Kathmandu, Nepal — 05/11/2025
The Nepal Stock Exchange (NEPSE) index closed down by 12.53 points (0.47%) at 2649.11. Investor caution and weak market momentum prevented the market from holding on to the day’s highs.
During the day, NEPSE opened at 2661.56 and reached a high of 2692.50 but came under pressure towards the close, touching a low of 2648.48. Trading volume also declined, limited to NPR 1.0203 billion, reflecting hesitant investor sentiment.
📊 Key Technical Analysis Points
🔸 Bollinger Bands
The market is currently trading below the middle line of the Bollinger Bands (2661.94), indicating a mild negative signal. The bands are contracting, showing low volatility and suggesting a potential breakout or breakdown soon.
🔸 MACD (12,26,9)
The MACD line (1.20) has crossed above the signal line (-12.86), indicating weak bullish momentum. However, momentum has not yet strengthened significantly, suggesting the market is in a consolidation phase.
🔸 RSI (Relative Strength Index)
The RSI stands at 46.88, below the neutral 50 level. This means the market is neither overbought nor oversold but is slightly tilted towards the negative side.
🔸 Stochastic RSI
The Stochastic RSI %K line is at 77.41, approaching the overbought zone. This may signal a short-term correction if buying pressure weakens.
🔍 Outlook and Strategy
Analysts suggest that if NEPSE fails to break through the resistance zone of 2661–2675 with strong volume, the market may remain sideways or test support at 2599.
A fall below 2599 could lead to further declines.
“There is a struggle between buyers and sellers, but current momentum does not favor buyers,” said a technical analyst.
External factors like economic news, liquidity, and political stability will also influence market direction.
📌 Key Levels
Resistance: 2661, 2725
Support: 2599, 2550
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