Kathmandu, Vaisakh 24
Today, a strong recovery was seen in the NEPSE index. On Monday, the Nepal Stock Exchange (NEPSE) index rose by 62.26 points to reach 2673.69, marking a 2.38% improvement. Today’s trading reflected investors’ enthusiasm, with a total turnover of NPR 1.051 billion.
Technical analysis indicates signs of market improvement
According to the Bollinger Bands (BB 20), NEPSE rebounded from the lower band (2601) and closed above the middle band (2663). The index now shows potential to reach the upper band (2726).
The MACD indicator displays a positive histogram. The MACD line appears to be crossing above the signal line, which is a strong bullish signal.
The RSI (Relative Strength Index) has reached 52.16, confirming the presence of bullish momentum in the market.
The Stochastic RSI also indicates an upward move from below. It has risen from 9.45 to 27.78, signaling a short-term market recovery.
Conclusion
Based on today’s market performance and technical indicators, a short-term bullish trend has started in NEPSE. If the market holds above 2663, the next target could be 2726 in the coming days. However, if the market declines again, the level near 2600 will serve as a key support.
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