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  3. NEPSE Daily Report Nepal (2026-05-07): Candlestick Pattern and Key Levels Explained
2 min readMay 7, 2026(Updated: May 7, 2026)

NEPSE Daily Report Nepal (2026-05-07): Candlestick Pattern and Key Levels Explained

Quick Answer

OHLC price action analysis for 2026-05-07: NEPSE opened 2708.00, high 2718.16, low 2700.97, closed 2718.16. 3 stocks closed at day high. Key support and resistance levels explained.

Table of Contents

OHLC price action analysis for 2026-05-07: NEPSE opened 2708.00, high 2718.16, low 2700.97, closed 2718.16. 3 stocks closed at day high. Key support and resistance levels explained.

NEPSE Key Levels & Price Action — 2026-05-07

NEPSE closed at 2718.16, up +6.94 points (+0.26%) from the previous close of 2711.22. The index traded between 2700.97 (low) and 2718.16 (high), opening at 2708.00.

Understanding price action through today's OHLC data and key support/resistance levels.

Top Gainers — OHLC Analysis

SymbolOpenHighLowClosePattern
SWBBL722810720810Closed at High (Strong)
SHLB1425149714181482Upper Half Close (Bullish)
PURE890942890927.6Upper Half Close (Bullish)
TVCL476.4512476.4510Upper Half Close (Bullish)
H802011.261211.2611.64Upper Half Close (Bullish)

Top Losers — OHLC Analysis

SymbolOpenHighLowClosePattern
FOWAD1364136411051127.9Lower Half Close (Bearish)
HBLPO123.2123.2115115Closed at Low (Weak)
ULHC541.5541.5499.7518Lower Half Close (Bearish)
RBBD20881123.51123.51123.51058Lower Half Close (Bearish)
MCHL312312297.2298Lower Half Close (Bearish)

Key Support & Resistance Levels

  • SWBBL: Support: Rs. 720 | Resistance: Rs. 810 | Prev Close: Rs. 722
  • SHLB: Support: Rs. 1418 | Resistance: Rs. 1497 | Prev Close: Rs. 1421
  • PURE: Support: Rs. 890 | Resistance: Rs. 942 | Prev Close: Rs. 889.9
  • TVCL: Support: Rs. 476.4 | Resistance: Rs. 512 | Prev Close: Rs. 491.1
  • FOWAD: Support: Rs. 1105 | Resistance: Rs. 1364 | Prev Close: Rs. 1300
  • HBLPO: Support: Rs. 115 | Resistance: Rs. 123.2 | Prev Close: Rs. 127
  • ULHC: Support: Rs. 499.7 | Resistance: Rs. 541.5 | Prev Close: Rs. 570
  • RBBD2088: Support: Rs. 1123.5 | Resistance: Rs. 1123.5 | Prev Close: Rs. 1123.5

Reading the Patterns

  • Close at High: 3 stocks — strong buying, likely continuation
  • Close at Low: 3 stocks — persistent selling
  • Long lower shadow (hammer): Stocks that opened low but recovered — potential reversal signals

Conclusion

OHLC data reveals conviction levels. Stocks closing at highs (like SWBBL) show strong demand, while those at lows indicate supply pressure. Use these levels for next-session trading decisions.

Key Points

  • Closed at high: 3 stocks
  • Closed at low: 3 stocks
  • SWBBL range: Rs.720-810
  • FOWAD range: Rs.1105-1364
  • OHLC reveals conviction levels
  • Key levels for next session set

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