NEPSE Daily Report Nepal (2026-09-07): Candlestick Pattern and Key Levels Explained

NEPSE 2026-09-07: index 2,560.84 (+18.07 pts, +0.71%). RSI(14) 37.96, close below the 20-day SMA of 2,599.62; turnover Rs 3.83 billion. Read: neutral.

NEPSE Daily Report Nepal — 2026-09-07

NEPSE closed at 2,560.84, up 18.07 points (+0.71%) from the previous close of 2,542.77. The session opened at 2,558.37, printed a high of 2,566.31 and a low of 2,542.30.

Candlestick Read

Today's bar classifies as a bullish spinning top (small body, shadows on both sides), from an open of 2,558.37 through a high of 2,566.31 and a low of 2,542.30 to a close of 2,560.84. The body measures 2.47 points against shadows of 5.47 (upper) and 16.07 (lower), leaving the close 77.22% of the way from the low to the high. The session opened 15.60 points above the prior close.

NEPSE OHLC

The session's index prints:

Support and Resistance

The nearest swing low below the close is 2,546.69 (set on 2026-07-14), 0.55% under the close. Overhead, the closest swing high is 2,656.54 from 2026-08-13, 3.74% above the close. Swing points are local extremes over a three-session window on each side; the 20-day band runs 2,501.49 to 2,657.44.

Range Context

The day's range was 24.01 points (0.94% of the previous close) and the index closed 77.22% of the way up that range. The 20-session band is 2,501.49 to 2,657.44. The 52-week extremes are 2,469.37 (2025-10-26) and 2,969.50 (2026-03-25), so the close is -13.76% off the yearly high and +3.70% above the yearly low.

Trend Direction

All three moving averages (20-day, 50-day, 200-day) sit above the close. Over five sessions the index is +0.14% (from 2,557.31) and over 21 sessions -4.02%; the last five closes were 4 up and 1 down, with a 4-session winning streak now. On the rule set (price, breadth, 20-day average, MACD) the read is neutral. It summarises the tape; it is not a forecast.