Is NEPSE breaking out or correcting? Index at 2833.60 (-4.18 pts). 117/345 MACD above zero, breadth 1.00 A/D ratio. Breakout and correction signals analyzed.
Breakout or Correction? — 2026-04-13
NEPSE closed at 2833.60, down -4.18 points (-0.14%) from the previous close of 2837.78. The index traded between 2827.42 (low) and 2849.04 (high), opening at 2842.73.
Is today's NEPSE action a sign of breakout momentum or a correction? Let's analyze the evidence.
Breakout Signals
- ❌ More losers (20) than gainers (20) — bearish breadth
- ✅ 10/10 MACD above zero — bullish momentum
- ✅ More bullish (4) than bearish (0) MACD crosses
- ⚠️ Top gainer volume is thin — move may not sustain
Correction Signals
- ✅ Limited bearish divergence
- ✅ 9 expanding — momentum intact
- ✅ Gaining sector is broader
Key Levels
- PCIL: Support Rs. 330, Resistance Rs. 363
- SKHL: Support Rs. 1055.8, Resistance Rs. 1138.6
- SKHEL: Support Rs. 826.4, Resistance Rs. 891.2
Verdict
NEUTRAL — mixed signals suggest consolidation rather than a clear directional move.