Is NEPSE breaking out or correcting? Index at 2641.85 (+0.79 pts). 0/0 MACD above zero, breadth 1.00 A/D ratio. Breakout and correction signals analyzed.
Breakout or Correction? — 2026-08-11
NEPSE closed at 2641.85, up +0.79 points (+0.03%) from the previous close of 2641.06. The index traded between 2629.76 (low) and 2656.21 (high), opening at 2629.78.
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
- Only 0/0 MACD above zero — weak momentum
- More bearish (0) than bullish (0) crosses
- Top gainer ULHC has strong volume (74,681)
Correction Signals
- Limited bearish divergence
- 0 expanding — momentum intact
- Gaining sector is broader
Key Levels
- ULHC: Support Rs. 353.6, Resistance Rs. 436.6
- HIMSTAR: Support Rs. 682, Resistance Rs. 719.5
- UHEWA: Support Rs. 598, Resistance Rs. 638
Verdict
NEUTRAL — mixed signals suggest consolidation rather than a clear directional move.