Is NEPSE breaking out or correcting? Index at 2542.77 (+4.66 pts). 0/0 MACD above zero, breadth 1.00 A/D ratio. Breakout and correction signals analyzed.
Breakout or Correction? — 2026-09-04
NEPSE closed at 2542.77, up +4.66 points (+0.18%) from the previous close of 2538.11. The index traded between 2533.28 (low) and 2545.04 (high), opening at 2536.98.
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 volume is thin — move may not sustain
Correction Signals
- Limited bearish divergence
- 0 expanding — momentum intact
- More stocks in declining sector (HYDRO POWER: 13) than gaining (HYDRO POWER: 10)
Key Levels
- WNLB: Support Rs. 971.1, Resistance Rs. 1099
- CKHL: Support Rs. 549.6, Resistance Rs. 615
- ALBSL: Support Rs. 1060, Resistance Rs. 1190
Verdict
NEUTRAL — mixed signals suggest consolidation rather than a clear directional move.