Is NEPSE breaking out or correcting? Index at 2613.33 (-16.48 pts). 0/0 MACD above zero, breadth 1.00 A/D ratio. Breakout and correction signals analyzed.
Breakout or Correction? — 2026-09-28
NEPSE closed at 2613.33, down -16.48 points (-0.63%) from the previous close of 2629.81. The index traded between 2605.31 (low) and 2638.28 (high), opening at 2633.00.
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 MANDU has strong volume (15,798)
Correction Signals
- Limited bearish divergence
- 0 expanding — momentum intact
- More stocks in declining sector (HYDRO POWER: 13) than gaining (HYDRO POWER: 5)
Key Levels
- MANDU: Support Rs. 704, Resistance Rs. 786.9
- RSML: Support Rs. 2750, Resistance Rs. 2836
- BARUN: Support Rs. 323.1, Resistance Rs. 332
Verdict
NEUTRAL — mixed signals suggest consolidation rather than a clear directional move.