Was today profit booking or fresh buying? 19 gainers vs 19 losers. 2 bullish vs 0 bearish MACD crosses. NEPSE down 2.95 pts. Evidence-based breakdown of buying and selling activity.
Profit Booking or Fresh Buying? — 2026-04-22
NEPSE closed at 2804.17, down -2.95 points (-0.10%) from the previous close of 2807.12. The index traded between 2762.37 (low) and 2818.05 (high), opening at 2810.04.
Was today's action driven by profit booking or fresh buying? The data reveals the answer.
Evidence for Fresh Buying
- Losers outnumber gainers
- 2 fresh MACD bullish crosses — new buying signals
- 5 high-volume gainers — conviction buying
- Only 4 making higher lows
Evidence for Profit Booking
- Limited selling
- No bearish crosses
- 7 high-volume losers — conviction selling
- 4 bearish divergences — hidden weakness
Verdict
Mixed — both buying and selling present. Market in a transition phase.