Was today profit booking or fresh buying? 10 gainers vs 10 losers. 0 bullish vs 6 bearish MACD crosses. NEPSE down 26.17 pts. Evidence-based breakdown of buying and selling activity.
Profit Booking or Fresh Buying? — 2026-04-28
NEPSE closed at 2770.26, down -26.17 points (-0.94%) from the previous close of 2796.43. The index traded between 2765.18 (low) and 2812.29 (high), opening at 2795.21.
Was today's action driven by profit booking or fresh buying? The data reveals the answer.
Evidence for Fresh Buying
- Losers outnumber gainers
- No fresh bullish crosses
- 2 high-volume gainers — conviction buying
- 19 stocks making higher RSI lows — underlying strength
Evidence for Profit Booking
- Limited selling
- 6 MACD bearish crosses — exit signals triggered
- 10 high-volume losers — conviction selling
- Limited divergence
Verdict
Mixed — both buying and selling present. Market in a transition phase.