Was today profit booking or fresh buying? 20 gainers vs 20 losers. 3 bullish vs 1 bearish MACD crosses. NEPSE down 34.64 pts. Evidence-based breakdown of buying and selling activity.
Profit Booking or Fresh Buying? — 2026-05-04
NEPSE closed at 2704.08, down -34.64 points (-1.26%) from the previous close of 2738.72. The index traded between 2697.14 (low) and 2742.58 (high), opening at 2740.05.
Was today's action driven by profit booking or fresh buying? The data reveals the answer.
Evidence for Fresh Buying
- Losers outnumber gainers
- 3 fresh MACD bullish crosses — new buying signals
- 2 high-volume gainers — conviction buying
- 11 stocks making higher RSI lows — underlying strength
Evidence for Profit Booking
- Limited selling
- 1 MACD bearish crosses — exit signals triggered
- 9 high-volume losers — conviction selling
- Limited divergence
Verdict
Mixed — both buying and selling present. Market in a transition phase.