Was today profit booking or fresh buying? 20 gainers vs 20 losers. 0 bullish vs 0 bearish MACD crosses. NEPSE up 38.19 pts. Evidence-based breakdown of buying and selling activity.
Profit Booking or Fresh Buying? — 2026-05-11
NEPSE closed at 2783.85, up +38.19 points (+1.39%) from the previous close of 2745.66. The index traded between 2747.18 (low) and 2783.99 (high), opening at 2747.20.
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
- 8 high-volume gainers — conviction buying
- 18 stocks making higher RSI lows — underlying strength
Evidence for Profit Booking
- Limited selling
- No bearish crosses
- 5 high-volume losers — conviction selling
- 6 bearish divergences — hidden weakness
Verdict
Mixed — both buying and selling present. Market in a transition phase.