NEPSE is still positive: what does the technical chat made of AI say ?

Lately, technical analysis has also been started on the stock market. Keeping this in mind, we are providing information through online Nepse Trading for your convenience. Technically, we have also done technical analysis and analysis of Nepal's stock market gauge NEPSE, companies, sub-indices.

Today we are going to do technical analysis of the market on the fourth trading day of the week i.e. Wednesday. This analysis is done by studying the licks made through AI.

NEPSE indicator

The NEPSE index, which has been increasing since the first trading of the week, has come to a break on Wednesday. A decline of about 9 points was seen in the market on Wednesday. Although there is a decline in the market, technical analysis shows that there is no fear from the market. Looking at Wednesday's market from Fibonacci, it seems that there is no need to sell now.

After the market closed on Monday, we informed you that Fibonacci gave a bye. Accordingly, you are aware that the market has increased on the 2nd trading day. But when the market falls on the fourth day of the week, they may have to sell here. But Fibonacci did not give a cell. Technical chat has suggested to sell only if the market comes below 2 thousand 7. Which is still 10 points away. Wednesday's market closed at 1,017 points. It can also be seen in the technical charts that the NEPSE indicator has not yet given a cell. MACD and Ichimo Cloud also seem to be supporting the market positively. Because of this, it seems that the market will continue to go up.

Note: This is an analysis of AI generated chat. Do not do business based on this.