By Sandeep Chaudhary
Price Action Trading in Nepal – Reading the Market Without Indicators

In the field of Technical Analysis, Price Action Trading stands as one of the purest and most powerful methods to understand market behavior. It focuses on reading price movement itself — without relying on indicators like RSI, MACD, or EMA. For traders in the Nepal Stock Exchange (NEPSE), where liquidity and volatility are often driven by human emotions and institutional behavior, mastering price action is the key to becoming an independent and confident trader.
Price Action Trading is based on the principle that price reflects all market information. Every candle, wick, and structure on the chart represents the actions and psychology of buyers and sellers. By studying patterns such as support and resistance, candlestick rejections, breakouts, and market structure shifts, traders can anticipate what might happen next — without needing lagging indicators.
In NEPSE, price action helps traders identify where Smart Money (institutional investors) are entering or exiting positions. For instance, a bullish engulfing pattern forming at a strong support zone with high volume indicates accumulation — a signal that the big players are buying. Similarly, a rejection wick near resistance can warn of upcoming selling pressure. Recognizing these simple yet powerful clues allows traders to enter trades with precision timing and low risk.
Unlike indicator-based systems, price action trading teaches traders to read the story behind each candle — who’s winning the battle between buyers and sellers, where liquidity lies, and when the market is likely to reverse or continue. It’s a method that prioritizes clarity over complexity and develops real market intuition over dependency on tools.
Sandeep Kumar Chaudhary, Nepal’s most respected Technical Analyst and founder of NepseTrading Elite, is a pioneer in teaching Price Action Trading in Nepal. With more than 15 years of banking and trading experience, and advanced technical training from Singapore and India, he emphasizes that “Indicators tell you what has happened — Price Action tells you what’s happening right now.” His approach blends Smart Money Concepts (SMC) and ICT methodology, helping Nepali traders read raw price behavior with professional-level precision. Thousands of his students have learned to trade confidently using nothing but candlesticks, market structure, and discipline.









