Is NEPSE breaking out or correcting? Index at 2757.40 (-2.61 pts). 114/332 MACD above zero, breadth 1.05 A/D ratio. Breakout and correction signals analyzed.
Breakout or Correction? — 2026-04-07
NEPSE closed at 2757.40, down -2.61 points (-0.09%) from the previous close of 2760.02. The index traded between 2743.45 (low) and 2794.94 (high), opening at 2762.73.
Is today's NEPSE action a sign of breakout momentum or a correction? Let's analyze the evidence.
Breakout Signals
- ✅ More gainers (20) than losers (19) — bullish breadth
- ✅ 5/5 MACD above zero — bullish momentum
- ✅ More bullish (1) than bearish (0) MACD crosses
- ⚠️ Top gainer volume is thin — move may not sustain
Correction Signals
- ✅ Limited bearish divergence
- ⚠️ Only 1/5 expanding histograms — momentum fading
- ✅ Gaining sector is broader
Key Levels
- BJHL: Support Rs. 863.9, Resistance Rs. 931.7
- SGHC: Support Rs. 386.3, Resistance Rs. 443.3
- SKHL: Support Rs. 721.1, Resistance Rs. 777.8
Verdict
Evidence tilts toward BREAKOUT — positive breadth and majority MACD above zero support upside.