Is NEPSE breaking out or correcting? Index at 2802.52 (+45.12 pts). 118/349 MACD above zero, breadth 1.25 A/D ratio. Breakout and correction signals analyzed.
Breakout or Correction? — 2026-04-08
NEPSE closed at 2802.52, up +45.12 points (+1.64%) from the previous close of 2757.40. The index traded between 2766.99 (low) and 2802.52 (high), opening at 2772.81.
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 (16) — bullish breadth
- ✅ 8/8 MACD above zero — bullish momentum
- ❌ More bearish (0) than bullish (0) crosses
- ✅ Top gainer SOHL has strong volume (250,400)
Correction Signals
- ✅ Limited bearish divergence
- ✅ 3 expanding — momentum intact
- ✅ Gaining sector is broader
Key Levels
- SOHL: Support Rs. 618.1, Resistance Rs. 684.2
- SAIL: Support Rs. 1167, Resistance Rs. 1303.5
- RSML: Support Rs. 3545, Resistance Rs. 3899.5
Verdict
Evidence tilts toward BREAKOUT — positive breadth and majority MACD above zero support upside.