Is NEPSE breaking out or correcting? Index at 2851.24 (+48.71 pts). 125/341 MACD above zero, breadth 1.25 A/D ratio. Breakout and correction signals analyzed.
Breakout or Correction? — 2026-04-09
NEPSE closed at 2851.24, up +48.71 points (+1.73%) from the previous close of 2802.52. The index traded between 2798.01 (low) and 2854.58 (high), opening at 2805.18.
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
- ✅ 10/10 MACD above zero — bullish momentum
- ✅ More bullish (2) than bearish (0) MACD crosses
- ✅ Top gainer BJHL has strong volume (28,988)
Correction Signals
- ✅ Limited bearish divergence
- ✅ 4 expanding — momentum intact
- ✅ Gaining sector is broader
Key Levels
- BJHL: Support Rs. 950, Resistance Rs. 1083.5
- ANLB: Support Rs. 5682.8, Resistance Rs. 6128.6
- RSML: Support Rs. 3825, Resistance Rs. 4289.4
Verdict
Evidence tilts toward BREAKOUT — positive breadth and majority MACD above zero support upside.