NEPSE Support and Resistance Framework
After closing at 2,831.39 with a 47.71-point decline on March 30, 2026, the NEPSE index is at a critical juncture between key support and resistance zones.
Multi-Timeframe Support Levels
Daily Chart Supports
- 2,810-2,820: Minor support from recent price action
- 2,800: Major psychological round-number support
- 2,780: Previous swing low and consolidation area
- 2,750: 50-day moving average zone. Critical for medium-term trend
Weekly Chart Supports
- 2,700-2,720: Major weekly support from previous rally base
- 2,600: Long-term trend support. Break below changes entire structure
Multi-Timeframe Resistance Levels
Daily Chart Resistance
- 2,850-2,860: 20-day moving average zone
- 2,880: Failed breakout level — strong resistance
- 2,900-2,920: Previous swing high zone
Weekly Chart Resistance
- 2,950: Upper boundary of trading range
- 3,000: Major psychological resistance
Trend Direction Analysis
Primary Trend (Monthly): Bullish
Long-term trend remains bullish — NEPSE above 200-DMA with higher highs/higher lows intact. Correction doesn't threaten primary uptrend unless 2,600 breaks.
Secondary Trend (Weekly): Neutral
Weekly shifted from bullish to neutral. Recent bearish candle stalled momentum. Close below 2,750 turns weekly bearish.
Tertiary Trend (Daily): Bearish
Daily clearly bearish — price below 20-DMA, bearish MACD, declining RSI. This drives current sentiment.
Trend Reversal Conditions
- Bullish candlestick pattern at support (hammer, engulfing)
- RSI divergence — price new low but RSI higher low
- MACD bullish crossover
- Increased buying volume on up days
- Banking sector turning positive
Trading Zones Based on S/R
- Buy Zone: 2,780-2,810 with stop below 2,750. Target 2,860-2,880
- Sell/Short Zone: 2,860-2,880 with stop above 2,900. Target 2,800
- No-Trade Zone: 2,820-2,850 — unfavorable risk-reward