Was today profit booking or fresh buying? 20 gainers vs 19 losers. 1 bullish vs 0 bearish MACD crosses. NEPSE down 2.61 pts. Evidence-based breakdown of buying and selling activity.
Profit Booking or Fresh Buying? — 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.
Was today's action driven by profit booking or fresh buying? The data reveals the answer.
Evidence for Fresh Buying
- ✅ More gainers (20) than losers (19)
- ✅ 1 fresh MACD bullish crosses — new buying signals
- ✅ 2 high-volume gainers — conviction buying
- ⚠️ Only 0 making higher lows
Evidence for Profit Booking
- ✅ Limited selling
- ✅ No bearish crosses
- ⚠️ 7 high-volume losers — conviction selling
- ✅ Limited divergence
Verdict
Fresh buying appears dominant — positive breadth and bullish technical signals outweigh selling evidence.