Was today profit booking or fresh buying? 20 gainers vs 16 losers. 2 bullish vs 0 bearish MACD crosses. NEPSE up 48.71 pts. Evidence-based breakdown of buying and selling activity.
Profit Booking or Fresh Buying? — 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.
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 (16)
- ✅ 2 fresh MACD bullish crosses — new buying signals
- ✅ 5 high-volume gainers — conviction buying
- ⚠️ Only 1 making higher lows
Evidence for Profit Booking
- ✅ Limited selling
- ✅ No bearish crosses
- ⚠️ 5 high-volume losers — conviction selling
- ✅ Limited divergence
Verdict
Fresh buying appears dominant — positive breadth and bullish technical signals outweigh selling evidence.