Nepse Index will be trading in 1080 to 1200 levels for some weeks
Mon, Sep 28, 2015 11:12 AM on Latest, Exclusive, Featured, Technical Analysis,
ShareSansar, September 28:
Nepse Index closed above its support level of 1,175 on last trading day. Nepse Index had tried 3 times to breach its resistance level and made triple top pattern at 1,200. Until and unless it crosses 1200 mark , Nepse wont be in bullish mood. It seem Nepse will be in bearish trend or sideways between 1,080 to 1,200 level for few weeks as relative strength index also conforms, negative divergence. But major trend of Nepse is still bullish.
Sagun Shakya -Technical Analyst-
Disclamer: Opinions expressed are those of the individual authors and do not necessarily represent the opinion of sharesansar.com This commentary is a guideline to interpreting the specified indicators. This information should only be used by investors who are aware of the risk inherent in securities trading. IMS Investment Management Services Pvt. Ltd accepts no liability whatsoever for any loss arising from any use of this contents.
