Nepse will be trading above 1,100 level

Looking at the charts,  It seems  the bearish  trend from 1,205 has come to end at 1,084. Negative divergence of Relative Strength Index has also completed its cycle.  Nepse is trading above its  5 days exponential moving average and 180 days  exponential moving average , currently at 1,107. Recent crossover from shorter term moving average, 5 days EMA indicates the change in the trend. Relative Strength Index is in over sold zone. We can expect market to be in bullish mood this week . Nepse will be trading above 1,100 level  and  can expect  1,150 in up coming days.   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.