Nepse completed correction at 1537 level with ending diagonal pattern of wave C). Ending diagonal is common reversal pattern of Elliott Wave theory.
Higher volume supported by bullish RSI indicates that Nepse is trading in impulsive wave.
Bulls hold your buy position and add more during corrections. We will see Nepse above 1800 level very soon.
Nepse Technical Analysis(Elliott Wave) Chart.
An Elliott Wave Approach (Technical Analysis) for Nepal Stock Exchange Nepse
Subscribe to:
Post Comments (Atom)
Nepse Eyes 1087 -898 Before Bullish Move
Nepal Stock Exchange #Nepse topped at 1888.36 from the low of 257. The move from 257 to 1888.36 was quite bullish which is called motive wav...
-
BOKL moved in 5 wave fashion from its lowest price Rs 250 dated August 8 2018. From the lowest price of Rs 250 Bank of Kathmandu #BOKL moved...
-
Nepal Stock Exchange #Nepse topped at 1888.36 from the low of 257. The move from 257 to 1888.36 was quite bullish which is called motive wav...
-
Nepse made correction since April 2017. As per Elliott Wave Nepse completed ABC correction for wave 4). Now it is heading towards wave 5) wh...
No comments:
Post a Comment