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 wave as per Elliot Wave theory. Where wave (3) was extended.

From the historical high of 1888.36 #Nepse begun its correction. Where we could see Wave (c) is near to completion. Another powerful theory Fibonacci indicates that #Nepse still has to fall around 1058 - 898 before it begins Bullish journey.

Investment Idea: Long (as much as you can)
Hold: at least 5 years For Nepse arround 2560

Nepse Weekly Elliott Wave Analysis

BOK | Bank of Kathmandu #BOKL Get Ready To Buy

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 towards Rs 350 dated September 25 2018. Topped at Rs 350, Bank of kathmandu #BOKL made a retracement of 50% towards Rs 298 dated December 9 2018. The correction from Rs 350 to Rs 298 is in 3 waves.
Bottomed at Rs 298 Bank of Kathmandu #BOKL moved towards Rs 345 in 5 waves whic h can be wave (1) of III).  If Bank of kathmandu get support above Rs 298 and moves up then we could a see a bullish rally.
Investment Idea

• Buy on deep above Rs 298 For Rs 450
• Invalidation of wave count: Below Rs 298

#BOKL Bank of kathmandu daily chart.