NEPSE Update 20 January

Yesterday and today NEPSE tested a high of 2363 and closed (slightly) lower better than of yesterday (2320) at 2342.

What could be now ? Will 2355 be tested as resistance or will break through towards 2696 ? or if 2355 denied then 2087 will come into play as support or even 1898 will come into play ?

Fib extensions 219  (2012 Apr) to 1896 (2016 Aug) to 1096 (2018 Mar, 2018 Dec, 2019 Mar, 2019 Sept and 2019 Dec) :

0.5 @ 1898

.618 @ 2087

.786 @ 2355

1.0 @ 2696

#tradewithramesh #nepalstock #sharemarket #sharebazaar #NEPSE

Please note that due to market volatility, some of the above sight prices may have already been reached and scenarios played out. Trade in your own discretion.