Next target of secondary market at 1350 points: Technical Analyst
Sun, Feb 7, 2016 12:59 PM on Latest, Featured, Stock Market,
Sagun Shakya
Technical Analyst
Nepse has crossed its triple top pattern and reached 1251.29 points.
The market has reached 1251.29 points with a good volume and a nice price movement.
The market is in bullish trend as it is moving up by huge points and when it goes down, it goes down by meager points only.
The five day moving average is above 20 days moving average which shows the market will be in a upward trend.
Now the recent target of Nepse is 1350 points and after that its next target will be 1750 points with a Resistance level of 1500 points.
Technical Analyst
Nepse has crossed its triple top pattern and reached 1251.29 points.
The market has reached 1251.29 points with a good volume and a nice price movement.
The market is in bullish trend as it is moving up by huge points and when it goes down, it goes down by meager points only.
The five day moving average is above 20 days moving average which shows the market will be in a upward trend.
Now the recent target of Nepse is 1350 points and after that its next target will be 1750 points with a Resistance level of 1500 points.
