NEPSE: Early Stage of a 5th Wave Advance

NEPSE Elliott Wave analysis Nepal — NEPSE: Early Stage of a 5th Wave Advance. NEPSE technical analysis by Ananta Dhungana.

Signal: bullish

Current Elliott Wave count: Wave 5th

• Preferred levels:
• Stop Loss: 2524
• Invalidation: 2524.55
• Breakout: 2605

NEPSE – Elliott Wave Our preferred Elliott Wave count views the current upward movement as the 1st wave of a larger 5th wave advance. The bullish setup remains valid as long as NEPSE holds above 2524.55, which is our current invalidation and stop-loss level. For further bullish confirmation, the index needs to break above 2602 and sustain above it. A break below 2524.55 would invalidate the current count.