Counting the waves…
Counting the waves…
Trade the Trend
NEPSE Elliott Wave analysis with real, annotated wave-count charts and price levels — indices, stocks and market insights by Ananta Dhungana.
"NRN in 4th wave triangle, may consolidation continues for few more weeks"
"HIDCL in 4th wave triangle, bullish above 271.90, target 347-371"
"RIDI in wave ((iv)) triangle, expecting shallow correction to 339-368 range"
NEPSE in wave 2, expecting further correction to 61.8% Fibonacci level
The Commercial Banking Index remains at a crucial juncture. Our preferred count suggests a complex Wave (2) correction before a larger bullish move, while the alternative count points to an ongoing 5th wave rally. A breakout above key resistance will determine the next major trend.
UNL forms a 4th wave triangle, potentially paving way for a price target of 60,000
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