NEPSE: The NEPSE index is currently in the fourth wave triangle, as per Elliott wave analysis.

NEPSE in Wave C of (e) with a target range of 2576-2516, below 2469 invalidates this count.

Signal: bearish

Current Elliott Wave count: Wave 4

Based on our Elliott Wave analysis of the NEPSE, we are currently positioned in wave c of (e) of ((iv)). The expected target for the completion of this wave pattern is likely to be in the range of 2576-2516. However, if the price drops below 2469, this calculation will be rendered invalid.

For Nepse, based on our alternate calculation, we have completed wave (e) of the triangle in the Y-X-Y pattern in wave (iv). To validate this scenario, the index must hold above 2602.39 and a breakout above 2880 is also necessary to confirm the upside.

Based on our Elliott Wave analysis of the NEPSE, we are currently positioned in wave c of (e) of ((iv)). The expected target for the completion of this wave pattern is likely to be in the range of 2576-2516. However, if the price drops below 2469, this calculation will be rendered invalid.
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