NEPSE U turned after reaching 2615 points, Has the correction cycle been completed ?

Sep Tue 2021 07:45:19

241 views

NEPSE  U turned  after reaching 2615 points, Has the correction cycle been completed ?

Kathmandu: There are indications that the correction cycle has been completed in the share market. The Nepse index dropped from 3200 points to around 2615 points on Tuesday. Nepse had returned after reaching 2615 points. After that, positive signs have been seen in the market. Gradually, buyers have become dominant. However, it would be wise to wait a few days to assess the pace and trend of the market. The prices of most companies have gone up.

When the Nepse continued to decline, the prices of some companies had come down to about one year ago. It is seen that both the traders and the investors will be active in buying the opportunity when it is very cheap. The market had plummeted at the time of the dividend. The market has declined sharply due to the Rs 120 million limit and interest rate hike.

After the completion of this correction cycle, the market is again being analyzed to set a new and historic point.