NEPSE is currently trading in an hourly trend-reset area, aligned with an ongoing daily reset setup, indicating a potential upside move.
The 2698–2761 range represents the key hourly timeframe reset zone. This area may indicate where market makers have accumulated positions at discounted prices. If not, the market could push below 2698 once more to gather additional liquidity before initiating the next upward move.
However, if the price continues to remain below 2698, it would suggest that the trend reset has failed to support an upside move. In that case, we may see the formation of a new peak before identifying fresh buying opportunities.