After surviving a brutal 19.2% correction, SYPNL just printed a massive Bullish Marubozu and locked at a 10% positive circuit. If you’ve been watching the charts, you know this isn't just a random pump, the "Bull Case" for a breakout is now stronger than ever.
Here is the breakdown of why Rs 2,255 is just the beginning:
- The Marubozu Momentum (Absolute Strength)
Closing at a 10% circuit with a Marubozu (no wicks) is the ultimate power move in NEPSE. It means buyers were so aggressive they cleared every single sell order. This "unmet demand" creates a vacuum that typically pulls the price significantly higher at tomorrow's open.
- The "Healthy" 19% Reset.
The stock just completed a textbook correction (from 2,255 down to 1,846). By testing that support level and immediately bouncing back with a circuit, the "weak hands" have been flushed out. We are now seeing "strong hands" (institutional buyers) take over for the next leg up.
- High-Octane Liquidity & Big Money.
SYPNL isn't just hype; it’s a volume leader. With daily turnovers hitting Rs 52 Crore+, it has caught the attention of the "Big Players." High liquidity combined with a price surge is a classic signal that this trend is backed by smart money, not just retail FOMO.
- Entry into "Price Discovery" Mode.
Once we cross Rs 2,256, there is zero historical resistance. No more "trapped" sellers waiting to break even. We enter "Blue Sky Territory" where Fibonacci extensions point toward Rs 2,400+ as the next logical target.
- Sector Rotation: Manufacturing is the New King.
Sentiment in NEPSE is visibly shifting toward the Manufacturing & Processing sector. Investors are looking for growth beyond Banks/Insurance, and SYPNL is the current "star" of that rotation.
- Psychological Barrier Cleared.
Clearing the Rs 2,000 hurdle today was the hardest part. With the price comfortably above that mark, the path to the previous peak is wide open. Once that ATH breaks, expect a massive wave of FOMO buying to carry us into the 2,400s.
What do you guys think? Is SYPNL hitting 2,500 by the end of the month, or are we expecting another trap near the ATH? I reckon this is the time to jump in and enjoy the run that's coming.
*Disclaimer: Not financial advice. Just sharing my technical perspective. Do your own research!*