Part 1: Rundown and Technical Analysis

The NEPSE index closed at 1,922.16 levels this week after a gain of 63.67 points (3.43%). The index closed at 1,858.49 last week with a gain of 0.78% from the week before.

This week, the index went as high as 1,956.42 and as low as 1,857.20, hence witnessing volatility of 99.22 points. The index had seen a volatility of 14.67 points in the previous week.

Analysis of Trend and Volume

Trend analysis is a technical analysis method that helps to predict future movement based on the current ongoing trend data. Looking at the daily charts, the short-term and mid-term trend of the NEPSE index is down.

The highest intraday gain was 56.11 points on Tuesday with a turnover of Rs 1.29 Arba, with a total turnover of the week was 4.36 Arba.

Momentum Indicators

The relative strength index (RSI) is a momentum indicator used in technical analysis that measures the magnitude of recent price changes to evaluate overbought or oversold conditions in the price of a stock or index. Traditional interpretation and usage of the RSI are that values of 70 or above indicate that a security is becoming overbought or overvalued and may be primed for a trend reversal or corrective pullback in price. An RSI reading of 30 or below indicates an oversold or undervalued condition.

The RSI reading on the daily timeframe is 55.69. Meanwhile, the RSI reading on the weekly chart is 40.14.

On the other side of things, the MACD line is in the negative zone, i.e. below zero in the daily timeframe, with the MACD reading at -5.65. The MACD line is below the signal line. This indicates a bearish sentiment.

Moving Averages

NEPSE index is above both 5 days Exponential Moving Average (EMA) and 20 days EMA. The index above these moving averages signals bullishness. The 5 days EMA is above the 20 Days EMA with a Golden Crossover pattern forming. The Golden Cross is a technical pattern indicating the potential for a uptrend. The Golden Cross signal was generated on 1^st of November.

1,830 to 1,800 zone may act as the nearest support whereas, 2,080 zone will act as resistance.

Part 2: Insight into Important Data

More than 1.36 crore unit shares worth Rs. 4.36 Arba have been traded through 92,867 transactions this week. The current market capitalization of NEPSE stands at Rs. 2,764,795.31 million i.e. Rs 27.64 Kharba.

NEPSE index and Sub-indices performance: (Incline is based on the previous week's close)

The NEPSE index inclined by 3.43% this week. All sector indices closed green.

Stocks with the highest Monthly Beta

The top 3 companies with the highest beta are Sayapatri Hydropower Limited (SPHL), Nepal SBI Bank Limited (SBI) and Citizens Bank International Limited (CZBIL) with 1.218, 0.858, and 0.818 respectively.

Top Ten Gainers of the week:

Emerging Nepal Limited (ENL) is the top gainer. ENL closed at Rs. 615 with Rs. 78.9 (14.72%) increment.

Top Ten Losers of the week:

NIC ASIA Balanced Fund (NICBF) price has decreased by 14.76% and its LTP stands at Rs. 8.55.

All the analysis is done with the SS Pro Software. To know more about the software, click on the link below.

SSpro

Top Stocks by Turnover, Volume, and Number of Transaction:

NIC Asia Bank Limited (NICA) is the top traded company of the week. A total of Rs. 19.64 crores worth of NICA shares were traded this week.

Top Buyers Brokers of the Week:

Naasa Securities Co. Ltd. (Broker No- 58) was the top buyer broker this week and it has bought stocks worth Rs. 27.97 crores.

Top 10 Bought Companies:

Top Seller Brokers of the Week:

Naasa Securities Co. Ltd. (Broker No- 58) was the top seller broker for this week. The brokerage firm has sold stocks worth Rs. 28.48 crores.

Top 10 Sold Companies:

All the analysis is done with the SS Pro Software. To know more about the software, click on the link below.

SSpro