NEPSE Gained 5.46 Points (0.25%) This Week (Weekly Summary Of NEPSE With Technical Analysis, Sector Comparison And Major Highlights)

Fri, Jan 13, 2023 11:14 AM on Stock Market, Weekly Analysis,

Part 1: Rundown and Technical Analysis

The NEPSE index closed at 2,149.39 this week after a gain of 5.46 points (0.25%). The index closed at 2,143.93 last week with a gain of 5.66% from the week before that.

This week, the index went as high as 2,277.25 and as low as 2127.08, hence witnessing volatility of 150.17 points. The index had seen a volatility of 131.08 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 is up but and mid-term trends of the NEPSE index is still down.

The highest intraday loss was 41.03 points on Thursday with a turnover of Rs 5.47 Arba, however, the total turnover stood at Rs 23.91 Arba this week.


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 68.88. Meanwhile, the RSI reading on the weekly chart is 59.53.

On the other side of things, the MACD line is in the Positive zone, i.e. above zero in the daily timeframe, but moving upward to the positive zone with the MACD reading at 69.98. The signal line is above the MACD line. This indicates an increase in bullish 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 an uptrend. The golden cross pattern is formed on 27th December.

2,080 to 2,000 zone may act as the nearest support whereas, the 2280 zone will act as resistance.

Part 2: Insight into Important Data

The highest intraday gain was 47.15 points on Monday with a turnover of Rs 5.31 Arba, whereas the total turnover of the week stood at Rs. 23.91 Arba. More than 6.41 crore unit shares have been traded through 343,088 transactions this week. The current market capitalization of NEPSE stands at Rs. 3,103,156.95 million i.e. Rs 31.03 Kharba.


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

The NEPSE index inclined by 0.25% this week. Five sector indices closed in red.

Stocks with the highest Monthly Beta

The top three companies with the highest beta are Kalika Power Company Limited (KPCL), Himalayan Power Partner Limited (HPPL), and Samriddhi Finance Company Limited (SFCL) with 2.652, 2.598, and 2.359 respectively.

Top Ten Gainers of the week:

Barahi Hydropower Public Limited (BHPL) is the top gainer. BHPL closed at Rs. 343.90 with Rs. 108.9 (46.34%) increment.

Top Ten Losers of the week:

Buddha Bhumi Nepal Hydropower Company Limited's (BNHC) price has decreased by 15.82% and its LTP stands at Rs. 400. 

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


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

Ridi Power Company Limited (RIDI) is the top-traded company of the week. A total of Rs. 72.37 Crores worth of RIDI 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 bought stocks worth Rs. 1.609 Arba.

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. 1.626 Arba.

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.