Weekly Wrap Up: Market Trend Was a Correction At Best (Technical Analysis with Overall Sector, Broker, and Company-wise Summary)

Fri, Apr 23, 2021 4:37 PM on Stock Market, Weekly Analysis, Latest,

150.14 points volatility was witnessed this week, with the market reaching the highest 2759.89 and the lowest 2609.75. NEPSE index lost 87.39 points (3.19%) in this trading week. Last Week market closed at 2735.39 points and this week closed at 2648 points on Thursday.

Exponential Moving Average:

We have used EMA's of 5 days' time period (blue line), 20 days' time period (red line). At present, NEPSE Index is below 5 days EMA but above 20 days EMA. Values below shorter moving average signals for earlier indication of possibilities of starting of bearishness, but still need to wait till Nepse to close below 20 days EMA.

Relative Strength Index:

Relative Strength Index is a momentum oscillator that measures between zero and 100. Currently, the Relative Strength Index is at the 55.65 level. Traditionally the RSI is considered overbought when above 70 and oversold when below 30.

Moving Average Convergence and Divergence:

MACD line (blue) and the signal line (red line) are in the positive zone.  The MACD line has crossed the signal line, this indicates a bearish signal. The histogram is also in the negative zone. Overall MACD is indicating downward momentum.

Fibonacci retracement:

A Fibonacci retracement refers to areas of support or resistance. The indicator is useful because it can be drawn between any two significant price points, such as a high and a low, and then the indicator will create the levels between those two points.

The Fibonacci retracement levels are

38.2% - 2612

50% - 2566

61.8% - 2520

100% - 2371


Support and resistance level for the next trading week according to Pivot Point.

Pivot Point- 2672

1st Resistance- 2735                      1st Support- 2585

2nd Resistance- 2822                     2nd Support- 2522

3rd Resistance- 2897                      3rd Support- 2447

Conclusion: All major indicators are supporting the short-term bearish trend. We can aspect the market to test 61.8% level of Fibonacci next week. 

Listings of the week:

Weekly Market Summary of NEPSE:

More than 7.29 crore unit shares worth Rs 32.79 Arba has been traded through 3.74 lakh transactions this week. The current market capitalization of NEPSE stands at Rs. 3,666,699.19 Million.

Sector-wise breakdown of the turnover of this week:

The Commercial Bank sector made 29.16% of the total turnover this week followed by the Microfinance sector with 16.08% of the total turnover.

NEPSE index and Sub-indices performance: (Decrement here is based on the previous week closed value)

The NEPSE index decreased by 3.19% this week. 

Stock with the highest monthly Beta value from the Microfinance and Non-life insurance

NIC Asia Laghubitta Bittiya Sanstha Limited (NICLBSL) has the highest monthly Beta value of 2.70 followed by WOMI Laghubitta Bittiya Sanstha Limited (WOMI) and Prudential Insurance Company Limited (PICL)  with 2.46 and 2.34 beta value respectively.

Top Ten Gainers of the week:  

Mahila Laghubitta Bittiya Sanstha Limited (MLBSL) is the top gainer of this week. MLBSL closed at Rs. 1208 with Rs. 734 (60.76%) increment.


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


Top Ten Losers of the week:

Chandragiri Hills Limited's (CGH) price has decreased by 14.26% and its LTP stands at Rs. 2135.

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

NIC Asia Laghubitta Bittiya Sanstha Limited (NICLBSL) is the top traded company of the week. A total of Rs. 1.29 Arba worth of NICLBSL shares was traded this week.

Top Buyers Brokers of the Week:

Naasa Securities Co.Ltd (Broker No- 58) was the top buyer broker of this week and it has bought stocks worth Rs 2.23 Arba.

Top Buyer Brokers Top 10 Bought Companies:

Top Seller Broker 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 2.78 Arba.

Top Seller Brokers 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


Top 10 companies with highest market cap:

Major Highlights of the week:

Bishal Bazar Company (BBC) Gains 10% and Hits Positive Circuit Breaker on First Day of Trading Resumption

Country Sees Second Wave of Covid-19; Merchant Banking Services Will Now Be Provided Virtually

NIC Asia Laghubitta publish improved Q3 report after successful merger with Swadeshi Laghubitta; net profit stands at Rs 42.72 crore

Reminder: 30 Days Ultimatum to Collect Pending Cash Dividend of Butwal Power Company (BPCL)

330-kg pinnacle installed in Dharahara

Huge rise in other operating income results excellent rise in Net Profit of Jyoti Bikas Bank by 38.19% in Q3; EPS stands at Rs 20.89

Bonus Shares and Right Shares of These Companies Are Finally Listed in NEPSE

Heads Up: Shares of Bishal Bazar Company (BBC) Can Now Be Traded

Gold Gains Rs. 1,300 Per Tola Overnight; Silver Trading at Rs. 1,310 Per Tola

Nepal Infrastructure Bank (NIFRA) Updates Interest Rates Profile; Presents Attractive Rates on Fixed Deposits

NRB urges for changing Qatari currency Riyal before May 10

IPO Alert: CEDB Hydropower Development Company issuing 25.18 lakh units IPO share to general public from Baisakh 17

Finance Education in Nepal is Painfully Outdated; Here's What Needs to Change Right Now

After Banks and Financial Institutions, Insurance Companies Are In Line to Go on Pandemic Mode of Operation

IPO Alert: Madhya Bhotekoshi Jalvidyut Company to Issue 1.5 Crore Shares to Locals and Public

Banks and Financial Institutions Back on Pandemic Mode of Operation; Central Bank Issues Instructions to Minimize Virus Spread

Dividend of These Two Companies Have Been Distributed

ARNA – Born In Nepal Wins at London Beer Competition; becomes first Nepalese beer brand to win international medal

9 More Institutional Investors Will Now Participate in Book-Building Process; Here's the Entire List

Shares Distributed to Locals of Panchakanya Mai Hydropower (PMHPL) Are Now Tradable; Here's How to Dematerialize Yours

Civil Bank CEO Govinda Gurung Resigns from Office; Sunil Pokharel Appointed Acting CEO

Newly appointed minister Thapa takes oath of office and secrecy

Heads Up: Rights Offering of Arun Valley Hydropower (AHPC) Opening from Today

Nepal Oil Corporation increases price of petroleum products again

Xiaomi Nepal launches Mi Watch Lite; Get Smarter and Fitter now

NIBL Mutual Fund gets approval from SEBON; to Issue 4th mutual fund scheme NIBL Samriddhi Fund-II worth Rs 1.2 arba with maturity period of 10 years

Dividend Season Nearing, Highly Undervalued Prices: Here's Why Things Look Promising on Mutual Funds