Week Concludes With Highest Volatility in History But Little Overall Index Movement (Technical Analysis With Sector Comparison, Scrip Analysis, and Highlights)

Fri, Sep 24, 2021 1:17 PM on Weekly Analysis,

This was the week with the highest weekly volatility in NEPSE's history. Total volatility of 266.83 points was witnessed with the high at 2,882.32 and the low at 2,615.49. The index gained 7.27 points (0.26%) in this trading week. Last week the market closed at 2812.38 points and this week closed at 2819.65 points on Thursday.

Exponential Moving Average:

NEPSE Index is below both 5 days EMA and 20 days EMA. The Index below the moving average signals for Bearishness. Recently, 5 days EMA has crossed its 20 Days EMA from above, forming a Dead crossover pattern. The Dead cross is a technical pattern indicating the potential for a downtrend.

Relative Strength Index:

Relative Strength Index is a momentum oscillator that measures between zero and 100. Currently, the Relative Strength Index is at the 41.37 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 and the MACD line is below the signal line, this indicates a possibility of a trend reversal. A histogram is also in the negative zone.  MACD is indicating the possibility of 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

61.8% - 2696

78.6% - 2550

100% - 2356

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

Pivot Point- 2772

1st Resistance- 2929                    1st Support- 2662

2nd Resistance- 3039                   2nd Support- 2505

3rd Resistance- 3172                   3rd Support- 2371

Conclusion:   All major technical indicators are supporting the downtrend. Major support is at the 2500 level.

Weekly Market Summary of NEPSE:

More than 7.44 crore unit shares worth Rs 29.76 Arba has been traded through 3.63 lakh transactions this week. The current market capitalization of NEPSE stands at Rs.3,947,150.79 Million.

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

The NEPSE index increased by 0.26% this week. The banking sector gained the most this week.

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

Union Hydropower Company Limited (UNHPL) has the highest monthly Beta value of 2.31 followed by Mountain Hydro Nepal Limited (MHNL) and Himalayan Power Partner Limited (HPPL)  with 2.22 and 2.22 beta value respectively.

Top Ten Gainers of the week:  

Manakamana Smart Laghubitta Bittiya Sanstha Limited (MKLB) is the top gainer of this week. MKLB closed at Rs. 1317 with Rs. 417.3 (46.37%) 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:

United Idi-Mardi and R.B. Hydropower Limited (UMRJ) price have decreased by 10.69% and its LTP stands at Rs. 610.

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

Arun Valley Hydropower Development Company Limited (AHPC) is the top traded company of the week. A total of Rs. 1.06 Arba worth of AHPC 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 1.66 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 1.66 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


Major Highlights of the week:

This is How We Performed As a Nation in First Month of Fiscal Year 2078/79

Allotment of "Nabil Balanced Fund III" Concludes; This is the Allotment Module

Hydroelectricity Investment and Development Company (HIDCL) Auctioning Right Shares From Today

10: 3 Rights Offering of Excel Development Bank Opening on Ashwin 25

Allotment Program for Locals IPO Issue of Nyadi Hydropower Concludes

Dr. Narayan Khadka sworn-in as Foreign Minister

ADB projects 4.2 percent growth rate in Nepali economy in 2022

IPO of Sahas Urja Limited Oversubscribed 1.2 Times on First Day Itself

Gold Gains Rs. 900 Per Tola in Nepalese Market, Trading Today at Rs. 90,100

Muktinath Bikas Bank Reduces Interest Rate on FDs; Reverts Its Own "Accidental" Dashain Offer

NMB Capital Distributing Cash Dividend of Its Mutual Funds

Last Day to Grab Dividend of Ru Ru Jalvidut Pariyojana Limited (RURU)

Committee formed to probe allegations against Bhisma Raj Dhungana submits report to Finance Minister

Decrement on Weekly Lending and Deposit Figures in First Week of Ashwin

IPO Shares of Mailung Khola Jal Vidhyut Company (MKJC) Listed in NEPSE; What's the Opening Range?

Nepal Infrastructure Bank (NIFRA) Proposes First Dividend Less than a Year After Listing

Minister Janardan Sharma calls for more support for COVID-19 control

Deprosc Laghubitta Calls AGM, Company Scraps Merger Agreement With Nadep Laghubitta; When's the Book Closure for 21.053% Dividend?

Buddha Bhumi Nepal Hydropower Company issuing 8 lakh units IPO share to general public from Ashwin 11

Last Day to Grab 35% Dividend of Nepal Lube Oil Limited (NLO)

Mega Bank drives up interest yield to 9.55% for personal FD depositors; saving account holders to get 6.05% interest for their hard earn money