NEPSE At Major Resistance Level, Market Can Swing Both Ways (Weekly Summary With Company Analysis and Major Highlights)

Fri, Apr 9, 2021 3:05 PM on Stock Market, Weekly Analysis, Latest,

54.62 points volatility was witnessed this week, with the market reaching the highest 2694.54 and the lowest 2639.92. NEPSE index gained 42.46 points (1.61%) in this trading week. Last Week market closed at 2631.89 points and this week closed at 2674.35 points on Thursday.

Candlestick pattern:

Five red candles were formed this week.

 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 above both 5 days EMA and 20 days EMA. Values above moving average signals for bullishness. The golden cross signal was generated by moving average on 21th of March 2021.

Relative Strength Index:

Relative Strength Index is a momentum oscillator that measures between zero and 100. Currently, the Relative Strength Index is at 68.09 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 above 0, this indicates a bullish signal. The histogram is also in the positive zone. Overall MACD is indicating upward 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% -2560

100% - 2676

161.8% - 2865


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

Pivot Point- 2669

1st Resistance- 2699                       1st Support- 2644

2nd Resistance- 2724                       2nd Support- 2614

3rd Resistance- 2751                      3rd Support- 2586

Conclusion: Nepse is at major resistance level, possibilities of formation of the double top pattern. So, need to wait for confirmation of the continuation of the upper trend.

Weekly Market Summary of NEPSE:

More than 8.01 crore unit shares worth Rs 37.60 Arba has been traded through 3.93 lakh transactions this week. The current market capitalization of NEPSE stands at Rs. 3,702,818.95 Million.

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

The NEPSE index increased by 1.61% this week. The top gainer sector of this week is the Hotel and Tourism sector with a rise of 15.47%.

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

Suryodaya Laghubitta Bittiya Sanstha Limited (SLBS) has the highest monthly Beta value of 2.47 followed by Prudential Insurance Company Limited (PICL) and Sabaiko Laghubitta Bittiya Sanstha Limited (SABSL) with 2.40 and 2.18 beta value respectively.

Top Ten Gainers of the week:  

NIC Asia Laghubitta Bittiya Sanstha Limited (NICLBSL) is the top gainer of this week. NICLBSL closed at Rs. 1405 with Rs. 531 (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:

Nepal Credit & Commerce Bank Limited Promoter Share (NCCBPO) price has decreased by 21.71% and its LTP stands at Rs. 119.

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

Nepal Infrastructure Bank Limited (NIFRA) is the top traded company of the week. A total of Rs. 1.69 Arba worth of NIFRA shares were traded this week.

Top Buyers Brokers of the Week:

Imperial Securities Co.Pvt.Limited (Broker No- 45) was the top buyer broker of this week and it has bought stocks worth Rs 2.37 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 2.59 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:

2nd wave of COVID-19: Country reports 332 new cases

Shares Listed: 6,40,000 Bonus Shares of GMFIL and Bonus, Rights Shares of NBL

Bids Opened for Auctioned Shares of MPFL; What is the Cut-off Price?

IPO Allotment Tomorrow at 11: Singati Hydro Energy to Allot Its Shares

Bivek Neupane: Is the MA Crossover Strategy Even Profitable?

Upcoming IPO: Upper Solu Hydro Electric Company Submits IPO Application

Gold Gains Rs. 500 Per Tola Overnight; Silver Gains Rs. 10

Reliance Finance (RLFL) Calls AGM; When's the Book Closure for Dividend?

Addressing the Hottest Debate: Where is NEPSE Headed? (Experts Speak on Liquidity, Quarterly Performance, Fundamentals, and Political Scenario)

New chairman of Deprosc Laghubitta Mr. Dipak Khanal receives oath of his position

Daraz all set to begin Nawa Barsha’s Grand Sale from April 11; learn more about attractive discounts and offers here

IPO of Ru Ru Jalbidhyut Closes; Only 1 in 44 Applicants Will Get 10 Shares Each

Reliance Finance (RLFL) Requests Investors to Collect Due Dividends

Manakamana Cable Car service to remain shut till Chaitra 30 for up-gradation process; to keep open the restaurant service

SEBON reiterates to take punitive action against alleged insider traders in recent Ajod Insurance case; announces about its ongoing investigation work under the command of director

Salt Trading Corporation (STC) proposes 25% Dividend for Fiscal Year 2076/77: How much in Bonus Shares and Cash?

Allotment Chances Are Slim But Did You Apply for IPO of Ru Ru Jalbidhyut Already? (With Latest Applicant Data)

Do This to Claim Your Bonus Shares from VLBS and PFL

Coca-Cola makes at-home meal moments memorable for consumers with special offer; to provide 250 ml free with every purchase of 2.25 Ltr pack

Esewa to provide 100% scholarship to 100 students; parents and students need to pay online education fee to be qualified for scholarship

Golchha Group signs PPA with NEA; makes deal to sell its 2 MW solar energy to power authority

Nepal Oil Corporation (NOC) hikes price of petroleum products

Prabhu Capital conducts 1 day technical and fundamental sharemarket training at Rajdhani College and Itahahri

9,53,442 Applicants Have Applied for IPO of Ru Ru Jalbidhyut ; Less than 4% of Them Will Get 10 Units Each

My Comment on the Article "Value Investing? Really?" Published on Sharesansar

IPO of Ru Ru Jalbidhyut Oversubscribed Over 32.8 Times As of This Moment

Deprosc Laghubitta convenes its 19th AGM; endorses proposal of 20% dividend to shareholders

PM Oli lays foundation stone for 165 road projects