Technical Analysis of NEPSE's Movement This Week (With Sector Summary, Highlights, and Breakdown of Top Performers)

Fri, Apr 30, 2021 2:47 PM on Stock Market, Weekly Analysis, Featured,

163.32 points volatility was witnessed this week, with the market reaching the highest 2664.70 and the lowest 2501.38. NEPSE index decreased by 36.90 points (1.39%) in this trading week. Last Week market closed at 2648 points and this week closed at 2611.10 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 above 5 days EMA but below 20 days EMA. Values below shorter moving average signals for earlier indication of possibilities of starting of bullishness, but still need to wait till Nepse to close above 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 51.04 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- 2592

1st Resistance- 2683                     1st Support- 2520

2nd Resistance- 2755                     2nd Support- 2429

3rd Resistance- 2836                      3rd Support- 2347

Conclusion: Some indicators are providing a signal of short-term bearish. This week market might test the 61.8% level of Fibonacci once again. 

Listings of the week:

Weekly Market Summary of NEPSE:

More than 5.65 crore unit shares worth Rs 27.33 Arba has been traded through 3.51 lakh transactions this week. The current market capitalization of NEPSE stands at Rs. 3,620,827.92 Million.

Sector-wise breakdown of the turnover of this week:

The Commercial Bank sector made 26.06% of the total turnover this week followed by the Hydropower sector with 16.64% 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 1.39% this week. The highest gaining sector of this week is Manufacturing and processing sector with a rise of 3.36%.


Stock with the highest monthly Beta value from the Microfinance, Hydropower, Development Bank and Non-Life Insurance 

Sanjen Jalavidhyut Company Limited (SJCL) has the highest monthly Beta value of 2.40 followed by WOMI Laghubitta Bittiya Sanstha Limited (WOMI) and Chhyangdi Hydropower Company Limited (CHL)  with 2.09 and 2.03 beta value respectively.

Top Ten Gainers of the week:  

Bishal Bazar Company Limited (BBC) is the top gainer of this week. BBC closed at Rs. 5099 with Rs. 1931 (60.95%) 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 10.91% and its LTP stands at Rs. 1902.

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

Upper Tamakoshi Hydropower Limited (UPPER) is the top traded company of the week. A total of Rs. 1.15 Arba worth of UPPER shares were 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 2.32 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 1.73 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:

Things to know for prospective investors about IPO of CEDB Hydropower Development Company Limited

Bonus Shares of Samata Laghubitta (SMATA) and Goodwill Finance (GFCL) Are Now Listed in NEPSE

Look at top investment preferences for mutual fund schemes in the month of Chaitra; Which mutual fund NAV rises most?

Beema Samiti Invites Proposals to Add One More Reinsurance Company in the Country

Prabhu Insurance (PRIN) Wishes to Operate Mutual Fund Schemes; Company's AGM is on Jestha 06

Arun Kabeli reports a massive increment in profitability in Q3; EPS at Rs. 17.09

Nepal’s GDP is expected to grow by 3.1 percent : Asian Development Outlook

Reminder: IPO of NIBL Samriddhi Fund - II (Mutual Fund) Closing Today

Madhya Bhotekoshi to float 60 lakh unit ordinary shares to project affected locals and district residents of Sindhupalchok; IPO process to begin from Baisakh 22

Shangrila Development Bank receives green signal from SEBON to float its 7.50 lakh unit debentures; 10 years maturity debenture to be floated within month of Jestha

Discouraging IPO Fraud, Promoting NRN and Foreign Investors in Secondary Market; Stock Brokers Association Submits List of Suggestion to the Government

Pandemic and Prohibitory Orders Lead Gurkhas Finance (GUFL) to Postpone AGM

Outstanding Rise in NAV and Net Profit in Chaitra for Global IME Samunnat Scheme-1 (GIMES1)

In This Q3, Commercial Banks Bagged over Rs. 50.74 Arba in Total Net Profit; Distributable Profit Surged by Massive 195.1% on Average

Nabil Bank's earn massive Rs 3.67 arba till Q3 with 16.50% growth; Look at the major highlight

Despite stagnant business revenue, NMB Bank Limited able to increase net profit by huge margin in Q3

How to Keep Your Calm During a Stock Market Correction? How to Benefit from It?

Global IME Bank publishes strong Q3 report with 32.40% rise in net profit; Distributable profit stands at Rs 2.56 arba

IPO Shares of Singati Hydro Energy Limited (SHEL) Are Finally Listed in NEPSE; What is the Opening Range?

Prohibitory orders in Kathmandu Valley from Thursday; Will the Stock Exchange Remain Open?

NEPSE Instructs Stockbrokers to Facilitate Timely Payment and Settlement to Smoothen "Trade from Home"

Straight Answers to Straight Questions; Exclusive Interview With Assistant GM Sachindra Dhungana on Upcoming IPO Issue of "NIBL Samriddhi Fund - II"

Impressive Rise in NAV and Net Profit of Siddhartha Equity Fund (SEF) and Siddhartha Investment Growth Scheme 2 (SIGS2) in Chaitra

The Return of Mutual Funds Beats Inflation. Why Aren’t You Investing in Mutual Funds?

It feels like climbing Eiffel Tower while ascending Dharahara, PM says

Finance Minister promises to address genuine concerns of entrepreneurs