Weekly Summary: Technical Analysis, Sector-wise Breakdown, Major Highlights, and More

Sat, Aug 21, 2021 5:50 AM on Weekly Analysis, Stock Market, Featured,

Nepse index closed at an all-time high of 3180.78 points. The Index made 121.57 points volatility with the market reaching the highest 3226.89 and the lowest 3105.32. The index gained 1.78 points (0.06%) in this trading week. Last week market closed at 3179 points and this week closed at 3180.78 points on Thursday.

Exponential Moving Average:

Nepse index is above both 5 days EMA and 20 days EMA. Nepse Index above moving average signals for Bullishness. 5 days EMA has crossed its 20 Days EMA forming a Golden crossover pattern. The Golden cross is a technical pattern indicating the potential for a major rally.

Relative Strength Index:

Relative Strength Index is a momentum oscillator that measures between zero and 100. Currently, the Relative Strength Index is at the 69.79 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% - 3004

100% - 3065

161.8% - 3240

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

Pivot Point- 3170

1st Resistance- 3235                  1st Support- 3114

2nd Resistance- 3291                   2nd Support- 3049

3rd Resistance- 3351                   3rd Support- 2988

Conclusion:  Overall trend is up but some tools are indicating the possibility of change in trend. Major resistance is at 3240.

Weekly Market Summary of NEPSE:

More than 16.22 crore unit shares worth Rs 97.59 Arba have been traded through 8.87 lakh transactions this week. The current market capitalization of NEPSE stands at Rs. 4,443,180.79 million.

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

The NEPSE index closed at 3,180.78 points with an increment of 0.06% this week. Manufacturing and Products gained the most this week with an increment of 9.28%. 

Stock with the highest monthly Beta value from the Development Bank and Finance sector

Pokhara Finance Limited (PFL) has the highest monthly Beta value of 4.44 followed by Ngadi Group Power Limited (NGPL) and Multipurpose Finance Limited (MPFL) with 4.16 and 3.67 beta values respectively.

Top Ten Gainers of the week:  

Jeevan Bikas Laghubitta Bittiya Sanstha Limited (JBLB) is the top gainer of this week. JBLB closed at Rs. 3906.10 with Rs. 1480.6 (61.04%) 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:

Siddhartha Equity Fund (SEF) price has decreased by 23.13% and its LTP stands at Rs. 12.10. 

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

National Hydropower Company Limited (NHPC) is the top traded company of the week. A total of Rs. 3.05 Arba worth of NHPC 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. 5.05 Arba.

Top Buyer Brokers Top 10 Bought Companies:

Top Seller Broker of the Week:

Naasa Securities Co. Limited (Broker No- 58) was the top seller broker for this week. The brokerage firm has sold stocks worth Rs 8.72 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:

A Detailed Dive Into Vital Fundamental Figures: Commercial Banks Publish Satisfactory Q4 Report Given the Unique Pandemic-Induced Challenges

Hathway Investment Nepal Wishes to Issue IPO; Calls AGM to Also Endorse 55% Dividend

While the Hydro Frenzy is at its Highest, Hydropower Sector's Regulator Issues a Note of Caution

Asta Laxmi Shakya becomes first woman Chief Minister of Nepal

Rastra Bank to provide research fellowship to Masters, MPhil, and PhD level students of Tribhuvan University; Who all are eligible?

Development Bankers Association (DBAN) demand stockbroker license

Ru Ru Jalvidut Pariyojana Limited (RURU) Proposes 10% Bonus Shares and 10% Cash Dividend

Arun Kabeli Power Limited Proposes 17.89% Dividend; Calls AGM to Also Endorse 1: 1 Rights Offering

Swet Ganga Hydro Company appoints Sanima Capital to function as issue manager for its upcoming IPO of 28.1 MW project

Ngadi Group Power Limited Calls AGM to Endorse Dividend and Rights Proposal; When's the Book Closure?

Tourism Industry Still Struggling To Revive As Evidenced By Earnings Release Of Q4 By Soaltee Hotel Limited

Madhya Bhotekoshi Jalavidyut Company Concludes IPO for Locals with 1,01,028 Applicants

Locals IPO of Nyadi Hydropower Limited Open From Today

FM Janardan Sharma urges cooperatives to invest in productive sector

These Companies Have Urged Shareholders to Claim Due Dividend

Banks Update Interest Rates for Bhadra; What Has Changed?

IPO for project-affected locals of Nuwakot District: Buddha Bhumi Nepal Hydropower issuing 4,00,000 units IPO shares from Today

Global IME Bank Limited Reported Impressive Growth in Major Profitability Indicators In Q4; Look At The Major Highlights

Terhathum Power Company issuing 8 lakh units IPO share to general public from Bhadra 9

How Has The Sales Been For Shivam Cements Limited Amid Second Wave Of Pandemic?

Nabil Bank Limited Reports Impressive Growth In Major Indicators In Q4; Look At The Q4 Highlights

Ngadi Group Power Limited (NGPL) Proposes 21.05% Dividend and 1: 2 Rights Offering

SEBON Approves 10: 3 Rights Proposal of Excel Development Bank (EDBL)

Terhathum Power Company Limited Allots IPO Shares to Locals of Project-Affected Area

Shikhar Insurance Reports Satisfactory Growth In Premium Collection In Q4; What About The Overall Profitability?

Muktinath Bikas Bank Reports Impressive Growth In Major Profitability Indicator In Q4

Api Power Company secures funding for 8 MW Parwanipur Solar Energy Project with Bank of Kathmandu extending loan of Rs 49.50 crore