NEPSE Went Through Pullback This Week; Technical Analysis of NEPSE Index With Sector Analysis and Major Highlights

Fri, Aug 27, 2021 3:58 PM on Weekly Analysis, Stock Market, Featured,

NEPSE Index made 92.42 points volatility with the market reaching the highest 3186.47 and the lowest 3094.05. The index lost 86.73 points (2.73%) in this trading week. Last week the market closed at 3180.78 points and this week closed at 3094.05 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.

Relative Strength Index:

Relative Strength Index is a momentum oscillator that measures between zero and 100. Currently, the Relative Strength Index is at the 51.39 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- 3116

1st Resistance- 3164                  1st Support- 3046

2nd Resistance- 3234                 2nd Support- 2998

3rd Resistance- 3352                  3rd Support- 2939

Conclusion:  Longer-term trend is up but the short-term trend is in the correction phase. Support is at 3000 levels.

Weekly Market Summary of NEPSE:

More than 6.66 crore unit shares worth Rs 41.63 Arba have been traded through 4.06 lakh transactions this week. The current market capitalization of NEPSE stands at Rs. 4,323,597.24 million.

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

The NEPSE index closed at 3094.05 points with a decline of 2.73% this week. Finance gained the most this week with an increment of 4.57%. 

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

Ankhukhola Hydropower Company Limited (AKJCL) has the highest monthly Beta value of 4.35 followed by Multipurpose Finance Company Limited (MPFL) and Ngadi Group Power Company Limited (NGPL) with 4.16 and 3.97 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. 3906.1 with Rs. 1292 (33.10%) increment.

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


Top Ten Loser of the week:

Hydroelectricity Investment and Development Company Limited's (HIDCL) price has decreased by 12.79% and its LTP stands at Rs. 450. 

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

Arun Hydropower Development Company Limited (AHPC) is the top traded company of the week. A total of Rs. 2.15 Arba worth of 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. 2.15 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 2.63 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:

Mega Capital's First Mutual Fund Issue Concludes With Highest Number of Applicants Ever; Fund to Be Resized to 125% of Initial Size

IPO of Terhathum Power Company Oversubscribed Over 23.52 Times As of Second Day

Central Bank Unveils Current Macroeconomic and Financial Situation of Nepal Based on Annual Data of 2020/21

Non-Life Insurance Companies Fared Through the Pandemic-Challenge Impressively; Comparative Study of Major Fundamentals in Q4

IPO of Terhathum Power Company Oversubscribed 10 Times on First Day Itself

How Have Life Insurance Companies Performed Amid The Second Wave of Pandemic? Comparative Study of Fundamentals in Q4

This is the Nepal Rastra Bank's Revised Directive to Ease Transition from Pandemic-Ensued Banking Economy

IPO to Locals of Nyadi Hydropower Limited Subscribed More than 50%

Nepal Stock Exchange (NEPSE) Chief Executive Officer Chandra Singh Saud resigns

IPO Open: Terhathum Power Company Issuing 8 Lakh Units IPO Shares From Today

Central Bank Unveils Intriguing Data: 67.3% of Nepalese Have At Least One Bank Account; Women Are More Actively Involved in Banking Than Men

Is the Stock Price Boom in Finance Sector Justified By Their Performance in Q4? An Elaborate Comparison of the Vital Fundamentals

NEPSE Suspends Khani Khola Hydropower (KKHC) Amidst Controversial Financial Report and Dubious Market Activity

When's the Book Closure for 50% Dividend of Sunrise First Mutual Fund (SFMF)?

Ru Ru Jalvidut Pariyojana Limited (RURU) Calls AGM to Endorse Dividend; When's the Book Closure?