NEPSE Ventured Into New Territory This Week With All-Time High (Technical Analysis With Weekly Wrap Up and Major Highlights)

Fri, Jul 30, 2021 3:49 PM on Stock Market, Weekly Analysis,

Nepse Index closed at all-time high points at 3079.83 this week.  The Index made 109.18 points volatility with the market reaching the highest 3111.28 and the lowest 3002.10. The index traded above 3000 levels all through this week. On Wednesday, the index reached a high of 3111.28. The index gained 75.52 points (2.51%) in this trading week. Last week market closed at 3004.31 points and this week closed at 3079.83 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. Recently, 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 69.48 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 signal line has crossed the MACD line, this indicates a bullish signal. A histogram is also in the positive zone.  MACD is indicating upward momentum.


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

Pivot Point- 3064

1st Resistance- 3126                    1st Support- 3017

2nd Resistance- 3173                   2nd Support- 2955

3rd Resistance- 3282                    3rd Support- 2846

Conclusion:  Index Closing at an all-time high point indicates the market is in an uptrend and the possibility to make a new high in the coming days.

Weekly Market Summary of NEPSE:

More than 16.75 crore unit shares worth Rs 67.74 Arba have been traded through 6.53 lakh transactions this week. The current market capitalization of NEPSE stands at Rs. 4,284,164.09 Million.

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

The NEPSE index closed at 3079.83 points with an increment of 2.51% this week. Hotel and Tourism gained the most this week with an increment of 7.89%. 

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

Ngadi Power Company Limited (NGPL) has the highest monthly Beta value of 2.57 followed by Khani Khola Hydropower Company Limited (KKHC) and Panchthar Power Company Limited (PPCL) with 2.55 and 2.37 beta values respectively.

Top Ten Gainers of the week:  

Ridi Hydropower Development Company Limited (RHPC) is the top gainer of this week. RHPC closed at Rs.729 with Rs. 173 (31.12%) 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:
Laxmi Unnati Kosh's (LUK) price has decreased by 20.28% and its LTP stands at Rs. 12.50. 

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

United Modi Hydropower Limited (UMHL) is the top traded company of the week. A total of Rs. 1.46 Arba worth of UMHL 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. 4.32 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 4.26 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


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