NEPSE Concludes the Week On Indecisive Note; Weekly Summary with Chart Analysis, Sector Comparison, and Highlights

Fri, Jul 2, 2021 3:20 PM on Stock Market, Weekly Analysis,

This week Nepse Index made a 118.68 points volatility with the market reaching the highest 2900.89 and the lowest 2782.21. On Monday the index reached a high of 2900.89. The index closed at the same point as last week. Last week the market closed at 2843 points and this week also closed at 2843 points.

Candlestick pattern:

This week spinning top candle has formed on a weekly chart. The candlestick pattern represents indecision about the future direction. Neither the buyers nor the sellers could gain the upper hand. The buyers pushed the price up during the period, and the sellers pushed the price down during the period, but ultimately the closing price ended up very close to the open.

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 below both 5 days EMA and 20 days EMA. Values below moving average signals for bearishness. Recently, 20-days Moving Average has crossed above its 5-days Moving Average from below forming a Dead crossover.

Relative Strength Index:

Relative Strength Index is a momentum oscillator that measures between zero and 100. Currently, the Relative Strength Index is at the 47.95 level. Traditionally the RSI is considered overbought when above 70 and oversold when below 30. A formation of bearish divergence is seen in RSI on the weekly chart as the index is making higher highs but RSI is making higher lows.

Moving Average Convergence and Divergence:

MACD line (blue) and the signal line (red line) are in the negative zone. MACD line is below the signal line. A histogram is also in the negative zone. Overall MACD is indicating downward momentum.


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

Pivot Point- 2841

1st Resistance- 2901                   1st Support- 2783

2nd Resistance- 2959                   2nd Support- 2723

3rd Resistance- 3018                    3rd Support- 2664

Conclusion: Spinning top candle formation on weekly charts indicates to be low sideways market next week. Major support of Nepse is at 2750.

Weekly Market Summary of NEPSE:

More than 10.33 crore unit shares worth Rs 34.16 Arba have been traded through 3.77 lakh transactions this week. The current market capitalization of NEPSE stands at Rs. 3,949,617.56 Million.

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

The NEPSE index closed at the same level of 2,843 points this week. Microfinance gained the most this week with an increment by 1.92%.

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

Best Finance Limited (BFC) has the highest monthly Beta value of 3.34 followed by Pokhara Finance Limited (PFL) and Green Development Bank Limited (GRDBL) with 3.11 and 3.08 beta values respectively.

Top Ten Gainers of the week:  

Oriental Hotes Limited (OHL) is the top gainer of this week. OHL closed at Rs. 673 with Rs. 113 (20.18%) 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:

Sagarmatha Insurance Company Limited (SIC) price has decreased by 13.18% and its LTP stands at Rs. 1383. Note: SIC 11% bonus dividend adjusted on 1st July, 2021. 

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

Nepal Insurance Company Limited (NICL) is the top traded company of the week. A total of Rs. 1.41 Arba worth of NICL 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 2.43 Arba.

Top Buyer Brokers Top 10 Bought Companies:

Top Seller Broker of the Week:

Vision Securities Pvt.Limited (Broker No- 34) was the top seller broker for this week. The brokerage firm has sold stocks worth Rs 1.63 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:

IPO of Manakamana Smart Laghubitta Oversubscribed 21.93 Times on First Day Itself

Nepal's Central Bank Is Not on Facebook; All Pages Pretending to Be Nepal Rastra Bank Are Fake

Gold Gains Rs. 800 Per Tola Overnight; Silver Follows Suit

Things to know for prospective investors about IPO of Manakamana Smart Laghubitta; IPO opens from today

SEBON Approves Debenture Proposals of Laxmi Bank and Machhapuchchhre Bank

IPO of Jeevan Bikas Laghubitta Closes With Record Breaking Volume of Applicants

Union Life Insurance Company issuing 64.50 lakh units IPO share to general public from Ashad 24

Citizens Bank Declares Book Closure Date for Joint Operation with Srijana Finance

Phase of digital economy begins: Finance Minister Bishnu Poudel

Finance Ministry's Deputy Secretary Mainali To Chair the Nepal Stock Exchange

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

Trade Like a Monk and Profit Like a Casino: Opinion Piece by Samin Gurung

IPO Update: Union Life Insurance Gets SEBON's Approval to Issue 64.5 Lakh Shares

Sunrise Bluechip Fund Sees First Profitable Month; Rise in NAV of Both Mutual Funds of Sunrise Capital in Jestha

Coca-Cola supports shop owners to bounce back after COVID lockdown; to provide quick and convenient ordering services through WhatsApp connecting Retailers and Distributors

World Bank provides Rs 17.78 billion concessional loan to support Nepal’s resilient recovery from COVID-19 pandemic

How Do Cognitive Biases Affect Your Decision Making?

Non-Resident Nepali Association and a social e-commerce start-up company, Sagoon, agree for collaboration

Upper Tamakoshi Hydropower project to come online within July 15