NEPSE gain 73.88 Points This Week; Weekly Summary with Technical Analysis, Sector Comparison, Major Highlights, and More

Sat, Mar 27, 2021 9:50 PM on Stock Market, Weekly Analysis,

101.35 points volatility was witnessed this week, with the market reaching the highest 2594.25 and the lowest 2492.90. NEPSE index gained 73.88 points (2.98%) in this trading week. Last Week market closed at 2475.09 points and this week closed at 2548.97 points on Thursday.

Candlestick pattern:

Two red candles and three green candles were formed this week.

Exponential Moving Average:

We have used EMA's of 5 days' time period (blue line), 20 days' time period (red line). Recently, NEPSE Index is above both 5 days EMA and 20 days EMA. Values above shorter moving average signals for an earlier indication of possibilities of starting of bullishness.

Relative Strength Index:

Relative Strength Index is a momentum oscillator that measures between zero and 100. Currently, the Relative Strength Index is at 57.21 level. Traditionally the RSI is considered overbought when above 70 and oversold when below 30. A bearish divergence is seen in RSI as the index is making higher highs but RSI is making lower highs.

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 above 0, this indicates a bullish signal. The histogram is also in the positive zone. Overall MACD is indicating upward 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

23.6% - 2486.55

38.2% - 2368.76

50% - 2273.56

61.8% -2178.36


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

Pivot Point- 2544

1st Resistance- 2597                        1st Support- 2495

2nd Resistance- 2646                      2nd Support- 2442

3rd Resistance- 2697                       3rd Support- 2391

Conclusion: Major resistance is at 2673, a break out of resistance will give confirmation of the continuation of the upper trend.

Weekly Market Summary of NEPSE:

More than 6.31 crore unit shares worth Rs 29.58 Arba has been traded through 3.51 lakh transactions this week. The current market capitalization of NEPSE stands at Rs. 3,520,227.54 Million.

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

The NEPSE index increased by 2.98% this week. The top gainer sector of this week is the Hotel and Tourism with a rise of 26.06%.

Stock with the highest monthly Beta value from the Microfinance

Suryodaya Laghubitta Bittiya Sanstha Limited (SLBS) has the highest monthly Beta value of 2.42 followed by Asha Laghubitta Bittiya Sanstha Limited (ALBSL) and Swabhimaan Laghubitta Bittya Sanstha Limited (SMFBS) with 1.74 and 1.74 beta value respectively.

Top Ten Gainers of the week:  

Chandragiri Hills Limited (CGH) is the top gainer of this week. CGH closed at Rs. 2079 with Rs. 787 (60.91%) 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:

Arun Valley Hydropower Development Company Limited's (AHPC) price has decreased by 23.68% due to 50% right share adjustment and its LTP stands at Rs. 245.

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

Nepal Infrastructure Bank Limited (NIFRA) is the top traded company of the week. A total of Rs. 2.49 Arba worth of NIFRA 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 2.53 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 2.06 crores.

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:

Shares Listed: 52,01,330.63 Bonus Shares of SRBL

Finally! IPO Allotment of Jyoti Life Insurance Will Happen Tomorrow; At What Time Exactly?

Kalika Laghubitta (KMCDB) Calls AGM; When's the Book Closure for 10% Bonus Shares?

Siddhartha Insurance (SIL) Proposes 15.78% Dividend for FY 2076/77; How Much in Bonus Shares and Cash?

Rise in NAV and Net Profit of Citizens Mutual Fund-1 (CMF1) and Citizens Mutual Fund-2 (CMF2) in Falgun

Sanima Large Cap Fund Still in Loss; Sanima Equity Fund's Monthly Net Profit Surpasses 1 Arba Threshold

PM calls for alertness in wake of rise in infection

Two companies receive subsidy return for their energy-efficient machinery installation; Banijya Bank makes payment on behalf of Energy Efficiency Program Nepal funded by German Government

30,82,626.53 units bonus share of National Life Insurance Company Limited (NLICL) now listed

Premier Insurance auctioning 1,03,700 units promoter shares of Citizen Investment Trust from 11th Chaitra

IPO Alert: Ru Ru Jalbidhyut Limited issuing IPO shares to general public from Chaitra 20 at premium

Khalti to enable its users to make online payment while renewing meroshare and demat account; to end hassle of visiting DPs in person

Exchange Suspends Trading of KLBSL; This is Why

Singati Hydro Closes IPO Issue With Second-Highest Volume of Applicants Ever

Nagarik Stock Dealer Can Only Invest in These 39 Companies; This is Why

Butwal Power Company's Subsidiary Project Signs PPA With Nepal Electricity Authority

Aarambha Chautari (ACLBSL) Calls AGM; Agenda to Endorse Dividend, Share Swap Ratio, and Elect Board Members

IPO Allotment for Locals Completed: Ru Ru Jalbidhyut Pariyojana Allots Shares As High As 30 Units Per Applicant

CZBIL and TMDBL to Commence Joint Operation from Chaitra 14

26,74,787 Bonus Shares of BPCL Now Listed in NEPSE

NIC Asia Bank Auctioning Promoter Shares of NLICL and CIT

Esewa Money Transfer partners with Moneygram for more convenient remittance transfer from 200 plus countries; amount receivable at any bank account and Esewa wallet and 8000 plus agents

Do Not Miss Your Last Chance to Grab the Dividend of PIC

NCHL welcomes Mr. Ram Bahadur Manandhar as new Chairman; Mr. Manandhar represents Nepal Rastra Bank on the board

Looking to build your career in agro sector? Mega Bank to extend subsidized loan to tomato cultivators around Kathmandu

Reminder: Your Last Chance to Grab the Dividend of These 3 Companies

Sunrise Bluechip Fund raises Rs 1.23 arba within stipulated time; Know how many total applicants have applied

After Completion of Merger, WOMI will Trade in NEPSE from Tomorrow; 5,07,420 Shares Added

NIFRA Clarifies About Bond Listing in London Stock Exchange: "Investors Knew About it the Whole Time!"

Reminder: Last Day to Be Eligible to Claim the Right Shares of Arun Valley Hydropower (AHPC)

CDC, FMO, and SDC jointly launch Nepal Invest; aims to accelerate investment in Nepal

Sunrise Bluechip Fund closing its IPO today; fund manager commits for 22.38% annual return on investment