Weekly Summary: NEPSE Nearing All-Time High (A Look at Prominent Technical Indicators With In-depth Analysis and Major Highlights)

Fri, Apr 2, 2021 12:28 PM on Stock Market, Weekly Analysis, Featured,

107.67 points volatility was witnessed this week, with the market reaching the highest 2645.49 and the lowest 2537.82. NEPSE index gained 82.92 points (3.25%) in this trading week. Last Week market closed at 2548.97 points and this week closed at 2631.89 points on Thursday.

Candlestick pattern:

Two red candles and two 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). At present, NEPSE Index is above both 5 days EMA and 20 days EMA. Values above moving average signals for bullishness. The golden cross signal was generated by moving average on 21th of March 2021.

Relative Strength Index:

Relative Strength Index is a momentum oscillator that measures between zero and 100. Currently, the Relative Strength Index is at 64.76 level. Traditionally the RSI is considered overbought when above 70 and oversold when below 30. 2645

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- 2608

1st Resistance- 2668                        1st Support- 2571

2nd Resistance- 2705                      2nd Support- 2511

3rd Resistance- 2753                       3rd Support- 2462

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

Weekly Market Summary of NEPSE:

More than 4.70 crore unit shares worth Rs 24.01 Arba has been traded through 2.74 lakh transactions this week. The current market capitalization of NEPSE stands at Rs. 3,635,485.87 Million.

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

The NEPSE index increased by 3.25% this week. The top gainer sector of this week is the Hydropower sector with a rise of 7.76%.

Stock with the highest monthly Beta value from the Microfinance and Non-life insurance

Suryodaya Laghubitta Bittiya Sanstha Limited (SLBS) has the highest monthly Beta value of 2.42 followed by Swabhimaan Laghubitta Bittya Sanstha Limited (SMFBS) and Gurans Laghubitta Bittiya Sanstha Limited (GLBSL) with 2.06 and 1.81 beta value respectively.

Top Ten Gainers of the week:  

Ajod Insurance Limited (AIL) is the top gainer of this week. AIL closed at Rs. 1031 with Rs. 325 (46.03%) 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:

Suryodaya Laghubitta Bittiya Sanstha Limited (SLBS) price has decreased by 9.03% and its LTP stands at Rs. 1965.

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

Upper Tamakoshi Hydropower Limited (UPPER) is the top traded company of the week. A total of Rs. 1.29 Arba worth of UPPER 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 1.94 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 2.00 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:

When Will IPO Shares of Jyoti Life Insurance Trade in NEPSE?

Things to know for prospective investors about IPO of Ru Ru Jalbidhyut Pariyojana Limited; high chance of lottery for 10 units

Still few more days to get completely clear weather

Bids Opened for Auctioned Shares of Sana Kisan Laghubitta (SKBBL); What are the Cut-off Rates?

Kisan Laghubitta (KLBSL) Can Now Be Traded; Company's Clarification Prompts NEPSE to Lift Suspension

Your Last Chance to Grab 10% Bonus Shares of KMCDB

TMS Now Functional for Online Trading; Market Session Extended

TMS is Not Loading; Online Trading Obstructed

Lending Against Current Assets: Issues, Associated Risks, and Way Outs

Bids Received in Auction of CIT's Promoter Shares to Be Opened Today

Nirdhan Utthan Laghubitta (NUBL) Auctioning its Promoter Shares from Today

Do Not Forget: Last Day to Grab Dividend of These Two Companies

Attention: Meroshare Will Be Under Maintenance Mode Tonight for Server Upgrade

Promoter Shares of Jyoti Bikas Bank (JBBL) Converted; What's the New Shareholding Ratio?

NIC ASIA Bank launches Prepaid Dollar Card for Nepalese customers; to enable people to make digital payment for purchase of international goods and services

19% Bonus Shares of VLBS Now Listed in NEPSE

Trading-Suspended Kisan Laghubitta (KLBSL) Declares Book Closure for AGM

1: 1 Rights Issue of HIDCL Finally in SEBON's Pipeline

United Modi Hydropower (UMHL) to Invest for 30% of United Mewa Khola Hydropower (50 MW)

Ajod Insurance (AIL) Calls AGM; Company Issuing 2: 1 Rights Offering

Nepal beats Bangladesh to win Three Nations Cup

Esewa inks MoU with Info Developers; clients of cooperatives and microfinance can now enjoy digital banking services like customers of banks

When Will Non-Allottees of CIT's Auction Be Refunded?

Look at top investment preferences for mutual fund schemes in the month of Falgun; Which mutual fund NAV rises most?

Nepal Doorsanchar Company (NTC) Distributing 40% Cash Dividend from Today

Kathmandu Valley sees running water from Melamchi river

Last trading day to clinch dividend of Nepal Insurance, Green Development Bank and Mithila Laghubitta

Srijana Finance convenes its 20th AGM; endorses proposal of 13.59% dividend and acquisition by Citizens Bank in swap ratio of 95%

Mega Capital comes up with demat and meroshare account in a day scheme; commits to refund application fee in case of delay

Nepal Investment Bank launches NIBL V-Prepaid International Card; customers can now change USD’s into NPR and make hassle-free e-commerce payments of $500

Nepal Rastra Bank Legal Department has organized a one day interaction event to prevent banking fraud

Nepal is An Ideal Travel Destination But Nepalese Do Not Travel; How Can We Change This?