NEPSE Gained 225.21 Points This Week, What Does Technical Analysis Say About Upcoming Trend Tendency?

Fri, Oct 29, 2021 3:48 PM on Weekly Analysis, Stock Market,

NEPSE index made 260.26 points volatility with the market reaching the highest 2806.65 and the lowest 2546.39. The index gained 225.21 points (8.81%) in this trading week. Last week market closed at 2556.95 points and this week closed at 2782.16 points on Thursday.

Exponential Moving Average:

NEPSE index is above both 5 days EMA and 20 days EMA. The 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 56.21 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 negative zone but the histogram is in the positive zone.  The MACD line has crossed the signal line and the MACD line is above the signal line, this indicates a possibility of a trend reversal.  MACD is indicating the possibility of 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

38.2% - 2761

50%    - 2850

61.8% - 2938

78.6% - 3065

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

Pivot Point- 2711

1st Resistance- 2877                    1st Support- 2617

2nd Resistance- 2971                   2nd Support- 2451

3rd Resistance- 3101                   3rd Support- 2321

Conclusion:   All major technical indicators are supporting the uptrend. Major resistance is at the 2900 level.

Weekly Market Summary of NEPSE:

More than 4.65 crore unit shares worth Rs 25.40 Arba have been traded through 2.99 lakh transactions this week. The current market capitalization of NEPSE stands at Rs. 3,894,926.59 million.

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

The NEPSE index increased by 8.81% this week. The Finance sector gained 19.69% this week while the Investment sector gained the least 3.65% in value.

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

Radhi Bidhyut Company Limited (RADHI) has the highest monthly Beta value of 1.15 followed by Nepal Hydro Developer Limited (NHDL) and Best Finance Limited (BFC) with 1.13 and 1.05 beta values respectively.

Top Ten Gainers of the week:  

Best Finance Company Limited (BFC) is the top gainer of this week. BFC closed at Rs. 586 with Rs. 185 (46.13%) 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:
Mero Microfinance Laghubitta Bittiya Sanstha Limited's (MERO) price has decreased by 13.22% and its LTP stands at Rs. 1471. 

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

Nabil Bank Limited (NABIL) is the top traded company of the week. A total of Rs. 1.20 Arba worth of NABIL shares was 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 2.11 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 1.77 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:

Nepal Ranked Eighth in Top Ten Countries to Visit in 2022

Unnati Sahakarya Laghubitta (USLB) Proposes 32% Bonus Shares for FY 2077/78

Madhya Bhotekoshi's IPO Allotment Concludes; Only 1 in Every 3 Applicants Get 10 Unit Shares on Meroshare

Despite Improvement In Revenue In Q1 Chandragiri Hills Reported Net Loss

Deprosc Laghubitta Reports Decline In Net Profit In Q1; Look At The Major Financial Indicators

IPO Shares Listed: Terhathum Power Company (TPC) and Sahas Urja Limited (SAHAS)

Securities Board of Nepal Invites Sealed Application for Vacant Post of Chairman

Gurans Life Insurance (GLICL) Calls AGM to Endorse Dividend, When's the Book Closure?

NADEP Laghubitta (NADEP) Proposes 21.053% Dividend for FY 2077/78

Ganapati Laghubitta (GMFBS) proposes 20% dividend for FY 2077/78; How much in bonus shares and cash?

New power tariff targeting poor and low-income class

How Did Mirmire Laghubitta Perform Till The First Quarter? Look At the Major Highlights

Shareholders Get Cash Dividend Without Clear Details, SEBON Urges Companies to Avoid Confusion

Nabil Balanced Fund III: Listing Update

Lumbini Bikas Bank (LBBL) Proposes 13.712% Dividend for FY 2077/78

Bank of Kathmandu Limited (BOKL) Proposes 14% Dividend for FY 2077/78

Gold Loses Rs. 600 Per Tola in Nepalese Market, Trading Today at Rs. 92,000

IPO Allotment This Friday: Madhya Bhotekoshi Jalavidyut Company Limited

Inflation Lower than Same Period in Previous Fiscal Year, Remittance Inflow Down 6.3%

Transaction Worth NRs. 41.2 Kharba Processed Through NCHL Systems in First Quarter

Last Day to Grab 19.47% Dividend of Kamana Sewa Bikash Bank (KSBBL)

Samling Power Company Concludes IPO Issue With 22,65,698 Hopeful Applicants

Commercial Banks See Decrement in Total Deposit in First Week of Kartik, Lending Fairly Constant

NIC Asia Bank (NICA) Proposes 15% Bonus Shares and 0.78947% Cash Dividend for FY 2077/78

Nepal Rastra Bank Fines Commercial Banks and Finance Companies For Failing to Meet Requirements

Siddhartha Bank Limited (SBL) Proposes 15% Dividend for FY 2077/78

Nepal Bank Limited (NBL) Proposes 17% Dividend for FY 2077/78; How Much is Bonus Shares and Cash?

Do Not Forget: Last Day to Apply for IPO of Samling Power Company Limited

India's Unicorn IPO Streak Continues, Paytm's IPO to Be India's Biggest-Ever

Gold Gains Rs. 400 Per Tola, Silver Trading at Rs. 1,260

Support Laghubitta (SMB) Proposes 31.5789% Dividend for FY 2077/78

What Boosted The Net Profit Of Best Finance In Q1? Look At the Financial Highlights

CBIL Capital holds its 15th AGM; endorses decision to provide 25% cash dividend to shareholders

Reminder: Last Day to Grab Dividend of These Companies