Weekly Summary: Technical Analysis, Sectorwise Breakdown, Major Highlights, and More

Fri, Feb 12, 2021 3:26 PM on Stock Market, Weekly Analysis, Featured,

98.36 points volatility was witnessed this week, with the market reaching the highest 2585.15 and the lowest 2486.79. NEPSE index gained 51.66 points (2.09%) in this trading week. Last Week market closed at 2475.26 points and this week closed at 2526.92 points on Thursday.

Pattern Analysis:

The bullish flag pattern is formed. The base of the flag is formed in 1635 and the top of the flag is 2090. The overall height of the flag is 455. The target will be 2550.  

Candlestick pattern:

Two green candles and three red candles were formed this week. Bearish candles were formed on the last three trading days.

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 the 18th of October 2020.

Relative Strength Index:

Relative Strength Index is a momentum oscillator that measures between zero and 100. Currently, the Relative Strength Index is at 70.90 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.  A histogram is in the negative zone. The signal line has crossed the MACD line and the Signal line rises above the MACD line, this indicates a possibility of the start of a bearish signal, which suggests that the Nepse index is likely to experience downward 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

100% - 1888

1.272% - 2108

1.618% - 2383

2.618% - 3179 


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

Pivot Point- 2532 point

1st Resistance- 2578 point               1st Support- 2479 point

2nd Resistance- 2631 point               2nd Support- 2433 point

3rd Resistance- 2680 point               3rd Support- 2383 point

Conclusion:  All major indicators are supporting the market to experience down momentum.


Weekly Market Summary of NEPSE:

More than 8.46 crore unit shares worth Rs 45.26 Arba has been traded through 3.85 lakh transactions this week. The current market capitalization of NEPSE stands at Rs. 3,406,174.50 Million.


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

The NEPSE index increased by 2.09% this week. The top gainer sector of this week is the Finance sector with a rise of 6.54%.

Stock with the highest monthly Beta value from the Microfinance, Insurance & Hydropower

Mahila Sahayatra Laghubitta Bittiya Sanstha Limited (MSMBS) has the highest monthly Beta value of 7.04 followed by Gurans Laghubitta Bittiya Sanstha Limited (GLBSL) and Surrport Laghubitta Bittiya Sanstha Limited (SMB) with 3.50 and 2.85 beta value respectively.

Top Ten Gainers of the week:  

Prabhu Bank Limited Promoter share (PRVUPO) is the top gainer of this week. PRVUPO closed at Rs 200 with Rs 29 (16.96%) 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:

Support Laghubitta Bittiya Sanstha Limited (SMB) price has decreased by 11.69% and its LTP stands at Rs 2115.

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

Prabhu Bank Limited (PRVU) is the top traded company of the week. A total of Rs 1.84 Arba worth of PRVU 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 2.94 Arba.

Top Buyer Brokers Top 10 Bought Companies:

Top Seller Broker of the Week:

Naasa Securities Co.Ltd (Broker No- 58) is the top seller broker for this week. The brokerage firm has sold stocks worth Rs 3.32 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:

Did You Get the Bonus Shares of Chilime Hydropower Company (CHCL) in Your Demat Account?

Green Development Bank (GRDBL) Revises Dividend; Proposes 4% Dividend for FY 2076/77

NEPSE Lifts Trading Suspension of 7 Companies

No Dividend for FY 2076/77: Support Laghubitta (SMB)

Deprosc Laghubitta (DDBL) Proposes 20% Dividend for FY 2076/77; How Much in Bonus Shares and Cash?

Nepal Life Insurance convenes its 20th AGM; endorses 31% bonus shares and 20% cash dividend

Rs. 4 Arba worth of "8.5% Prabhu Bank Debenture 2087" in SEBON's Pipeline

Citizens Bank to Acquire Srijana Finance; Company had previously signed Acquisition Agreement with Sunrise Bank

Vijaya Laghubitta (VLBS) calls SGM; What is their main agenda?

Mahalaxmi Life Insurance gains momentum in life insurance business within 2 years of operation; to float IPO of Rs 60 crore at the earliest

Budget size slashed; spending target limited to Rs 1,344 billion

IPO for project-affected locals of Gulmi District: Ru Ru Jalbidhyut Pariyojana issuing 4,07,705 units IPO shares from Falgun 7

IPO of Greenlife Hydropower Closes with 13,37,942 Applicants; What Are Your Odds of Being Allotted?

Nepal Agro Laghubitta (NAGRO) to be Acquired by Infinity Laghubitta (ILBS)

How Did We Perform As a Nation in The First Six Months of This Fiscal Year? A Quick Summary

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Governor Mr. Adhikari addresses event of Alliance for Financial Inclusion; urges every private and public sector institution to put out combined fight against COVID induced financial crises

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