NEPSE Concludes the Week at All-Time High (Technical Analysis of NEPSE Index With Sector Comparison and Major Highlights)

Fri, Aug 13, 2021 1:39 PM on Weekly Analysis, Stock Market,

-ShareSansar

Nepse index closed at an all-time high of 3179 points. The Index made 98.10 points volatility with the market reaching the highest 3197 and the lowest 3098.90. The index gained 71.55 points (2.30%) in this trading week. Last week market closed at 3107.45 points and this week closed at 3179 points on Thursday.

Exponential Moving Average:

Nepse index is above both 5 days EMA and 20 days EMA. Nepse 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 76.70 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 Positive zone. The signal line has crossed the MACD line, this indicates a bullish signal. A histogram is also in the positive zone. MACD is indicating upward momentum.

Turnover

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

Pivot Point- 3158

1^st Resistance- 3218 1^st Support- 3119

2^nd Resistance- 3257 2^nd Support- 3059

3^rd Resistance- 3356 3^rd Support- 2960

Conclusion: Index Closing at an all-time high point indicates the market is in an uptrend and the possibility to make a new high in the coming days.

Weekly Market Summary of NEPSE:

More than 16.75 crore unit shares worth Rs 79.26 Arba have been traded through 7.13 lakh transactions this week. The current market capitalization of NEPSE stands at Rs. 4,437,270.53 million.

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

The NEPSE index closed at 3179 points with an increment of 2.30% this week. Development Bank gained the most this week with an increment of 14.50%.

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

Excel Development Bank Limited (EDBL) has the highest monthly Beta value of 2.75 followed by Sindhu Bikas Bank Limited (SINDU) and Pokhara Finance Limited (PFL) with 2.48 and 2.31 beta values respectively.

Top Ten Gainers of the week:

Jeevan Bikas Laghubitta Bittiya Sanstha Limited (JBLB) is the top gainer of this week. JBLB closed at Rs. 2425.5 with Rs. 919 (61.03%) increment.

All the analysis is done with the SS Pro Software. To know more about the software, click on the link below

SSpro

Top Ten Loser of the week:

Janautthan Samudayic Laghubitta Bittiya Sanstha Limited's (JSLBB) price has decreased by 6.66% and its LTP stands at Rs. 3590.

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. 3.11 Arba worth of UPPER shares were traded this week.