Weekly Summary: NEPSE Closed With the Highest Weekly Turnover in History (Technical Analysis of Index with Sector Comparison and Highlights)

Fri, Jun 11, 2021 11:18 AM on Stock Market, Weekly Analysis,

120.93 points volatility was witnessed this week, with the market reaching the highest 3005 and the lowest 2884.07. NEPSE index gained by 88.08 points (3.08%) in this trading week. Last week market closed at 2856.7 points and this week closed at 2944.78 points on Thursday.

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. Nepse index above moving average signals for Bullishness. GOLDEN CROSS on 2nd May 2021 is still valid. 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 73.23 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. MACD line rises above the signal line, 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

261.8% - 3180

161.8% - 2922

100% - 2760

78.6% - 2704

61.8% - 2660


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

Pivot Point- 2944

1st Resistance- 3004                    1st Support- 2883

2nd Resistance- 3065                   2nd Support- 2823

3rd Resistance- 3125                    3rd Support- 2762

Conclusion:  All major indicators are supporting an uptrend but major support is at 2760 for this week.

Weekly Market Summary of NEPSE:

More than 17.05 crore unit shares worth Rs 83.13 Arba have been traded through 7.83 lakh transactions this week. The current market capitalization of NEPSE stands at Rs. 3,936,743.42 Million.

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

The NEPSE index increased by 3.08% this week. The highest gaining sector of this week is the Finance sector with a rise of 25.01%.

Stock with the highest monthly Beta value from the Microfinance, Hydropower, Development Bank and Non-Life Insurance 

Miteri Development Bank Limited (MDB) has the highest monthly Beta value of 3.69 followed by Saptakoshi Development Bank Limited (SAPDBL) and Mahalaxmi Bikas Bank Limited (MLBL)  with 3.05 and 2.94 beta value respectively.

Top Ten Gainers of the week:  

Ridi Hydropower Development Company Limited (RHPC) is the top gainer of this week. RHPC closed at Rs. 633 with Rs. 238 (60.25%) 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:
Chhimek Laghubitta Bikas Bank Limited Promoter Share (CBBLPO) price has decreased by 34.45% and its LTP stands at Rs. 918.

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

Nepal Reinsurance Company Limited (NRIC) is the top traded company of the week. A total of Rs. 4.09 Arba worth of NRIC 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 5.08 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 5.02 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