Declining Market Movement During Correction Phase: Weekly Summary with Technical Analysis, Sector Breakdown, Major Highlights, and More

Fri, Mar 12, 2021 9:30 AM on Stock Market, Weekly Analysis,

78.97 points volatility was witnessed this week, with the market reaching the highest 2525.30 and the lowest 2446.33. NEPSE index lost 48.20 points (1.96%) in this trading week. Last Week market closed at 2506.68 points and this week closed at 2458.48 points on Thursday.

Candlestick pattern:

Three red 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 below both 5 days EMA and 20 days EMA. Values below moving average signals for bearishness.

Relative Strength Index:

Relative Strength Index is a momentum oscillator that measures between zero and 100. Currently, the Relative Strength Index is at 47.27 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.  The signal line has crossed the MACD line, this indicates a bearish signal. The histogram is also in the negative zone. Overall MACD is indicating 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

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- 2476 point

1st Resistance- 2506 point               1st Support- 2427 point

2nd Resistance- 2555 point               2nd Support- 2397 point

3rd Resistance- 2594 point               3rd Support- 2357 point

Conclusion: All major indicators are supporting a downtrend.

Weekly Market Summary of NEPSE:

More than 3.20 crore unit shares worth Rs 13.85 Arba has been traded through 1.53 lakh transactions this week. The current market capitalization of NEPSE stands at Rs. 3,387,335.62 Million.


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

The NEPSE index decreased by 1.92% this week. The top gainer sector of this week is the Hotel and Tourism with a rise of 7.61%.

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

Suryodaya Laghubitta Bittiya Sanstha Limited (SLBS) has the highest monthly Beta value of 2.20 followed by Kisan Laghubitta Bittiya Sanstha Limited (KLBSL) and Nepal Infrastructure Bank Limited (NIFRA) with 2.16 and 2.07 beta value respectively.

Top Ten Gainers of the week:  

Chandragiri Hills Limited (CGH) is the top gainer of this week. CGH closed at Rs. 804 with Rs. 199 (32.89%) 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:

Shikhar Insurance Company Limited's (SICL) price has decreased by 28.31% and its LTP stands at Rs 1970.

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

Shikhar Insurance Company Limited (SICL) is the top traded company of the week. A total of Rs. 92.69  crores worth of SICL shares were traded this week.

Top Buyers Brokers of the Week:

Imperial Securities Co.PVT.Ltd (Broker No- 45) was the top buyer broker of this week and it has bought stocks worth Rs 1.33 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 89.42 crores.

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:

IPO of Jyoti Life Insurance Closes With Record Breaking Volume of Applicants; Issue Oversubscribed Over 6.4 Times

"9%, 10 years, Jyoti Bikas Bank Bond 2087" in SEBON's Pipeline

Nepal's Biggest, Reliance Spinning Mills to Issue IPO Via Book Building

MNS Investments Acquires Popular Online Portal Hamrobazar

These 10 New Institutional Investors Will Participate in IPO Book Building Process (With an Entire List of Investors)

When's the Book Closure for 1: 0.5 Rights Offering of Arun Valley Hydropower (AHPC)?

First-Ever Lady Deputy Governor in Nepal's Central Bank

Global IME Bank expands its services further with 6 new branchless banking units; aims to expand banking coverage at every possible rural area with 253 BLB units so far

Pay The Tax Amount to Get 6% Bonus Shares of Tinau Mission Development Bank (TMDBL)

Don't Forget: Last Day to Grab Dividends of These 3 Companies

Heads Up: Three New IPO Issues Added in SEBON's Pipeline

From the Editor: Meroshare Not Loading? You Are Responsible Anyway If You Miss Settlement of Shares

Jyoti Life Insurance's IPO Breaks All-Time Record for Number of Applicants; Still One Day to Go

Arun Valley Hydropower (AHPC) to Issue Right Shares in 1: 0.5 Ratio; 52,41,197 Shares to Be Issued

Mirmire Laghubitta (MMFDB) Calls AGM; What are the Agendas?

Deprosc Laghubitta (DDBL) Calls AGM; When's the Book Closure for Dividend?

ICRA Nepal Gives BBB- Rating to Jeevan Bikas Laghubitta; Says This About the Microfinance Company

Make in Nepal: Swadeshi campaign initiated by Prime Minister KP Sharma Oli

The Investment Strategy That Everyone Knows, Many Believe, But Only a Few Follow

Ladies, wanna invest in sharemarket but worried about your limited knowledge? Nabil Investment Banking to provide free Portfolio Management Service to female clients throughout month of March

Nepal Infra Bank completes its 2nd year of operation; aims to transform the infrastructure sector of the nation

Nepal Hydro Developer Limited (NHDL) Proposes 15.07% Dividend for FY 2076/77; Dividend Also Includes 4% Undistributed Bonus Shares of FY 2074/75

When Will the IPO Shares of Mahila Laghubitta be Listed in NEPSE?

F1 Soft turns 18 years better; currently owns dozen business verticles with 1000 plus innovative employees

Sharesansar's 10th Anniversary: A Look Back in Time and A Look Into the Future of Nepal's Capital Market