Bullish Reversal or Bearish Continuation? Weekly Summary with Sector Analysis, Review of Top Market Movers, Highlights, and More

Fri, Mar 19, 2021 5:27 PM on Stock Market, Weekly Analysis, Featured,

106.7 points volatility was witnessed this week, with the market reaching the highest 2476.36 and the lowest 2369.66. NEPSE index gained 16.61 points (0.68%) in this trading week. Last Week market closed at 2458.48 points and this week closed at 2475.09 points on Thursday.

Candlestick pattern:

Three red candles and two green candles were formed this week. A clean shaved green candle was formed on the last trading day.

Exponential Moving Average:

We have used EMA's of 5 days' time period (blue line), 20 days' time period (red line). Recently, NEPSE Index is above both 5 days EMA and 20 days EMA. Values above shorter moving average signals for an earlier indication of possibilities of starting of bullishness. 20 days EMA is below 5 Days EMA so, need to wait till 5 days EMA to cross 20 days EMA.

Relative Strength Index:

Relative Strength Index is a momentum oscillator that measures between zero and 100. Currently, the Relative Strength Index is at 51.33 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- 2440 point

1st Resistance- 2511 point               1st Support- 2404 point

2nd Resistance- 2547 point               2nd Support- 2333 point

3rd Resistance- 2600 point               3rd Support- 2279 point

Conclusion: Major support is at 2370, a break out of support will give confirmation of the continuation of the downtrend.

Weekly Market Summary of NEPSE:

More than 4.88 crore unit shares worth Rs 20.61 Arba has been traded through 2.62 lakh transactions this week. The current market capitalization of NEPSE stands at Rs. 3,417,344.72 Million.

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

The NEPSE index remained stagnant this week. The top gainer sector of this week is the Hotel and Tourism with a rise of 19.28%.

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

Suryodaya Laghubitta Bittiya Sanstha Limited (SLBS) has the highest monthly Beta value of 1.94 followed by Samriddhi Finance Company Limited (SFCL) and Kisan Laghubitta Bittya Sanstha Limited (KLBSL) with 1.92 and 1.79 beta value respectively.

Top Ten Gainers of the week:  

Chandragiri Hills Limited (CGH) is the top gainer of this week. CGH closed at Rs. 1292 with Rs. 488 (60.70%) 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:

Nepal Hydro Developer Limited's (NHDL) price has decreased by 21.28% and its LTP stands at Rs 307 and this is due to the 15% bonus dividend adjustment of this company.

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

Nepal Infrastructure Bank Limited (NIFRA) is the top traded company of the week. A total of Rs. 1.29 Arba worth of NIFRA 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 1.38 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 1.09 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:

Singati Hydropower Issuing IPO From Chaitra 06; Everything You Need to Know About the Company

1,40,510 Promoter Shares of PIC Converted, Promoter: Public Shareholding Ratio Now 51: 49

50,69,582 Bonus Shares and 22,829 Right Shares of NBB Now Listed in NEPSE

IPO Issues of These Companies are Newly Added in SEBON's Pipeline; A Brief Look at the Companies

Deadline Extended for "Sunrise Bluechip Fund"; Fund Projects to Provide 22.38% Annual Dividend

Investors: "Trade From Home" Isn't Fun Anymore; When Will Broker Offices Open Their Trading Floor and Ticker Screen?

"9.50% NCC Rinpatra 2086" to Open from Chaitra 13th

Nepal Investment Bank launches its own mobile wallet service Thaili; to provide Thaili overdraft service to small businesses

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

NIFRA's Bond Will be Listed in London Stock Exchange? NEPSE Demands Clarification

Issue Manager Signing Ceremony Concludes; Sarbottam Cement to Issue IPO Via Book Building

NAV Rises, Profit Jumps for Sunrise First Mutual Fund (SFMF) in Falgun

Nepal Oil Corporation (NOC) hikes price of petroleum products

New digital wallet Icash receives final nod from Rastra Bank; to begin its operation soon

Two IPO Shares Make Their Debut Today; Investors Scrambling to Grab a Piece of the Sure-Profit Stocks

IPO Shares of Mahila Laghubitta (MLBSL) Now Listed; Price Can Reach As High As Rs. 939 on the First Day Itself

IPO Shares of Green Life Hydropower (GLH) Finally Listed; At What Price Will It Open Tomorrow?

Shares of RBCL Now Freed for Trading

Suryodaya Laghubitta (SLBS) Proposes 16.15% Dividend for FY 2076/77; How Much in Bonus Shares and Cash?

Golchha Group financially supports construction of EV by Thapathali Campus Engineering students; Nepali made EV to participate in global competition

Shivam Cement becomes first and only brand to produce 43 grade OPC cement in Nepal; company’s focus on quality receives acknowledgment from Nepal Government

Kumari Bank signs agreement with Merina Impex; MoU to enable bank’s card users to receive attractive discount of 20% at popular tailoring chain

Commercial Banks Raise Interest Rates After So Long; Is This Responsible for NEPSE's Decline?

Sunrise Bluechip Fund Will Bet on NEPSE's Best Performers: Interview with Sunrise Capital CEO Bijaya Lal Shrestha

When Will Shares of Greenlife Hydropower and Mahila Laghubitta be Listed in NEPSE?

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