Part 1: Rundown and Technical Analysis

The NEPSE index closed at 2,113.55 this week after a loss of 26.97 points (1.26%). The index closed at 2,140.52 last week with a gain of 6.10% from the week before.

This week, the index went as high as 2,223.99 and as low as 2109.01, hence witnessing volatility of 114.98 points. The index had seen a volatility of 128.30 points in the previous week.

Analysis of Trend

Trend analysis is a technical analysis method that helps to predict future movement based on the current ongoing trend data. Looking at the daily charts, the short-term trend of the NEPSE index is up.

Candlestick Charting and Volume

This week's market movement has formed a long-headed candle on the weekly candlestick chart. A long-headed candlestick indicates that the sellers are selling after the rise. Last week's candle was a long green candle.

The highest intraday loss was 38.61 points on Thursday with a turnover of Rs 3.77 Arba. This week, highest turnover was on Monday with 4.67 Arba, with a total turnover of 22.99 Arba.

Momentum Indicators

The relative strength index (RSI) is a momentum indicator used in technical analysis that measures the magnitude of recent price changes to evaluate overbought or oversold conditions in the price of a stock or index. Traditional interpretation and usage of the RSI are that values of 70 or above indicate that a security is becoming overbought or overvalued and may be primed for a trend reversal or corrective pullback in price. An RSI reading of 30 or below indicates an oversold or undervalued condition.

The RSI reading on the daily timeframe is 52.78. Meanwhile, the RSI reading on the weekly chart is 42.41.

On the other side of things, the MACD line is in the positive zone, i.e. above zero in the daily timeframe, with the MACD reading at 37.69. The MACD line is above the signal line. MACD line, signal line, and Histogram are above zero. This indicates a bullish sentiment.

Moving Averages

NEPSE index is above both 5 days Exponential Moving Average (EMA) and 20 days EMA. The index above these moving averages signals bullishness. The 5 days EMA is above the 20 Days EMA but both EMA are narrowing.

1,907 to 2,087 zone may act as the nearest support whereas, 2,200 zone will act as resistance.

Part 2: Insight into Important Data

More than 5.41 crores unit shares worth Rs. 22.99 Arba have been traded through 3.39 lakhs transactions this week. The current market capitalization of NEPSE stands at Rs. 3,015,893.96 million.

NEPSE index and Sub-indices performance: (Decline is based on the previous week's close)

The NEPSE index declined by 1.26% this week. Only six sector indices closed green.

Stocks with the highest Monthly Beta

The top 3 companies with the highest beta are Green Development Bank Limited (GRDBL), Shree Investment Finance Company Limited (SIFC) and Singati Hydro Energy Limited (SHEL) with 2.374, 2.271, and 2.255 respectively.

Top Ten Gainers of the week:

Balephi Hydropower Limited (BHL) is the top gainer. BHL closed at Rs. 372 with Rs. 76.9 (26.06%) increment.

Top Ten Losers of the week:

Guheswori Merchant Banking & Finance Limited (GMFIL) price has decreased by 14.61% and its LTP stands at Rs. 350.

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

SSpro

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

Shivam Cements Limited (SHIVM) is the top traded company of the week. A total of Rs. 1.55 Arba worth of SHIVM shares were traded this week.

Top Buyers Brokers of the Week:

Naasa Securities Company Limited (Broker No- 58) was the top buyer broker this week and it has bought stocks worth Rs. 1.41 Arba.

Top 10 Bought Companies:

Top Seller Brokers of the Week:

Naasa Securities Company Limited (Broker No- 58) was the top seller broker for this week. The brokerage firm has sold stocks worth Rs. 1.58 Arba.

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.

SSpro