Weekly Summary: Technical Analysis, Sector-wise Breakdown, Major Highlights, and More

Sat, Aug 21, 2021 5:50 AM on Weekly Analysis, Stock Market, Featured,

-ShareSansar

Nepse index closed at an all-time high of 3180.78 points. The Index made 121.57 points volatility with the market reaching the highest 3226.89 and the lowest 3105.32. The index gained 1.78 points (0.06%) in this trading week. Last week market closed at 3179 points and this week closed at 3180.78 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. 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 69.79 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 MACD line has crossed the signal line and the MACD line is below the signal line, this indicates a possibility of a trend reversal. A histogram is also in the negative zone. MACD is indicating the possibility of downward momentum.

Turnover

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

61.8% - 3004

100% - 3065

161.8% - 3240

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

Pivot Point- 3170

1^st Resistance- 3235 1^st Support- 3114

2^nd Resistance- 3291 2^nd Support- 3049

3^rd Resistance- 3351 3^rd Support- 2988

Conclusion: Overall trend is up but some tools are indicating the possibility of change in trend. Major resistance is at 3240.

Weekly Market Summary of NEPSE:

More than 16.22 crore unit shares worth Rs 97.59 Arba have been traded through 8.87 lakh transactions this week. The current market capitalization of NEPSE stands at Rs. 4,443,180.79 million.

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

The NEPSE index closed at 3,180.78 points with an increment of 0.06% this week. Manufacturing and Products gained the most this week with an increment of 9.28%.

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

Pokhara Finance Limited (PFL) has the highest monthly Beta value of 4.44 followed by Ngadi Group Power Limited (NGPL) and Multipurpose Finance Limited (MPFL) with 4.16 and 3.67 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. 3906.10 with Rs. 1480.6 (61.04%) 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 Losers of the week:

Siddhartha Equity Fund (SEF) price has decreased by 23.13% and its LTP stands at Rs. 12.10.

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

National Hydropower Company Limited (NHPC) is the top traded company of the week. A total of Rs. 3.05 Arba worth of NHPC shares were traded this week.