NEPSE On Losing Streak; What Does Technical Analysis Forecast For Next Week? (Weekly Summary With Sector Analysis, Broker Comparison, and Highlights)


NEPSE index made 150.07 points volatility with the market reaching the highest 2730.75 and the lowest 2580.68. The index lost 145.59 points (5.63%) in this trading week. Last week market closed at 2731.78 points and this week closed at 2586.19 points on Thursday. 

Exponential Moving Average:

NEPSE index is below both 5 days EMA and 20 days EMA. The Index below the moving average signals for Bearishness.  5 days EMA has crossed its 20 Days EMA from above, forming a Dead crossover pattern. The Dead cross is a technical pattern indicating the potential for a downtrend.

Relative Strength Index:

Relative Strength Index is a momentum oscillator that measures between zero and 100. Currently, the Relative Strength Index is at the 34.16 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 Negative 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.


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

38.2% – 2721

50%    – 2671

61.8% – 2621

78.6% – 2552

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

Pivot Point- 2632

1st Resistance– 2684                   1st Support– 2534

2nd Resistance– 2782                   2nd Support– 2482

3rd Resistance– 2857                   3rd Support– 2407

Conclusion: Technical indicators are indicating bearishness. Major support is at 2510.

Weekly Market Summary of NEPSE:

More than 3.98 crore unit shares worth Rs 19.08 Arba have been traded through 2.49 lakh transactions this week. The current market capitalization of NEPSE stands at Rs. 3,635,764.34 million.

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

The NEPSE index decreased by 5.33% this week. All the sectors lost in this week.

Stock with the highest monthly Beta value from the Microfinance and Non-life insurance and Hydropower.

ICFC Finance Limited (ICFC) has the highest monthly Beta value of 2.04 followed by Nepal Bangladesh Bank Limited (NBB) and Sahas Urja Limited (SAHAS) with 1.04 and 0.96 beta values respectively.

Top Ten Gainers of the week:  

Samling Power Limited (SPC) is the top gainer of this week. SPC closed at Rs. 507.50 with Rs. 187 (58.35%) 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:

Global IME Laghubitta Bittiya Sanstha Limited (GILB) price has decreased by 29.97% and its LTP stands at Rs. 1575.

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

Mahalaxmi Bikas Bank Limited (MLBL) is the top traded company of the week. A total of Rs. 1.24 Arba worth of MLBL 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 1.18 Arba.

Top Buyer Brokers Top 10 Bought Companies:

Top Seller Broker of the Week:

Sani Securities Company Limited (Broker No- 42) was the top seller broker for this week. The brokerage firm has sold stocks worth Rs 1.35 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


Major Highlights of the week:

How Did Mutual Fund Perform in the Month of Kartik? A Complete Analysis of Multiple Factors

Government imposes ban on entry of people from nine countries

“10.25% Civil Bank Debenture 2088” Opening From Mangsir 24

Finance Minister Sharma urges production of mobile phones in country

Machhapuchchhre Kriti Capital successfully manages Rs 1 arba worth portfolio; expresses gratitude towards its valued clients for all their trust and cooperation so far

22,07,108 Units of Nabil Debenture 2085 (NBLD85) Listed in NEPSE

Surge in Net Profit of Global IME Samunnat Scheme-1 (GIMES1) in Kartik, “Mega Mutual Fund 1” Also Turns Profitable

Swabhimaan Laghubitta (SMFBS) Calls AGM, When’s the Book Closure for 34% Dividend?

RMDC Laghubitta (RMDC) Proposes 25% Dividend for FY 2077/78, How Much in Bonus Shares and Cash?

Global IME Capital Proposes 70% Bonus Shares and 30% Cash Dividend, AGM Called on Poush 09

UML’s newly elected chairperson Oli and office bearers sworn in

COVID-19 variant Omicron (B.1.1.529): alertness stepped up in Nepal

How Have Microfinance Companies Performed in the First Quarter? A Comprehensive Study of Major Financial Indicators

Top 5 Startups, Products and Rising Star Innovations for the F1Soft ICT AWARD 2021 declared; voting to remain open until Dec 8

NMB Bank Limited (NMB) Calls AGM on Poush 22 to Endorse 15.8% Dividend (Among Other Agendas)

Rise in NAV in Kartik for Mutual Funds of Sanima Capital

Weekly Deposit Shrinks Rs. 7 Billion in Commercial Banks, Lending Expands Twice As Much

IPO in Pipeline: Sikles Hydropower Limited Wishes to Issue 20 Lakh Shares

NCHL reduces transaction fees of connectIPS; to make digital bank transfers more attractive to Nepalese customers

In wake of new variant reported in South Africa, Health Ministry urges people to stay alert

Graduating Nepal to a Middle-income Developing Nation: Opportunities and Challenges

Dividend Distributed By These Companies Have Been Deposited

All Mutual Funds of NMB Capital Report Rise in NAV in Kartik

Nepal’s promotional video released incorporating Nepal’s unique identities for the tourism promotion

Surge in Net Profit and NAV in Kartik for Mutual Funds of NIC Asia Capital

Rise in NAV and Profitability of Mutual Funds of Laxmi Capital

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