On Sunday, the NEPSE index fell by 40.57 points ( fell by 1.41% ) to 2836.17. Of the 228 scrips traded, 13 rose, 175 declined and 3 remained unchanged.
Of the 13 sub-groups traded, share prices of all 13 sub-groups declined.
Market capitalization has declined to Rs. 4 trillion 8 billion.
Top transactions
Technical Analysis
Technical Analysis Indicators
1. Bollinger Bands:
The analysis shows that the difference between the upper and lower bands of the Bollinger Bands has decreased (today's difference: 235.16) which indicates that the volatility in the market has decreased today. The market closed below the middle band (2857.82) today, which indicates that the market could test the lower band.
2. Moving Average Convergence Divergence
Moving Average Convergence Divergence analysis shows that the MACD line and the signal line are above the zero line. The histogram is at 11.12. The MACD line has come down from 57.32 points to 51.89 points. The signal line is seen to be reduced. Both the MACD line and the signal line seem to be moving downwards, which means that the market may see a correction or sideways move in a few days.
3. Directional movement
The Directional Movement Indicator showed that the +14 DMI line has decreased while the -14 DMI line has increased and at the same time the ADX line has decreased by a small number. Which seems to be a correction in the market in a few days.
4. Candlestick:
In Nepse today, Bearish Maraboju is the type of candlestick which indicates Bearish market.
5. Cumulative AD Line:
The cumulative AD line has been reduced from yesterday 1742 to 1904. The total volume of Nepse stood at 9,396,131 which is 86 percent of the 21-day moving average volume (10,940,516.33).
Nepse has closed below the middle band today, which seems to have increased the selling in the market. The MACD line is above the zero line and the signal line is also above the zero line while the histogram is at 10.89. The MACD line can be seen below the signal line and the selling seems to have increased. The -14 DMI line has increased while the +14 DMI line and ADX line have decreased which indicates an increase in selling momentum in the market. RSI today fell from 59.01 to 54.42 which indicates a slight decline in RSI momentum.
Support near the next day of Nepse seems to be the area of the lower band 2760, the nearest barrier of Nepse is the area of 2925 and 2972 (upper band). If the market corrects in a few days, it seems that the lower band can take support in the area.
Source: laltin.com
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