Kathmandu: When analyzed on the basis of trend, momentum and volatility, the listed 141 scripts have shown a bullish sign. According to the data provided by share screening software 'Smart Wealth Pro', 70 scripts have momentum bullish. Similarly, 70 neutrals have been seen while only one company has shown a bearish sign based on momentum.

 All scripts have shown a bullish sign based on Volatili. On the other hand, bullish trend is seen in 132 out of 141 companies. The remaining 9 are neutral. Based on these 3 indicators, the trend analysis of the overall companies has been done. It is not possible to analyze the trend of those companies based on only 1 or 2 indicators showing a bullish or bearish sign.

Therefore, the overall trend of the companies has been analyzed based on 3 very important movement, volatility and trend. Due to the growth seen in the stock market on Tuesday, many companies have shown a bullish sign. Likewise, if the market will increase, other companies will also show bullish signs.

The market, which reached 3048 when traders booked profits, is now above 2600

However, bank interest rates are decreasing, as are the factors affecting the stock market. Rastra Bank has also created a stock market friendly policy. Due to this, the stock market experts say that the market will not fall too heavily.

A bullish crossover on the MACD line in Stock Market of Nepal

Moving Average Convergence Divergence (MACD) line has given a bullish crossover on the daily chart of NEPSE. MACD line has given a bullish crossover after 26 trading days. If the MACD (blue) line crosses the signal line and moves upwards, it is called a bullish crossover. This means that the market is holding a positive sign.

The MACD line is minus 22.19, the signal line is minus 36.78 and the histogram is at 14.59 points. Now the hysterogram has also become positive. On the other hand, the Bollinger band has also reached above the middle band. Similarly, RSI has also reached 54.99 points. RSI is considered overbought when it is above 70 and oversold when it is below 30.