NEPSE support Zone on chart "There is no bullish movement in the market yet"

Mar Mon 2024 03:46:50

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NEPSE support Zone on chart "There is no bullish movement in the market yet"

Kathmandu. On the second trading day of the week, the Nepal Stock Exchange (NEPSE) increased by a few points. The NEPSE index increased by 3.27 points or 0.15 percent to reach 2073.53 points.

On this day, the sensitive index of strong and good companies also increased by 0.35 percent to 369.56 points. On this day, 7341 thousand 195 shares of 303 companies listed in NEPSE were traded worth more than 2.82 billion 17 lakh rupees.

On the second trading day of the week, the dragon fly has become a doji star in the support zone of the daily chart of NEPSE. If the beginning, end and maximum price of the share and the indicator are the same and the minimum price decreases and a long thread is formed below, it is known as a dragon fly doji. During the day's trading, the market reached its lowest point till 2060 and when the market closed, it turned positive and finally closed in 2073, forming a butterfly shape i.e. Dragon Fly Doji.

If such a pattern is formed in a falling market, it is understood that the market is planning an upward journey. However, for confirmation, the market should go above the previous day's candle and close the candle. Of course, if the market closes above 2090 once again, it is understood that it is planning an upward journey.

Technically, in today's market, Reversal has become a candle of nature. But this is not certain yet. If the market goes above 2125, it can be considered bullish. Otherwise, it seems that the market may be corrective.

On this day, out of 13 groups listed in NEPSE, 9 groups were green and 4 other groups were red. Today, Bikas Bank Group has grown the most. Bikas Bank Group rose by 1.30 percent today Finance 1.08, Hotel 0.91, Hydro 0.17, Life Insurance 0.05, Micro Finance 0.62, Mutual Fund 0.09, Other 0.37 and Business Group 0. It has increased by 50 points. Today Bank Group, Investment 0.46, Manufacturing and Processing 0.82 and Non-Life Insurance Group decreased by 0.10 percent.

Most trading companies

On this day, the most shares of Shivam Cement were traded. Shivam's shares were traded for more than 19 million 98 million today. 1978 million shares of Gorkhaz Finance, 138 million shares of Sonapur Minerals, 116 million shares of Upper Tamakoshi and 734 million shares of Ghorahi Cement have been traded.

Loss Trading Companies 

Today, there is a positive circuit in the share price of three companies. Today, the share price of Saptakoshi Development Bank, People's Power and Dhaulagiri Microfinance has increased by 10 percent.

Likewise, the share price of Mid Solu Hydro increased by 7.14 percent and Himalayan Hydropower by 5.23 percent. On this day, the share price of Manushi Lagubitta has fallen by 5.15 percent. Similarly, the share price of NMB Bank decreased by 2.73 percent, Singti Hydro by 2.44 percent and Mandu Hydro by 2.34 percent.