Oct Thu 2024 03:38:29
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Kathmandu: The stock market of Nepal, 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.
Top 10 trending stocks Bullish signs
All the scripts have shown a bullish sign when considering Volatili as base. 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, has now fallen below 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.