Market is absolutely brutal on MicroFinance
View on r/NepalStock by tempervisuals
Highlights:
- would you buy in this case? previous resistance break garyo, volume increasing, but, RSI 70 xa, overbought dekhako xa, but, microfinance sabai badiraxa aile well over 70…what would you do?
- What do you guys think about Microfinance companies?
- What could be the reason for today’s circuit on almost all Microfinance?
- NRB Approves Merger of National and Summit Microfinance
- National Microfinance Laghubitta Bittiya Sanstha Bonus Shares Distributed to Shareholders
micro had been over valued since long time. micro is niche product. increase reserve part is just to cover their NPL.
micro going down pulled the overall index triggering sell across all sectors. Micro’s stock will be at price range of insurance.
Will Nepse now go bearish or what?