Part 1: Rundown and Technical Analysis

The market operated for the entire 5 trading days this week. The market is closed on Fridays and Saturdays every week.

The NEPSE index closed at 2,544.31 this week after a loss of 69.36 points (-2.65%). The index had closed at 2,613.67 last week with a loss of 0.67% from the week before that.

This week, the index went as high as 2,641.51 and as low as 2,516.12, hence witnessing volatility of 125.39 points. In the previous week, the index had seen a volatility of 56.7 points.

Analysis of Trend

The NEPSE index is down around 2.69% compared to the same date last year. It is down around 20% from the all-time high of 3,198.60 created around seven months ago.

Candlestick Charting…

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