Part 1: Rundown and Technical Analysis
The market operated for the 4 trading days this week. The market was closed on Monday for Buddha Jayanti. NEPSE has changed its trading days from the month of Jestha. Now onwards, the market is open from Monday to Friday and closed on Saturdays and Sundays every week.
The NEPSE index closed at 2235.09 this week after a loss of 115.33 points (4.91%). The index had closed at 2,350.42 last week with a gain of 4.99% from the week before that.
This week, the index went as high as 2,350.43 and as low as 2,231.46, hence witnessing volatility of 118.97 points. In the previous week, the index had seen a volatility of 184.02 points.
Analysis of Trend
Trend analysis is a technical…
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