Last week, the NEPSE index went down by 1.93%, closing at 2,640.96 points. The week before, it had closed at 2,693.06 points, meaning it dropped by 52.10 points.
Market Down on Most Days
The stock market was open for four days last week. Out of those, the index went up only one day and dropped on the other three days. This shows that selling was stronger than buying during the week.
Close to Support Level
NEPSE is now close to its support zone, which lies between 2,580 and 2,630 points. If the index rises in the coming days, it may face resistance between 2,750 and 2,800 points.
Bearish Signs But Some Hope
A bearish candle formed last week, which usually shows sellers are in control. However, on the last trading day, the chart showed an “inverted hammer” pattern. This could mean the falling market might turn around soon.
Low Trading Volume
The daily average trading volume last week was around NPR 7.26 billion. This is 14.38% lower than the 20-day average of NPR 8.48 billion. Lower volume means fewer people are trading, and the market is weaker.
MACD Indicator Shows Warning
The MACD indicator showed signs of a possible bearish crossover. This means the market might continue to fall if the signal is confirmed. The histogram is still positive but losing strength, another sign of slowing momentum.
Buyers and Sellers in Balance
The Stochastic RSI stayed in the neutral zone last week. This means that buying and selling pressure were about the same, and the market could move in either direction.
Important Reminder
This report is based on technical data and does not give full investment advice. Investors should do their own research or talk to experts before making any financial decisions.
