NEPSE'S NEXT MOVE

Nepse's next move………………..?

Monthly Trend

1.       Sloping downward

2.       Higher low and lower low

These trends show the downward trend of Nepse based on monthly trend.

Exception: If nepse crosses 1694 (the nearly strong resistance); new exceptional upward trend will be formed called opposite of head and shoulder.

Quarterly Trend

1.       Opposite of head and shoulder

2.       Rounding bottom

These trends show the upward trend of Nepse.

Exception: If nepse crosses below 1600 following downward trend will be formed

(i)                 Rounding Top

(ii)               Higher low and lower low

These are the downward trends.

Yearly Trend

1.       Cup with handle

This is the good sign of upward trend

One Year Pivot Analysis of Nepse:

Resistance 1 = 1772

Resistance 2 = 2051

Resistance 3 = 2286

Support 1 = 1258

Support 2 = 1024

Support 3 = 745

Conclusion:

In technical analysis long term trends are taken as more reliable. As election is going to be held within 2074 Baishakh, nepse has crossed around 500 points from 2017 March to April, new technologies are going to be adopted by nepse within few months, good profit growth of Bank and Financial institutions and chances of getting more dividends in near future are the powerful fundamental factors to push nepse upward. Some unexpected passive factors of above mentioned development not going to be implemented have low chances to occur and can be given low weight.

Hence it will be the right time to grab the opportunity.

Happy Investing.

 

Yours,

Bloomberg Investment Company

Always committed for your success