Share Market Rises Significantly, NEPSE Surpasses 2100 Points, Analysis of the NEPSE Chart

The Nepal Stock Exchange (NEPSE) has seen a significant increase, with the index surpassing the 2100 points mark. According to NEPSE, today's market rose by 33.15 points, an increase of 1.59%, bringing the NEPSE index to 2115.24 points.

Key Highlights:

- Market Performance: All sectors experienced growth, with the hydropower sector seeing the highest increase of 2.58%.

- Trading Volume: A total of 126,653,329 shares from 311 companies were traded, amounting to NPR 5.55 billion in transactions.

- Positive Circuit Breakers: Five companies hit the positive circuit breaker today. Investors in Barun Hydropower, Green Venture Limited, Kutheli Bukhari Hydropower, and Bhagwati Hydropower saw gains of 10%, while Upper Hewakhola Hydropower investors gained 9.98%.

- Highest Loss: Investors in Samling Power faced the highest loss of 5.81%.

Notable Transactions:

- NRN Infrastructure & Development Limited: This company saw the highest trading volume with transactions worth NPR 363.09 million.

- Recent Trends: On Sunday, the market had declined by 4.59%, resulting in transactions worth NPR 5.19 billion. Yesterday, Monday, the market increased by 8.90 points with transactions worth NPR 5.49 billion.

The upward trend has brought optimism across all sectors

he NEPSE chart indicates a bullish sentiment with a breakout above the downtrend line and strong volume support. Key levels to watch are the 0.618 Fibonacci level (2120) and the 0.786 level (2140) as potential resistance levels. If the price holds above these levels, it could continue to move higher. Conversely, if the price falls back below the 0.5 level (2109), it might find support at the 0.382 level (2098). Traders should monitor the volume and price action around these key levels for further confirmation of the trend.