Nepso's weekly chart shows a "tweezer bottom," indicating a reversal

This week, the stock market had four trading days. The market decreased two days and climbed two days in a four-day trading period. The market that closed at 2496 points last week closed at 2597 points this week. Consequently, this week's stock market gain was 110.73 points higher. The market dropped ninety points last week.

This week's four days saw the trading of 22.9 billion shares. The market saw a turnover of 26 billion 9 million rupees in the preceding week. This week's daily average turnover was 5.54 billion, up from 5.2 billion the week before. Thus, this week's increase in the market was accompanied by an increase in business. The fact that the market's index and turnover are rising after six weeks of declines indicates that the market is turning bullish. 

The market capitalization hit 41 trillion 30 billion this week. The market capitalization hit 39 trillion 54 billion last week. In this way, market capitalization has increased by 1 trillion 76 billion due to NEPSE increase this week. This week saw increases in market capitalization and average turnover in tandem with NEPSE.

The 18th century saw the development of the candle stick by Japanese rice merchant Munihosa Homa. Following that, its advancements were applied to the research of foreign currency and global stock commodities.

It is increasingly being used in Nepal's stock market as of late. Based on a weekly analysis of the NEPSE chart's trading over the past two weeks, it appears that the tweezer bottom has formed. In other words, the market tested at 2440 for two weeks before rising back to the top. It suggests a possible upward trend in the market.

The market, which closed at 2597 points this week, may resume its upward trajectory if it finishes over 2650 points in the following trading session. 

Bands of Bollinger, MACD, and RSI.

Based on the weekly Bollinger band, the market has taken support in the middle band for 2 straight weeks after departing the upper band a few weeks ago. It is possible to conclude that the market is accepting support in the middle band in this manner. According to Macdi, this week's market crossover was extremely aggressive. 

The RSI has recovered from the level of 53 on a weekly basis and is currently at 58. Overall, looking at all three signs, it appears that the market has ceased steadily declining.  

Note: This study does not constitute a trading suggestion; stock market investing is a dangerous endeavor.