Nepse Trend Analysis 4/23/2022

IndexPrimary TrendSecondary TrendMinor TrendRSI Bollinger Band Candlestick
NepseSidewaysSidewaysBearishBearishBearishBullish Pin Bar (19 APR)
BankingBearishBearishBearishBearishBearish
Development BankSidewaysSidewaysBearishBearishBearish
FinanceBearishBearishBearishBearishBearishHammer
Micro FinanceSidewaysSidewaysBearishBearishBearish
Life InsuranceSidewaysBearishBearishBearishBearish
Non Life InsuranceSidewaysBearishBearishBearishBearishHammer
Hydro PowerSidewaysSidewaysBearishBearishBearishHammer
Manufacturing & ProcessingBullishBullishBearishBearishBearish
HotelsBullishBullishSidewaysNeutralSideways
InvestmentSidewaysSidewaysBearishBearishBearish
OthersBullishSidewaysBearishBearishBearish

Summary

  • 2259 seems crucial level for now
  • Banking turns bearish in secondary & primary movement
  • Insurance (both) turn bearish in secondary movement
  • Trade only on Set Ups and confirmations.

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