Nepse Trend Analysis 5/22/2022

IndexPrimary TrendSecondary TrendMinor TrendRSI Bollinger Band Candlestick
NepseBearishBearishBearishBearishBearish
BankingBearishBearishBearishBearishBearish
Development BankBearishBearishBearishNeutralBearish
FinanceBearishBearishBearishBearishBearish
Micro FinanceSidewaysSidewaysBearishBearishBearish
Life InsuranceBearishBearishBearishBearishBearish
Non Life InsuranceBearishBearishBearishBearishBearish
Hydro PowerBearishBearishBearishNeutralBearish
Manufacturing & ProcessingSidewaysSidewaysBearishBearishBearish
HotelsBullishSidewaysBearishNeutralBearish
InvestmentSidewaysSidewaysBearishBearishBearish
OthersBullishSidewaysBearishBearishBearish

Summary

  • Nepse turns bearish in primary and secondary movements
  • Banking turns bearish in secondary & primary movement
  • Insurance (both) turn bearish in secondary & primary movement
  • Wait for a higher low or let RSI moves above 50 level on daily chart before rushing into trade

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