$user = $this->Session->read('Auth.User');
//find the group of logged user
$groupId = $user['Group']['id'];
$viewFile = '/var/www/html/newbusinessage.com/app/View/MagazineArticles/view.ctp'
$dataForView = array(
'magazineArticle' => array(
'MagazineArticle' => array(
'id' => '2464',
'magazine_issue_id' => '997',
'magazine_category_id' => '63',
'title' => 'Monthly Technical Analysis of Nepse (February 27th 2019 – March 21th 2019)',
'image' => '20190403054014_1111.jpg',
'short_content' => 'NEPSE gained 38.04 points (or up 3.45%) to close at 1140.6 last month. At the beginning of month, NEPSE showed a bullish momentum breaking the resistance level of 50 days moving average.',
'content' => '<div>
<span style="font-size:18px;"><strong>38% Retracement </strong></span></div>
<div style="text-align: center;">
</div>
<div style="text-align: center;">
<img alt="" src="/app/webroot/userfiles/images/1%2832%29.jpg" style="width: 800px; height: 286px;" /></div>
<div style="text-align: center;">
<img alt="" src="/app/webroot/userfiles/images/1x%286%29.jpg" style="width: 800px; height: 788px;" /></div>
<div style="text-align: center;">
</div>
<div>
<span style="font-size:14px;"><strong>Trend Analysis</strong></span></div>
<div>
NEPSE gained 38.04 points (or up 3.45%) to close at 1140.6 last month. At the beginning of month, NEPSE showed a bullish momentum breaking the resistance level of 50 days moving average. However, at the end of month, NEPSE broke the support level of 50 days moving average. Currently, NEPSE is trading below the 50 days moving average and 200 days moving average. The average daily volume turnover has decreased to NPR 30.26 crores from NPR 32.25 crores. Currently, NEPSE is trading at the 38.2% of recent upswing from 1100.49 to 1166.27.</div>
<div>
</div>
<div>
<span style="font-size:14px;"><strong>Resistance and Support</strong></span></div>
<div>
In course of month, NEPSE index showed bullish momentum for most of the days breaking the resistance level of 1150. However, at the end of month, NEPSE broke the support level of 1150 and traded below the 1150 level. The average traded volume was lower than the previous month indicating a decreased market participation. The immediate support and resistance remain same at 1090 and 1150 respectively.</div>
<div>
</div>
<div style="text-align: center;">
<img alt="" src="/app/webroot/userfiles/images/2%2825%29.jpg" style="width: 800px; height: 241px;" /></div>
<div>
</div>
<div>
<span style="font-size:14px;"><strong>Nepse Trend Indicator</strong></span></div>
<div>
<span style="font-size:12px;"><strong>a. MACD</strong></span></div>
<div>
The MACD is a momentum oscillator formed by using two different types of moving averages, which provides specific buying or selling signals. When a MACD line crosses above the signal line, it is considered to be a positive sign and indicates a time to buy, and vice-versa.</div>
<div>
The MACD and the signal line, at the beginning of last month, stood at -15.80 and -14.99 respectively. By the end of the month, MACD line and signal increased by 20.08 and 15.009 to close at 4.29 and 0.02. At the beginning of month, MACD line crossed the signal line from the below indicating a bullish crossover in the market. Currently, MACD line and signal line are hovering around the positive zone signifying a bullish sentiment in the market.</div>
<div>
</div>
<div style="text-align: center;">
<img alt="" src="/app/webroot/userfiles/images/3%2821%29.jpg" style="width: 800px; height: 148px;" /></div>
<div>
</div>
<div>
<strong><span style="font-size:12px;">b. RSI</span></strong></div>
<div>
RSI is a form of leading indicator that is believed to be most effective during periods of sideways movement. Such indicators may create numerous buy and sell signals that are useful when the market is not clearly trending upwards or downwards.</div>
<div>
The RSI, at the beginning of month, stood at 33.58 level. In the course of month, RSI increased by 17.98 points to close at 51.57. Last month, RSI increased from the 30s zone to the 60s zone indicating an increase in buying pressure in the market. At the end of month, RSI has retraced back to the 50s zone signifying a correction in current market.</div>
<div>
</div>
<div style="text-align: center;">
<img alt="" src="/app/webroot/userfiles/images/3x%20Zoom%282%29.jpg" style="width: 800px; height: 155px;" /></div>
<div>
</div>
<div>
<span style="font-size:12px;"><strong>c. OBV</strong></span></div>
<div>
On balance volume is a momentum indicator that uses volume flow to predict changes in stock prices. It measures buying and selling pressure as a cumulative indicator that adds volume in up days and subtracts volume on down days.</div>
<div>
</div>
<div>
The on-balance volume, at the beginning of last month, stood at -14.8 b level. In the course of month, it gained 1.2 b points to close at -13.6 b. Last month, OBV has increased by 1.2 b indicating an increase in buying pressure in the market.</div>
<div>
</div>
<div style="text-align: center;">
<img alt="" src="/app/webroot/userfiles/images/4%2814%29.jpg" style="width: 800px; height: 155px;" /></div>
<div>
</div>
<div>
<span style="font-size:12px;"><strong>d. Bollinger Bands</strong></span></div>
<div>
The Bollinger Band is a technical indicator that consists of a moving average (21-day) along with two trading bands above (upper band) and below it (lower band). The bands are an indication of volatility, which are represented by calculating standard deviation.</div>
<div>
At the beginning of month, NEPSE index traded from the lower Bollinger band to the mid Bollinger band. NEPSE index broke the resistance of mid Bollinger band and traded at upper Bollinger band. At the end of month, NEPSE index traded from the upper Bollinger band to the lower Bollinger band indicating a selling pressure in the market. The distance between the upper Bollinger band and lower Bollinger band has increased indicating a high volatility in the market.</div>
<div>
</div>
<div style="text-align: center;">
<img alt="" src="/app/webroot/userfiles/images/21%20feb%20watch%20img%283%29.JPG" style="width: 800px; height: 436px;" /></div>
<div>
</div>
<div>
<span style="font-size:12px;"><strong>e. Overview</strong></span></div>
<div>
NEPSE gained 38.04 points (or up 3.45%) to close at 1140.6 last month. Currently, NEPSE is trading below the 50 days moving average and 200 days moving average. MACD line and signal line are hovering around the positive zone signifying a bullish sentiment in the market. Last month, RSI increased from the 30s zone to the 60s zone indicating an increase in buying pressure in the market. At the end of month, RSI has retraced back to the 50s zone signifying a correction in current market. Last month, OBV has increased by 1.2 b indicating an increase in buying pressure in the market. The distance between the upper Bollinger band and lower Bollinger band has increased indicating a high volatility in the market. The immediate support and resistance remain same at 1090 and 1150 respectively. </div>
<div>
</div>
',
'status' => true,
'publish_date' => null,
'created' => '2019-04-03 17:40:14',
'modified' => '2019-04-08 10:33:44',
'keywords' => '',
'description' => '',
'sortorder' => '2414',
'feature_article' => true,
'user_id' => '22',
'image1' => null,
'image2' => null,
'image3' => null,
'image4' => null
),
'MagazineIssue' => array(
'id' => '997',
'image' => '20190403105608_April 2019.jpg',
'sortorder' => '1545',
'published' => true,
'created' => '2019-04-01 14:20:06',
'modified' => '2019-04-05 11:32:19',
'title' => 'April 2019',
'publish_date' => '2019-04-01',
'parent_id' => '0',
'homepage' => true,
'user_id' => '11'
),
'MagazineCategory' => array(
'id' => '63',
'title' => 'Stock Taking',
'sortorder' => '516',
'status' => true,
'created' => '0000-00-00 00:00:00',
'homepage' => true,
'modified' => '2013-04-01 00:00:00'
),
'User' => array(
'password' => '*****',
'id' => '22',
'user_detail_id' => '1',
'group_id' => '24',
'username' => 'kishor.bam@newbusinessage.com',
'name' => '',
'email' => 'kishor.bam@newbusinessage.com',
'address' => '',
'gender' => '',
'access' => '1',
'phone' => '',
'access_type' => '0',
'activated' => false,
'sortorder' => '0',
'published' => '0',
'created' => '2018-11-30 10:47:22',
'last_login' => '2019-06-09 10:32:40',
'ip' => '202.63.242.112'
),
'MagazineArticleComment' => array(),
'MagazineView' => array(
(int) 0 => array(
[maximum depth reached]
)
)
),
'current_user' => null,
'logged_in' => false
)
$magazineArticle = array(
'MagazineArticle' => array(
'id' => '2464',
'magazine_issue_id' => '997',
'magazine_category_id' => '63',
'title' => 'Monthly Technical Analysis of Nepse (February 27th 2019 – March 21th 2019)',
'image' => '20190403054014_1111.jpg',
'short_content' => 'NEPSE gained 38.04 points (or up 3.45%) to close at 1140.6 last month. At the beginning of month, NEPSE showed a bullish momentum breaking the resistance level of 50 days moving average.',
'content' => '<div>
<span style="font-size:18px;"><strong>38% Retracement </strong></span></div>
<div style="text-align: center;">
</div>
<div style="text-align: center;">
<img alt="" src="/app/webroot/userfiles/images/1%2832%29.jpg" style="width: 800px; height: 286px;" /></div>
<div style="text-align: center;">
<img alt="" src="/app/webroot/userfiles/images/1x%286%29.jpg" style="width: 800px; height: 788px;" /></div>
<div style="text-align: center;">
</div>
<div>
<span style="font-size:14px;"><strong>Trend Analysis</strong></span></div>
<div>
NEPSE gained 38.04 points (or up 3.45%) to close at 1140.6 last month. At the beginning of month, NEPSE showed a bullish momentum breaking the resistance level of 50 days moving average. However, at the end of month, NEPSE broke the support level of 50 days moving average. Currently, NEPSE is trading below the 50 days moving average and 200 days moving average. The average daily volume turnover has decreased to NPR 30.26 crores from NPR 32.25 crores. Currently, NEPSE is trading at the 38.2% of recent upswing from 1100.49 to 1166.27.</div>
<div>
</div>
<div>
<span style="font-size:14px;"><strong>Resistance and Support</strong></span></div>
<div>
In course of month, NEPSE index showed bullish momentum for most of the days breaking the resistance level of 1150. However, at the end of month, NEPSE broke the support level of 1150 and traded below the 1150 level. The average traded volume was lower than the previous month indicating a decreased market participation. The immediate support and resistance remain same at 1090 and 1150 respectively.</div>
<div>
</div>
<div style="text-align: center;">
<img alt="" src="/app/webroot/userfiles/images/2%2825%29.jpg" style="width: 800px; height: 241px;" /></div>
<div>
</div>
<div>
<span style="font-size:14px;"><strong>Nepse Trend Indicator</strong></span></div>
<div>
<span style="font-size:12px;"><strong>a. MACD</strong></span></div>
<div>
The MACD is a momentum oscillator formed by using two different types of moving averages, which provides specific buying or selling signals. When a MACD line crosses above the signal line, it is considered to be a positive sign and indicates a time to buy, and vice-versa.</div>
<div>
The MACD and the signal line, at the beginning of last month, stood at -15.80 and -14.99 respectively. By the end of the month, MACD line and signal increased by 20.08 and 15.009 to close at 4.29 and 0.02. At the beginning of month, MACD line crossed the signal line from the below indicating a bullish crossover in the market. Currently, MACD line and signal line are hovering around the positive zone signifying a bullish sentiment in the market.</div>
<div>
</div>
<div style="text-align: center;">
<img alt="" src="/app/webroot/userfiles/images/3%2821%29.jpg" style="width: 800px; height: 148px;" /></div>
<div>
</div>
<div>
<strong><span style="font-size:12px;">b. RSI</span></strong></div>
<div>
RSI is a form of leading indicator that is believed to be most effective during periods of sideways movement. Such indicators may create numerous buy and sell signals that are useful when the market is not clearly trending upwards or downwards.</div>
<div>
The RSI, at the beginning of month, stood at 33.58 level. In the course of month, RSI increased by 17.98 points to close at 51.57. Last month, RSI increased from the 30s zone to the 60s zone indicating an increase in buying pressure in the market. At the end of month, RSI has retraced back to the 50s zone signifying a correction in current market.</div>
<div>
</div>
<div style="text-align: center;">
<img alt="" src="/app/webroot/userfiles/images/3x%20Zoom%282%29.jpg" style="width: 800px; height: 155px;" /></div>
<div>
</div>
<div>
<span style="font-size:12px;"><strong>c. OBV</strong></span></div>
<div>
On balance volume is a momentum indicator that uses volume flow to predict changes in stock prices. It measures buying and selling pressure as a cumulative indicator that adds volume in up days and subtracts volume on down days.</div>
<div>
</div>
<div>
The on-balance volume, at the beginning of last month, stood at -14.8 b level. In the course of month, it gained 1.2 b points to close at -13.6 b. Last month, OBV has increased by 1.2 b indicating an increase in buying pressure in the market.</div>
<div>
</div>
<div style="text-align: center;">
<img alt="" src="/app/webroot/userfiles/images/4%2814%29.jpg" style="width: 800px; height: 155px;" /></div>
<div>
</div>
<div>
<span style="font-size:12px;"><strong>d. Bollinger Bands</strong></span></div>
<div>
The Bollinger Band is a technical indicator that consists of a moving average (21-day) along with two trading bands above (upper band) and below it (lower band). The bands are an indication of volatility, which are represented by calculating standard deviation.</div>
<div>
At the beginning of month, NEPSE index traded from the lower Bollinger band to the mid Bollinger band. NEPSE index broke the resistance of mid Bollinger band and traded at upper Bollinger band. At the end of month, NEPSE index traded from the upper Bollinger band to the lower Bollinger band indicating a selling pressure in the market. The distance between the upper Bollinger band and lower Bollinger band has increased indicating a high volatility in the market.</div>
<div>
</div>
<div style="text-align: center;">
<img alt="" src="/app/webroot/userfiles/images/21%20feb%20watch%20img%283%29.JPG" style="width: 800px; height: 436px;" /></div>
<div>
</div>
<div>
<span style="font-size:12px;"><strong>e. Overview</strong></span></div>
<div>
NEPSE gained 38.04 points (or up 3.45%) to close at 1140.6 last month. Currently, NEPSE is trading below the 50 days moving average and 200 days moving average. MACD line and signal line are hovering around the positive zone signifying a bullish sentiment in the market. Last month, RSI increased from the 30s zone to the 60s zone indicating an increase in buying pressure in the market. At the end of month, RSI has retraced back to the 50s zone signifying a correction in current market. Last month, OBV has increased by 1.2 b indicating an increase in buying pressure in the market. The distance between the upper Bollinger band and lower Bollinger band has increased indicating a high volatility in the market. The immediate support and resistance remain same at 1090 and 1150 respectively. </div>
<div>
</div>
',
'status' => true,
'publish_date' => null,
'created' => '2019-04-03 17:40:14',
'modified' => '2019-04-08 10:33:44',
'keywords' => '',
'description' => '',
'sortorder' => '2414',
'feature_article' => true,
'user_id' => '22',
'image1' => null,
'image2' => null,
'image3' => null,
'image4' => null
),
'MagazineIssue' => array(
'id' => '997',
'image' => '20190403105608_April 2019.jpg',
'sortorder' => '1545',
'published' => true,
'created' => '2019-04-01 14:20:06',
'modified' => '2019-04-05 11:32:19',
'title' => 'April 2019',
'publish_date' => '2019-04-01',
'parent_id' => '0',
'homepage' => true,
'user_id' => '11'
),
'MagazineCategory' => array(
'id' => '63',
'title' => 'Stock Taking',
'sortorder' => '516',
'status' => true,
'created' => '0000-00-00 00:00:00',
'homepage' => true,
'modified' => '2013-04-01 00:00:00'
),
'User' => array(
'password' => '*****',
'id' => '22',
'user_detail_id' => '1',
'group_id' => '24',
'username' => 'kishor.bam@newbusinessage.com',
'name' => '',
'email' => 'kishor.bam@newbusinessage.com',
'address' => '',
'gender' => '',
'access' => '1',
'phone' => '',
'access_type' => '0',
'activated' => false,
'sortorder' => '0',
'published' => '0',
'created' => '2018-11-30 10:47:22',
'last_login' => '2019-06-09 10:32:40',
'ip' => '202.63.242.112'
),
'MagazineArticleComment' => array(),
'MagazineView' => array(
(int) 0 => array(
'magazine_article_id' => '2464',
'hit' => '2481'
)
)
)
$current_user = null
$logged_in = false
$user = null
include - APP/View/MagazineArticles/view.ctp, line 54
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::render() - CORE/Cake/View/View.php, line 473
Controller::render() - CORE/Cake/Controller/Controller.php, line 968
Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200
Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167
[main] - APP/webroot/index.php, line 117
Notice (8): Trying to access array offset on value of type null [APP/View/MagazineArticles/view.ctp, line 54]
$user = $this->Session->read('Auth.User');
//find the group of logged user
$groupId = $user['Group']['id'];
$viewFile = '/var/www/html/newbusinessage.com/app/View/MagazineArticles/view.ctp'
$dataForView = array(
'magazineArticle' => array(
'MagazineArticle' => array(
'id' => '2464',
'magazine_issue_id' => '997',
'magazine_category_id' => '63',
'title' => 'Monthly Technical Analysis of Nepse (February 27th 2019 – March 21th 2019)',
'image' => '20190403054014_1111.jpg',
'short_content' => 'NEPSE gained 38.04 points (or up 3.45%) to close at 1140.6 last month. At the beginning of month, NEPSE showed a bullish momentum breaking the resistance level of 50 days moving average.',
'content' => '<div>
<span style="font-size:18px;"><strong>38% Retracement </strong></span></div>
<div style="text-align: center;">
</div>
<div style="text-align: center;">
<img alt="" src="/app/webroot/userfiles/images/1%2832%29.jpg" style="width: 800px; height: 286px;" /></div>
<div style="text-align: center;">
<img alt="" src="/app/webroot/userfiles/images/1x%286%29.jpg" style="width: 800px; height: 788px;" /></div>
<div style="text-align: center;">
</div>
<div>
<span style="font-size:14px;"><strong>Trend Analysis</strong></span></div>
<div>
NEPSE gained 38.04 points (or up 3.45%) to close at 1140.6 last month. At the beginning of month, NEPSE showed a bullish momentum breaking the resistance level of 50 days moving average. However, at the end of month, NEPSE broke the support level of 50 days moving average. Currently, NEPSE is trading below the 50 days moving average and 200 days moving average. The average daily volume turnover has decreased to NPR 30.26 crores from NPR 32.25 crores. Currently, NEPSE is trading at the 38.2% of recent upswing from 1100.49 to 1166.27.</div>
<div>
</div>
<div>
<span style="font-size:14px;"><strong>Resistance and Support</strong></span></div>
<div>
In course of month, NEPSE index showed bullish momentum for most of the days breaking the resistance level of 1150. However, at the end of month, NEPSE broke the support level of 1150 and traded below the 1150 level. The average traded volume was lower than the previous month indicating a decreased market participation. The immediate support and resistance remain same at 1090 and 1150 respectively.</div>
<div>
</div>
<div style="text-align: center;">
<img alt="" src="/app/webroot/userfiles/images/2%2825%29.jpg" style="width: 800px; height: 241px;" /></div>
<div>
</div>
<div>
<span style="font-size:14px;"><strong>Nepse Trend Indicator</strong></span></div>
<div>
<span style="font-size:12px;"><strong>a. MACD</strong></span></div>
<div>
The MACD is a momentum oscillator formed by using two different types of moving averages, which provides specific buying or selling signals. When a MACD line crosses above the signal line, it is considered to be a positive sign and indicates a time to buy, and vice-versa.</div>
<div>
The MACD and the signal line, at the beginning of last month, stood at -15.80 and -14.99 respectively. By the end of the month, MACD line and signal increased by 20.08 and 15.009 to close at 4.29 and 0.02. At the beginning of month, MACD line crossed the signal line from the below indicating a bullish crossover in the market. Currently, MACD line and signal line are hovering around the positive zone signifying a bullish sentiment in the market.</div>
<div>
</div>
<div style="text-align: center;">
<img alt="" src="/app/webroot/userfiles/images/3%2821%29.jpg" style="width: 800px; height: 148px;" /></div>
<div>
</div>
<div>
<strong><span style="font-size:12px;">b. RSI</span></strong></div>
<div>
RSI is a form of leading indicator that is believed to be most effective during periods of sideways movement. Such indicators may create numerous buy and sell signals that are useful when the market is not clearly trending upwards or downwards.</div>
<div>
The RSI, at the beginning of month, stood at 33.58 level. In the course of month, RSI increased by 17.98 points to close at 51.57. Last month, RSI increased from the 30s zone to the 60s zone indicating an increase in buying pressure in the market. At the end of month, RSI has retraced back to the 50s zone signifying a correction in current market.</div>
<div>
</div>
<div style="text-align: center;">
<img alt="" src="/app/webroot/userfiles/images/3x%20Zoom%282%29.jpg" style="width: 800px; height: 155px;" /></div>
<div>
</div>
<div>
<span style="font-size:12px;"><strong>c. OBV</strong></span></div>
<div>
On balance volume is a momentum indicator that uses volume flow to predict changes in stock prices. It measures buying and selling pressure as a cumulative indicator that adds volume in up days and subtracts volume on down days.</div>
<div>
</div>
<div>
The on-balance volume, at the beginning of last month, stood at -14.8 b level. In the course of month, it gained 1.2 b points to close at -13.6 b. Last month, OBV has increased by 1.2 b indicating an increase in buying pressure in the market.</div>
<div>
</div>
<div style="text-align: center;">
<img alt="" src="/app/webroot/userfiles/images/4%2814%29.jpg" style="width: 800px; height: 155px;" /></div>
<div>
</div>
<div>
<span style="font-size:12px;"><strong>d. Bollinger Bands</strong></span></div>
<div>
The Bollinger Band is a technical indicator that consists of a moving average (21-day) along with two trading bands above (upper band) and below it (lower band). The bands are an indication of volatility, which are represented by calculating standard deviation.</div>
<div>
At the beginning of month, NEPSE index traded from the lower Bollinger band to the mid Bollinger band. NEPSE index broke the resistance of mid Bollinger band and traded at upper Bollinger band. At the end of month, NEPSE index traded from the upper Bollinger band to the lower Bollinger band indicating a selling pressure in the market. The distance between the upper Bollinger band and lower Bollinger band has increased indicating a high volatility in the market.</div>
<div>
</div>
<div style="text-align: center;">
<img alt="" src="/app/webroot/userfiles/images/21%20feb%20watch%20img%283%29.JPG" style="width: 800px; height: 436px;" /></div>
<div>
</div>
<div>
<span style="font-size:12px;"><strong>e. Overview</strong></span></div>
<div>
NEPSE gained 38.04 points (or up 3.45%) to close at 1140.6 last month. Currently, NEPSE is trading below the 50 days moving average and 200 days moving average. MACD line and signal line are hovering around the positive zone signifying a bullish sentiment in the market. Last month, RSI increased from the 30s zone to the 60s zone indicating an increase in buying pressure in the market. At the end of month, RSI has retraced back to the 50s zone signifying a correction in current market. Last month, OBV has increased by 1.2 b indicating an increase in buying pressure in the market. The distance between the upper Bollinger band and lower Bollinger band has increased indicating a high volatility in the market. The immediate support and resistance remain same at 1090 and 1150 respectively. </div>
<div>
</div>
',
'status' => true,
'publish_date' => null,
'created' => '2019-04-03 17:40:14',
'modified' => '2019-04-08 10:33:44',
'keywords' => '',
'description' => '',
'sortorder' => '2414',
'feature_article' => true,
'user_id' => '22',
'image1' => null,
'image2' => null,
'image3' => null,
'image4' => null
),
'MagazineIssue' => array(
'id' => '997',
'image' => '20190403105608_April 2019.jpg',
'sortorder' => '1545',
'published' => true,
'created' => '2019-04-01 14:20:06',
'modified' => '2019-04-05 11:32:19',
'title' => 'April 2019',
'publish_date' => '2019-04-01',
'parent_id' => '0',
'homepage' => true,
'user_id' => '11'
),
'MagazineCategory' => array(
'id' => '63',
'title' => 'Stock Taking',
'sortorder' => '516',
'status' => true,
'created' => '0000-00-00 00:00:00',
'homepage' => true,
'modified' => '2013-04-01 00:00:00'
),
'User' => array(
'password' => '*****',
'id' => '22',
'user_detail_id' => '1',
'group_id' => '24',
'username' => 'kishor.bam@newbusinessage.com',
'name' => '',
'email' => 'kishor.bam@newbusinessage.com',
'address' => '',
'gender' => '',
'access' => '1',
'phone' => '',
'access_type' => '0',
'activated' => false,
'sortorder' => '0',
'published' => '0',
'created' => '2018-11-30 10:47:22',
'last_login' => '2019-06-09 10:32:40',
'ip' => '202.63.242.112'
),
'MagazineArticleComment' => array(),
'MagazineView' => array(
(int) 0 => array(
[maximum depth reached]
)
)
),
'current_user' => null,
'logged_in' => false
)
$magazineArticle = array(
'MagazineArticle' => array(
'id' => '2464',
'magazine_issue_id' => '997',
'magazine_category_id' => '63',
'title' => 'Monthly Technical Analysis of Nepse (February 27th 2019 – March 21th 2019)',
'image' => '20190403054014_1111.jpg',
'short_content' => 'NEPSE gained 38.04 points (or up 3.45%) to close at 1140.6 last month. At the beginning of month, NEPSE showed a bullish momentum breaking the resistance level of 50 days moving average.',
'content' => '<div>
<span style="font-size:18px;"><strong>38% Retracement </strong></span></div>
<div style="text-align: center;">
</div>
<div style="text-align: center;">
<img alt="" src="/app/webroot/userfiles/images/1%2832%29.jpg" style="width: 800px; height: 286px;" /></div>
<div style="text-align: center;">
<img alt="" src="/app/webroot/userfiles/images/1x%286%29.jpg" style="width: 800px; height: 788px;" /></div>
<div style="text-align: center;">
</div>
<div>
<span style="font-size:14px;"><strong>Trend Analysis</strong></span></div>
<div>
NEPSE gained 38.04 points (or up 3.45%) to close at 1140.6 last month. At the beginning of month, NEPSE showed a bullish momentum breaking the resistance level of 50 days moving average. However, at the end of month, NEPSE broke the support level of 50 days moving average. Currently, NEPSE is trading below the 50 days moving average and 200 days moving average. The average daily volume turnover has decreased to NPR 30.26 crores from NPR 32.25 crores. Currently, NEPSE is trading at the 38.2% of recent upswing from 1100.49 to 1166.27.</div>
<div>
</div>
<div>
<span style="font-size:14px;"><strong>Resistance and Support</strong></span></div>
<div>
In course of month, NEPSE index showed bullish momentum for most of the days breaking the resistance level of 1150. However, at the end of month, NEPSE broke the support level of 1150 and traded below the 1150 level. The average traded volume was lower than the previous month indicating a decreased market participation. The immediate support and resistance remain same at 1090 and 1150 respectively.</div>
<div>
</div>
<div style="text-align: center;">
<img alt="" src="/app/webroot/userfiles/images/2%2825%29.jpg" style="width: 800px; height: 241px;" /></div>
<div>
</div>
<div>
<span style="font-size:14px;"><strong>Nepse Trend Indicator</strong></span></div>
<div>
<span style="font-size:12px;"><strong>a. MACD</strong></span></div>
<div>
The MACD is a momentum oscillator formed by using two different types of moving averages, which provides specific buying or selling signals. When a MACD line crosses above the signal line, it is considered to be a positive sign and indicates a time to buy, and vice-versa.</div>
<div>
The MACD and the signal line, at the beginning of last month, stood at -15.80 and -14.99 respectively. By the end of the month, MACD line and signal increased by 20.08 and 15.009 to close at 4.29 and 0.02. At the beginning of month, MACD line crossed the signal line from the below indicating a bullish crossover in the market. Currently, MACD line and signal line are hovering around the positive zone signifying a bullish sentiment in the market.</div>
<div>
</div>
<div style="text-align: center;">
<img alt="" src="/app/webroot/userfiles/images/3%2821%29.jpg" style="width: 800px; height: 148px;" /></div>
<div>
</div>
<div>
<strong><span style="font-size:12px;">b. RSI</span></strong></div>
<div>
RSI is a form of leading indicator that is believed to be most effective during periods of sideways movement. Such indicators may create numerous buy and sell signals that are useful when the market is not clearly trending upwards or downwards.</div>
<div>
The RSI, at the beginning of month, stood at 33.58 level. In the course of month, RSI increased by 17.98 points to close at 51.57. Last month, RSI increased from the 30s zone to the 60s zone indicating an increase in buying pressure in the market. At the end of month, RSI has retraced back to the 50s zone signifying a correction in current market.</div>
<div>
</div>
<div style="text-align: center;">
<img alt="" src="/app/webroot/userfiles/images/3x%20Zoom%282%29.jpg" style="width: 800px; height: 155px;" /></div>
<div>
</div>
<div>
<span style="font-size:12px;"><strong>c. OBV</strong></span></div>
<div>
On balance volume is a momentum indicator that uses volume flow to predict changes in stock prices. It measures buying and selling pressure as a cumulative indicator that adds volume in up days and subtracts volume on down days.</div>
<div>
</div>
<div>
The on-balance volume, at the beginning of last month, stood at -14.8 b level. In the course of month, it gained 1.2 b points to close at -13.6 b. Last month, OBV has increased by 1.2 b indicating an increase in buying pressure in the market.</div>
<div>
</div>
<div style="text-align: center;">
<img alt="" src="/app/webroot/userfiles/images/4%2814%29.jpg" style="width: 800px; height: 155px;" /></div>
<div>
</div>
<div>
<span style="font-size:12px;"><strong>d. Bollinger Bands</strong></span></div>
<div>
The Bollinger Band is a technical indicator that consists of a moving average (21-day) along with two trading bands above (upper band) and below it (lower band). The bands are an indication of volatility, which are represented by calculating standard deviation.</div>
<div>
At the beginning of month, NEPSE index traded from the lower Bollinger band to the mid Bollinger band. NEPSE index broke the resistance of mid Bollinger band and traded at upper Bollinger band. At the end of month, NEPSE index traded from the upper Bollinger band to the lower Bollinger band indicating a selling pressure in the market. The distance between the upper Bollinger band and lower Bollinger band has increased indicating a high volatility in the market.</div>
<div>
</div>
<div style="text-align: center;">
<img alt="" src="/app/webroot/userfiles/images/21%20feb%20watch%20img%283%29.JPG" style="width: 800px; height: 436px;" /></div>
<div>
</div>
<div>
<span style="font-size:12px;"><strong>e. Overview</strong></span></div>
<div>
NEPSE gained 38.04 points (or up 3.45%) to close at 1140.6 last month. Currently, NEPSE is trading below the 50 days moving average and 200 days moving average. MACD line and signal line are hovering around the positive zone signifying a bullish sentiment in the market. Last month, RSI increased from the 30s zone to the 60s zone indicating an increase in buying pressure in the market. At the end of month, RSI has retraced back to the 50s zone signifying a correction in current market. Last month, OBV has increased by 1.2 b indicating an increase in buying pressure in the market. The distance between the upper Bollinger band and lower Bollinger band has increased indicating a high volatility in the market. The immediate support and resistance remain same at 1090 and 1150 respectively. </div>
<div>
</div>
',
'status' => true,
'publish_date' => null,
'created' => '2019-04-03 17:40:14',
'modified' => '2019-04-08 10:33:44',
'keywords' => '',
'description' => '',
'sortorder' => '2414',
'feature_article' => true,
'user_id' => '22',
'image1' => null,
'image2' => null,
'image3' => null,
'image4' => null
),
'MagazineIssue' => array(
'id' => '997',
'image' => '20190403105608_April 2019.jpg',
'sortorder' => '1545',
'published' => true,
'created' => '2019-04-01 14:20:06',
'modified' => '2019-04-05 11:32:19',
'title' => 'April 2019',
'publish_date' => '2019-04-01',
'parent_id' => '0',
'homepage' => true,
'user_id' => '11'
),
'MagazineCategory' => array(
'id' => '63',
'title' => 'Stock Taking',
'sortorder' => '516',
'status' => true,
'created' => '0000-00-00 00:00:00',
'homepage' => true,
'modified' => '2013-04-01 00:00:00'
),
'User' => array(
'password' => '*****',
'id' => '22',
'user_detail_id' => '1',
'group_id' => '24',
'username' => 'kishor.bam@newbusinessage.com',
'name' => '',
'email' => 'kishor.bam@newbusinessage.com',
'address' => '',
'gender' => '',
'access' => '1',
'phone' => '',
'access_type' => '0',
'activated' => false,
'sortorder' => '0',
'published' => '0',
'created' => '2018-11-30 10:47:22',
'last_login' => '2019-06-09 10:32:40',
'ip' => '202.63.242.112'
),
'MagazineArticleComment' => array(),
'MagazineView' => array(
(int) 0 => array(
'magazine_article_id' => '2464',
'hit' => '2481'
)
)
)
$current_user = null
$logged_in = false
$user = null
include - APP/View/MagazineArticles/view.ctp, line 54
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::render() - CORE/Cake/View/View.php, line 473
Controller::render() - CORE/Cake/Controller/Controller.php, line 968
Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200
Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167
[main] - APP/webroot/index.php, line 117
Notice (8): Trying to access array offset on value of type null [APP/View/MagazineArticles/view.ctp, line 55]
//find the group of logged user
$groupId = $user['Group']['id'];
$user_id=$user["id"];
$viewFile = '/var/www/html/newbusinessage.com/app/View/MagazineArticles/view.ctp'
$dataForView = array(
'magazineArticle' => array(
'MagazineArticle' => array(
'id' => '2464',
'magazine_issue_id' => '997',
'magazine_category_id' => '63',
'title' => 'Monthly Technical Analysis of Nepse (February 27th 2019 – March 21th 2019)',
'image' => '20190403054014_1111.jpg',
'short_content' => 'NEPSE gained 38.04 points (or up 3.45%) to close at 1140.6 last month. At the beginning of month, NEPSE showed a bullish momentum breaking the resistance level of 50 days moving average.',
'content' => '<div>
<span style="font-size:18px;"><strong>38% Retracement </strong></span></div>
<div style="text-align: center;">
</div>
<div style="text-align: center;">
<img alt="" src="/app/webroot/userfiles/images/1%2832%29.jpg" style="width: 800px; height: 286px;" /></div>
<div style="text-align: center;">
<img alt="" src="/app/webroot/userfiles/images/1x%286%29.jpg" style="width: 800px; height: 788px;" /></div>
<div style="text-align: center;">
</div>
<div>
<span style="font-size:14px;"><strong>Trend Analysis</strong></span></div>
<div>
NEPSE gained 38.04 points (or up 3.45%) to close at 1140.6 last month. At the beginning of month, NEPSE showed a bullish momentum breaking the resistance level of 50 days moving average. However, at the end of month, NEPSE broke the support level of 50 days moving average. Currently, NEPSE is trading below the 50 days moving average and 200 days moving average. The average daily volume turnover has decreased to NPR 30.26 crores from NPR 32.25 crores. Currently, NEPSE is trading at the 38.2% of recent upswing from 1100.49 to 1166.27.</div>
<div>
</div>
<div>
<span style="font-size:14px;"><strong>Resistance and Support</strong></span></div>
<div>
In course of month, NEPSE index showed bullish momentum for most of the days breaking the resistance level of 1150. However, at the end of month, NEPSE broke the support level of 1150 and traded below the 1150 level. The average traded volume was lower than the previous month indicating a decreased market participation. The immediate support and resistance remain same at 1090 and 1150 respectively.</div>
<div>
</div>
<div style="text-align: center;">
<img alt="" src="/app/webroot/userfiles/images/2%2825%29.jpg" style="width: 800px; height: 241px;" /></div>
<div>
</div>
<div>
<span style="font-size:14px;"><strong>Nepse Trend Indicator</strong></span></div>
<div>
<span style="font-size:12px;"><strong>a. MACD</strong></span></div>
<div>
The MACD is a momentum oscillator formed by using two different types of moving averages, which provides specific buying or selling signals. When a MACD line crosses above the signal line, it is considered to be a positive sign and indicates a time to buy, and vice-versa.</div>
<div>
The MACD and the signal line, at the beginning of last month, stood at -15.80 and -14.99 respectively. By the end of the month, MACD line and signal increased by 20.08 and 15.009 to close at 4.29 and 0.02. At the beginning of month, MACD line crossed the signal line from the below indicating a bullish crossover in the market. Currently, MACD line and signal line are hovering around the positive zone signifying a bullish sentiment in the market.</div>
<div>
</div>
<div style="text-align: center;">
<img alt="" src="/app/webroot/userfiles/images/3%2821%29.jpg" style="width: 800px; height: 148px;" /></div>
<div>
</div>
<div>
<strong><span style="font-size:12px;">b. RSI</span></strong></div>
<div>
RSI is a form of leading indicator that is believed to be most effective during periods of sideways movement. Such indicators may create numerous buy and sell signals that are useful when the market is not clearly trending upwards or downwards.</div>
<div>
The RSI, at the beginning of month, stood at 33.58 level. In the course of month, RSI increased by 17.98 points to close at 51.57. Last month, RSI increased from the 30s zone to the 60s zone indicating an increase in buying pressure in the market. At the end of month, RSI has retraced back to the 50s zone signifying a correction in current market.</div>
<div>
</div>
<div style="text-align: center;">
<img alt="" src="/app/webroot/userfiles/images/3x%20Zoom%282%29.jpg" style="width: 800px; height: 155px;" /></div>
<div>
</div>
<div>
<span style="font-size:12px;"><strong>c. OBV</strong></span></div>
<div>
On balance volume is a momentum indicator that uses volume flow to predict changes in stock prices. It measures buying and selling pressure as a cumulative indicator that adds volume in up days and subtracts volume on down days.</div>
<div>
</div>
<div>
The on-balance volume, at the beginning of last month, stood at -14.8 b level. In the course of month, it gained 1.2 b points to close at -13.6 b. Last month, OBV has increased by 1.2 b indicating an increase in buying pressure in the market.</div>
<div>
</div>
<div style="text-align: center;">
<img alt="" src="/app/webroot/userfiles/images/4%2814%29.jpg" style="width: 800px; height: 155px;" /></div>
<div>
</div>
<div>
<span style="font-size:12px;"><strong>d. Bollinger Bands</strong></span></div>
<div>
The Bollinger Band is a technical indicator that consists of a moving average (21-day) along with two trading bands above (upper band) and below it (lower band). The bands are an indication of volatility, which are represented by calculating standard deviation.</div>
<div>
At the beginning of month, NEPSE index traded from the lower Bollinger band to the mid Bollinger band. NEPSE index broke the resistance of mid Bollinger band and traded at upper Bollinger band. At the end of month, NEPSE index traded from the upper Bollinger band to the lower Bollinger band indicating a selling pressure in the market. The distance between the upper Bollinger band and lower Bollinger band has increased indicating a high volatility in the market.</div>
<div>
</div>
<div style="text-align: center;">
<img alt="" src="/app/webroot/userfiles/images/21%20feb%20watch%20img%283%29.JPG" style="width: 800px; height: 436px;" /></div>
<div>
</div>
<div>
<span style="font-size:12px;"><strong>e. Overview</strong></span></div>
<div>
NEPSE gained 38.04 points (or up 3.45%) to close at 1140.6 last month. Currently, NEPSE is trading below the 50 days moving average and 200 days moving average. MACD line and signal line are hovering around the positive zone signifying a bullish sentiment in the market. Last month, RSI increased from the 30s zone to the 60s zone indicating an increase in buying pressure in the market. At the end of month, RSI has retraced back to the 50s zone signifying a correction in current market. Last month, OBV has increased by 1.2 b indicating an increase in buying pressure in the market. The distance between the upper Bollinger band and lower Bollinger band has increased indicating a high volatility in the market. The immediate support and resistance remain same at 1090 and 1150 respectively. </div>
<div>
</div>
',
'status' => true,
'publish_date' => null,
'created' => '2019-04-03 17:40:14',
'modified' => '2019-04-08 10:33:44',
'keywords' => '',
'description' => '',
'sortorder' => '2414',
'feature_article' => true,
'user_id' => '22',
'image1' => null,
'image2' => null,
'image3' => null,
'image4' => null
),
'MagazineIssue' => array(
'id' => '997',
'image' => '20190403105608_April 2019.jpg',
'sortorder' => '1545',
'published' => true,
'created' => '2019-04-01 14:20:06',
'modified' => '2019-04-05 11:32:19',
'title' => 'April 2019',
'publish_date' => '2019-04-01',
'parent_id' => '0',
'homepage' => true,
'user_id' => '11'
),
'MagazineCategory' => array(
'id' => '63',
'title' => 'Stock Taking',
'sortorder' => '516',
'status' => true,
'created' => '0000-00-00 00:00:00',
'homepage' => true,
'modified' => '2013-04-01 00:00:00'
),
'User' => array(
'password' => '*****',
'id' => '22',
'user_detail_id' => '1',
'group_id' => '24',
'username' => 'kishor.bam@newbusinessage.com',
'name' => '',
'email' => 'kishor.bam@newbusinessage.com',
'address' => '',
'gender' => '',
'access' => '1',
'phone' => '',
'access_type' => '0',
'activated' => false,
'sortorder' => '0',
'published' => '0',
'created' => '2018-11-30 10:47:22',
'last_login' => '2019-06-09 10:32:40',
'ip' => '202.63.242.112'
),
'MagazineArticleComment' => array(),
'MagazineView' => array(
(int) 0 => array(
[maximum depth reached]
)
)
),
'current_user' => null,
'logged_in' => false
)
$magazineArticle = array(
'MagazineArticle' => array(
'id' => '2464',
'magazine_issue_id' => '997',
'magazine_category_id' => '63',
'title' => 'Monthly Technical Analysis of Nepse (February 27th 2019 – March 21th 2019)',
'image' => '20190403054014_1111.jpg',
'short_content' => 'NEPSE gained 38.04 points (or up 3.45%) to close at 1140.6 last month. At the beginning of month, NEPSE showed a bullish momentum breaking the resistance level of 50 days moving average.',
'content' => '<div>
<span style="font-size:18px;"><strong>38% Retracement </strong></span></div>
<div style="text-align: center;">
</div>
<div style="text-align: center;">
<img alt="" src="/app/webroot/userfiles/images/1%2832%29.jpg" style="width: 800px; height: 286px;" /></div>
<div style="text-align: center;">
<img alt="" src="/app/webroot/userfiles/images/1x%286%29.jpg" style="width: 800px; height: 788px;" /></div>
<div style="text-align: center;">
</div>
<div>
<span style="font-size:14px;"><strong>Trend Analysis</strong></span></div>
<div>
NEPSE gained 38.04 points (or up 3.45%) to close at 1140.6 last month. At the beginning of month, NEPSE showed a bullish momentum breaking the resistance level of 50 days moving average. However, at the end of month, NEPSE broke the support level of 50 days moving average. Currently, NEPSE is trading below the 50 days moving average and 200 days moving average. The average daily volume turnover has decreased to NPR 30.26 crores from NPR 32.25 crores. Currently, NEPSE is trading at the 38.2% of recent upswing from 1100.49 to 1166.27.</div>
<div>
</div>
<div>
<span style="font-size:14px;"><strong>Resistance and Support</strong></span></div>
<div>
In course of month, NEPSE index showed bullish momentum for most of the days breaking the resistance level of 1150. However, at the end of month, NEPSE broke the support level of 1150 and traded below the 1150 level. The average traded volume was lower than the previous month indicating a decreased market participation. The immediate support and resistance remain same at 1090 and 1150 respectively.</div>
<div>
</div>
<div style="text-align: center;">
<img alt="" src="/app/webroot/userfiles/images/2%2825%29.jpg" style="width: 800px; height: 241px;" /></div>
<div>
</div>
<div>
<span style="font-size:14px;"><strong>Nepse Trend Indicator</strong></span></div>
<div>
<span style="font-size:12px;"><strong>a. MACD</strong></span></div>
<div>
The MACD is a momentum oscillator formed by using two different types of moving averages, which provides specific buying or selling signals. When a MACD line crosses above the signal line, it is considered to be a positive sign and indicates a time to buy, and vice-versa.</div>
<div>
The MACD and the signal line, at the beginning of last month, stood at -15.80 and -14.99 respectively. By the end of the month, MACD line and signal increased by 20.08 and 15.009 to close at 4.29 and 0.02. At the beginning of month, MACD line crossed the signal line from the below indicating a bullish crossover in the market. Currently, MACD line and signal line are hovering around the positive zone signifying a bullish sentiment in the market.</div>
<div>
</div>
<div style="text-align: center;">
<img alt="" src="/app/webroot/userfiles/images/3%2821%29.jpg" style="width: 800px; height: 148px;" /></div>
<div>
</div>
<div>
<strong><span style="font-size:12px;">b. RSI</span></strong></div>
<div>
RSI is a form of leading indicator that is believed to be most effective during periods of sideways movement. Such indicators may create numerous buy and sell signals that are useful when the market is not clearly trending upwards or downwards.</div>
<div>
The RSI, at the beginning of month, stood at 33.58 level. In the course of month, RSI increased by 17.98 points to close at 51.57. Last month, RSI increased from the 30s zone to the 60s zone indicating an increase in buying pressure in the market. At the end of month, RSI has retraced back to the 50s zone signifying a correction in current market.</div>
<div>
</div>
<div style="text-align: center;">
<img alt="" src="/app/webroot/userfiles/images/3x%20Zoom%282%29.jpg" style="width: 800px; height: 155px;" /></div>
<div>
</div>
<div>
<span style="font-size:12px;"><strong>c. OBV</strong></span></div>
<div>
On balance volume is a momentum indicator that uses volume flow to predict changes in stock prices. It measures buying and selling pressure as a cumulative indicator that adds volume in up days and subtracts volume on down days.</div>
<div>
</div>
<div>
The on-balance volume, at the beginning of last month, stood at -14.8 b level. In the course of month, it gained 1.2 b points to close at -13.6 b. Last month, OBV has increased by 1.2 b indicating an increase in buying pressure in the market.</div>
<div>
</div>
<div style="text-align: center;">
<img alt="" src="/app/webroot/userfiles/images/4%2814%29.jpg" style="width: 800px; height: 155px;" /></div>
<div>
</div>
<div>
<span style="font-size:12px;"><strong>d. Bollinger Bands</strong></span></div>
<div>
The Bollinger Band is a technical indicator that consists of a moving average (21-day) along with two trading bands above (upper band) and below it (lower band). The bands are an indication of volatility, which are represented by calculating standard deviation.</div>
<div>
At the beginning of month, NEPSE index traded from the lower Bollinger band to the mid Bollinger band. NEPSE index broke the resistance of mid Bollinger band and traded at upper Bollinger band. At the end of month, NEPSE index traded from the upper Bollinger band to the lower Bollinger band indicating a selling pressure in the market. The distance between the upper Bollinger band and lower Bollinger band has increased indicating a high volatility in the market.</div>
<div>
</div>
<div style="text-align: center;">
<img alt="" src="/app/webroot/userfiles/images/21%20feb%20watch%20img%283%29.JPG" style="width: 800px; height: 436px;" /></div>
<div>
</div>
<div>
<span style="font-size:12px;"><strong>e. Overview</strong></span></div>
<div>
NEPSE gained 38.04 points (or up 3.45%) to close at 1140.6 last month. Currently, NEPSE is trading below the 50 days moving average and 200 days moving average. MACD line and signal line are hovering around the positive zone signifying a bullish sentiment in the market. Last month, RSI increased from the 30s zone to the 60s zone indicating an increase in buying pressure in the market. At the end of month, RSI has retraced back to the 50s zone signifying a correction in current market. Last month, OBV has increased by 1.2 b indicating an increase in buying pressure in the market. The distance between the upper Bollinger band and lower Bollinger band has increased indicating a high volatility in the market. The immediate support and resistance remain same at 1090 and 1150 respectively. </div>
<div>
</div>
',
'status' => true,
'publish_date' => null,
'created' => '2019-04-03 17:40:14',
'modified' => '2019-04-08 10:33:44',
'keywords' => '',
'description' => '',
'sortorder' => '2414',
'feature_article' => true,
'user_id' => '22',
'image1' => null,
'image2' => null,
'image3' => null,
'image4' => null
),
'MagazineIssue' => array(
'id' => '997',
'image' => '20190403105608_April 2019.jpg',
'sortorder' => '1545',
'published' => true,
'created' => '2019-04-01 14:20:06',
'modified' => '2019-04-05 11:32:19',
'title' => 'April 2019',
'publish_date' => '2019-04-01',
'parent_id' => '0',
'homepage' => true,
'user_id' => '11'
),
'MagazineCategory' => array(
'id' => '63',
'title' => 'Stock Taking',
'sortorder' => '516',
'status' => true,
'created' => '0000-00-00 00:00:00',
'homepage' => true,
'modified' => '2013-04-01 00:00:00'
),
'User' => array(
'password' => '*****',
'id' => '22',
'user_detail_id' => '1',
'group_id' => '24',
'username' => 'kishor.bam@newbusinessage.com',
'name' => '',
'email' => 'kishor.bam@newbusinessage.com',
'address' => '',
'gender' => '',
'access' => '1',
'phone' => '',
'access_type' => '0',
'activated' => false,
'sortorder' => '0',
'published' => '0',
'created' => '2018-11-30 10:47:22',
'last_login' => '2019-06-09 10:32:40',
'ip' => '202.63.242.112'
),
'MagazineArticleComment' => array(),
'MagazineView' => array(
(int) 0 => array(
'magazine_article_id' => '2464',
'hit' => '2481'
)
)
)
$current_user = null
$logged_in = false
$user = null
$groupId = null
include - APP/View/MagazineArticles/view.ctp, line 55
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::render() - CORE/Cake/View/View.php, line 473
Controller::render() - CORE/Cake/Controller/Controller.php, line 968
Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200
Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167
[main] - APP/webroot/index.php, line 117
Notice (8): Undefined index: summary [APP/View/MagazineArticles/view.ctp, line 62]
$viewFile = '/var/www/html/newbusinessage.com/app/View/MagazineArticles/view.ctp'
$dataForView = array(
'magazineArticle' => array(
'MagazineArticle' => array(
'id' => '2464',
'magazine_issue_id' => '997',
'magazine_category_id' => '63',
'title' => 'Monthly Technical Analysis of Nepse (February 27th 2019 – March 21th 2019)',
'image' => '20190403054014_1111.jpg',
'short_content' => 'NEPSE gained 38.04 points (or up 3.45%) to close at 1140.6 last month. At the beginning of month, NEPSE showed a bullish momentum breaking the resistance level of 50 days moving average.',
'content' => '<div>
<span style="font-size:18px;"><strong>38% Retracement </strong></span></div>
<div style="text-align: center;">
</div>
<div style="text-align: center;">
<img alt="" src="/app/webroot/userfiles/images/1%2832%29.jpg" style="width: 800px; height: 286px;" /></div>
<div style="text-align: center;">
<img alt="" src="/app/webroot/userfiles/images/1x%286%29.jpg" style="width: 800px; height: 788px;" /></div>
<div style="text-align: center;">
</div>
<div>
<span style="font-size:14px;"><strong>Trend Analysis</strong></span></div>
<div>
NEPSE gained 38.04 points (or up 3.45%) to close at 1140.6 last month. At the beginning of month, NEPSE showed a bullish momentum breaking the resistance level of 50 days moving average. However, at the end of month, NEPSE broke the support level of 50 days moving average. Currently, NEPSE is trading below the 50 days moving average and 200 days moving average. The average daily volume turnover has decreased to NPR 30.26 crores from NPR 32.25 crores. Currently, NEPSE is trading at the 38.2% of recent upswing from 1100.49 to 1166.27.</div>
<div>
</div>
<div>
<span style="font-size:14px;"><strong>Resistance and Support</strong></span></div>
<div>
In course of month, NEPSE index showed bullish momentum for most of the days breaking the resistance level of 1150. However, at the end of month, NEPSE broke the support level of 1150 and traded below the 1150 level. The average traded volume was lower than the previous month indicating a decreased market participation. The immediate support and resistance remain same at 1090 and 1150 respectively.</div>
<div>
</div>
<div style="text-align: center;">
<img alt="" src="/app/webroot/userfiles/images/2%2825%29.jpg" style="width: 800px; height: 241px;" /></div>
<div>
</div>
<div>
<span style="font-size:14px;"><strong>Nepse Trend Indicator</strong></span></div>
<div>
<span style="font-size:12px;"><strong>a. MACD</strong></span></div>
<div>
The MACD is a momentum oscillator formed by using two different types of moving averages, which provides specific buying or selling signals. When a MACD line crosses above the signal line, it is considered to be a positive sign and indicates a time to buy, and vice-versa.</div>
<div>
The MACD and the signal line, at the beginning of last month, stood at -15.80 and -14.99 respectively. By the end of the month, MACD line and signal increased by 20.08 and 15.009 to close at 4.29 and 0.02. At the beginning of month, MACD line crossed the signal line from the below indicating a bullish crossover in the market. Currently, MACD line and signal line are hovering around the positive zone signifying a bullish sentiment in the market.</div>
<div>
</div>
<div style="text-align: center;">
<img alt="" src="/app/webroot/userfiles/images/3%2821%29.jpg" style="width: 800px; height: 148px;" /></div>
<div>
</div>
<div>
<strong><span style="font-size:12px;">b. RSI</span></strong></div>
<div>
RSI is a form of leading indicator that is believed to be most effective during periods of sideways movement. Such indicators may create numerous buy and sell signals that are useful when the market is not clearly trending upwards or downwards.</div>
<div>
The RSI, at the beginning of month, stood at 33.58 level. In the course of month, RSI increased by 17.98 points to close at 51.57. Last month, RSI increased from the 30s zone to the 60s zone indicating an increase in buying pressure in the market. At the end of month, RSI has retraced back to the 50s zone signifying a correction in current market.</div>
<div>
</div>
<div style="text-align: center;">
<img alt="" src="/app/webroot/userfiles/images/3x%20Zoom%282%29.jpg" style="width: 800px; height: 155px;" /></div>
<div>
</div>
<div>
<span style="font-size:12px;"><strong>c. OBV</strong></span></div>
<div>
On balance volume is a momentum indicator that uses volume flow to predict changes in stock prices. It measures buying and selling pressure as a cumulative indicator that adds volume in up days and subtracts volume on down days.</div>
<div>
</div>
<div>
The on-balance volume, at the beginning of last month, stood at -14.8 b level. In the course of month, it gained 1.2 b points to close at -13.6 b. Last month, OBV has increased by 1.2 b indicating an increase in buying pressure in the market.</div>
<div>
</div>
<div style="text-align: center;">
<img alt="" src="/app/webroot/userfiles/images/4%2814%29.jpg" style="width: 800px; height: 155px;" /></div>
<div>
</div>
<div>
<span style="font-size:12px;"><strong>d. Bollinger Bands</strong></span></div>
<div>
The Bollinger Band is a technical indicator that consists of a moving average (21-day) along with two trading bands above (upper band) and below it (lower band). The bands are an indication of volatility, which are represented by calculating standard deviation.</div>
<div>
At the beginning of month, NEPSE index traded from the lower Bollinger band to the mid Bollinger band. NEPSE index broke the resistance of mid Bollinger band and traded at upper Bollinger band. At the end of month, NEPSE index traded from the upper Bollinger band to the lower Bollinger band indicating a selling pressure in the market. The distance between the upper Bollinger band and lower Bollinger band has increased indicating a high volatility in the market.</div>
<div>
</div>
<div style="text-align: center;">
<img alt="" src="/app/webroot/userfiles/images/21%20feb%20watch%20img%283%29.JPG" style="width: 800px; height: 436px;" /></div>
<div>
</div>
<div>
<span style="font-size:12px;"><strong>e. Overview</strong></span></div>
<div>
NEPSE gained 38.04 points (or up 3.45%) to close at 1140.6 last month. Currently, NEPSE is trading below the 50 days moving average and 200 days moving average. MACD line and signal line are hovering around the positive zone signifying a bullish sentiment in the market. Last month, RSI increased from the 30s zone to the 60s zone indicating an increase in buying pressure in the market. At the end of month, RSI has retraced back to the 50s zone signifying a correction in current market. Last month, OBV has increased by 1.2 b indicating an increase in buying pressure in the market. The distance between the upper Bollinger band and lower Bollinger band has increased indicating a high volatility in the market. The immediate support and resistance remain same at 1090 and 1150 respectively. </div>
<div>
</div>
',
'status' => true,
'publish_date' => null,
'created' => '2019-04-03 17:40:14',
'modified' => '2019-04-08 10:33:44',
'keywords' => '',
'description' => '',
'sortorder' => '2414',
'feature_article' => true,
'user_id' => '22',
'image1' => null,
'image2' => null,
'image3' => null,
'image4' => null
),
'MagazineIssue' => array(
'id' => '997',
'image' => '20190403105608_April 2019.jpg',
'sortorder' => '1545',
'published' => true,
'created' => '2019-04-01 14:20:06',
'modified' => '2019-04-05 11:32:19',
'title' => 'April 2019',
'publish_date' => '2019-04-01',
'parent_id' => '0',
'homepage' => true,
'user_id' => '11'
),
'MagazineCategory' => array(
'id' => '63',
'title' => 'Stock Taking',
'sortorder' => '516',
'status' => true,
'created' => '0000-00-00 00:00:00',
'homepage' => true,
'modified' => '2013-04-01 00:00:00'
),
'User' => array(
'password' => '*****',
'id' => '22',
'user_detail_id' => '1',
'group_id' => '24',
'username' => 'kishor.bam@newbusinessage.com',
'name' => '',
'email' => 'kishor.bam@newbusinessage.com',
'address' => '',
'gender' => '',
'access' => '1',
'phone' => '',
'access_type' => '0',
'activated' => false,
'sortorder' => '0',
'published' => '0',
'created' => '2018-11-30 10:47:22',
'last_login' => '2019-06-09 10:32:40',
'ip' => '202.63.242.112'
),
'MagazineArticleComment' => array(),
'MagazineView' => array(
(int) 0 => array(
[maximum depth reached]
)
)
),
'current_user' => null,
'logged_in' => false
)
$magazineArticle = array(
'MagazineArticle' => array(
'id' => '2464',
'magazine_issue_id' => '997',
'magazine_category_id' => '63',
'title' => 'Monthly Technical Analysis of Nepse (February 27th 2019 – March 21th 2019)',
'image' => '20190403054014_1111.jpg',
'short_content' => 'NEPSE gained 38.04 points (or up 3.45%) to close at 1140.6 last month. At the beginning of month, NEPSE showed a bullish momentum breaking the resistance level of 50 days moving average.',
'content' => '<div>
<span style="font-size:18px;"><strong>38% Retracement </strong></span></div>
<div style="text-align: center;">
</div>
<div style="text-align: center;">
<img alt="" src="/app/webroot/userfiles/images/1%2832%29.jpg" style="width: 800px; height: 286px;" /></div>
<div style="text-align: center;">
<img alt="" src="/app/webroot/userfiles/images/1x%286%29.jpg" style="width: 800px; height: 788px;" /></div>
<div style="text-align: center;">
</div>
<div>
<span style="font-size:14px;"><strong>Trend Analysis</strong></span></div>
<div>
NEPSE gained 38.04 points (or up 3.45%) to close at 1140.6 last month. At the beginning of month, NEPSE showed a bullish momentum breaking the resistance level of 50 days moving average. However, at the end of month, NEPSE broke the support level of 50 days moving average. Currently, NEPSE is trading below the 50 days moving average and 200 days moving average. The average daily volume turnover has decreased to NPR 30.26 crores from NPR 32.25 crores. Currently, NEPSE is trading at the 38.2% of recent upswing from 1100.49 to 1166.27.</div>
<div>
</div>
<div>
<span style="font-size:14px;"><strong>Resistance and Support</strong></span></div>
<div>
In course of month, NEPSE index showed bullish momentum for most of the days breaking the resistance level of 1150. However, at the end of month, NEPSE broke the support level of 1150 and traded below the 1150 level. The average traded volume was lower than the previous month indicating a decreased market participation. The immediate support and resistance remain same at 1090 and 1150 respectively.</div>
<div>
</div>
<div style="text-align: center;">
<img alt="" src="/app/webroot/userfiles/images/2%2825%29.jpg" style="width: 800px; height: 241px;" /></div>
<div>
</div>
<div>
<span style="font-size:14px;"><strong>Nepse Trend Indicator</strong></span></div>
<div>
<span style="font-size:12px;"><strong>a. MACD</strong></span></div>
<div>
The MACD is a momentum oscillator formed by using two different types of moving averages, which provides specific buying or selling signals. When a MACD line crosses above the signal line, it is considered to be a positive sign and indicates a time to buy, and vice-versa.</div>
<div>
The MACD and the signal line, at the beginning of last month, stood at -15.80 and -14.99 respectively. By the end of the month, MACD line and signal increased by 20.08 and 15.009 to close at 4.29 and 0.02. At the beginning of month, MACD line crossed the signal line from the below indicating a bullish crossover in the market. Currently, MACD line and signal line are hovering around the positive zone signifying a bullish sentiment in the market.</div>
<div>
</div>
<div style="text-align: center;">
<img alt="" src="/app/webroot/userfiles/images/3%2821%29.jpg" style="width: 800px; height: 148px;" /></div>
<div>
</div>
<div>
<strong><span style="font-size:12px;">b. RSI</span></strong></div>
<div>
RSI is a form of leading indicator that is believed to be most effective during periods of sideways movement. Such indicators may create numerous buy and sell signals that are useful when the market is not clearly trending upwards or downwards.</div>
<div>
The RSI, at the beginning of month, stood at 33.58 level. In the course of month, RSI increased by 17.98 points to close at 51.57. Last month, RSI increased from the 30s zone to the 60s zone indicating an increase in buying pressure in the market. At the end of month, RSI has retraced back to the 50s zone signifying a correction in current market.</div>
<div>
</div>
<div style="text-align: center;">
<img alt="" src="/app/webroot/userfiles/images/3x%20Zoom%282%29.jpg" style="width: 800px; height: 155px;" /></div>
<div>
</div>
<div>
<span style="font-size:12px;"><strong>c. OBV</strong></span></div>
<div>
On balance volume is a momentum indicator that uses volume flow to predict changes in stock prices. It measures buying and selling pressure as a cumulative indicator that adds volume in up days and subtracts volume on down days.</div>
<div>
</div>
<div>
The on-balance volume, at the beginning of last month, stood at -14.8 b level. In the course of month, it gained 1.2 b points to close at -13.6 b. Last month, OBV has increased by 1.2 b indicating an increase in buying pressure in the market.</div>
<div>
</div>
<div style="text-align: center;">
<img alt="" src="/app/webroot/userfiles/images/4%2814%29.jpg" style="width: 800px; height: 155px;" /></div>
<div>
</div>
<div>
<span style="font-size:12px;"><strong>d. Bollinger Bands</strong></span></div>
<div>
The Bollinger Band is a technical indicator that consists of a moving average (21-day) along with two trading bands above (upper band) and below it (lower band). The bands are an indication of volatility, which are represented by calculating standard deviation.</div>
<div>
At the beginning of month, NEPSE index traded from the lower Bollinger band to the mid Bollinger band. NEPSE index broke the resistance of mid Bollinger band and traded at upper Bollinger band. At the end of month, NEPSE index traded from the upper Bollinger band to the lower Bollinger band indicating a selling pressure in the market. The distance between the upper Bollinger band and lower Bollinger band has increased indicating a high volatility in the market.</div>
<div>
</div>
<div style="text-align: center;">
<img alt="" src="/app/webroot/userfiles/images/21%20feb%20watch%20img%283%29.JPG" style="width: 800px; height: 436px;" /></div>
<div>
</div>
<div>
<span style="font-size:12px;"><strong>e. Overview</strong></span></div>
<div>
NEPSE gained 38.04 points (or up 3.45%) to close at 1140.6 last month. Currently, NEPSE is trading below the 50 days moving average and 200 days moving average. MACD line and signal line are hovering around the positive zone signifying a bullish sentiment in the market. Last month, RSI increased from the 30s zone to the 60s zone indicating an increase in buying pressure in the market. At the end of month, RSI has retraced back to the 50s zone signifying a correction in current market. Last month, OBV has increased by 1.2 b indicating an increase in buying pressure in the market. The distance between the upper Bollinger band and lower Bollinger band has increased indicating a high volatility in the market. The immediate support and resistance remain same at 1090 and 1150 respectively. </div>
<div>
</div>
',
'status' => true,
'publish_date' => null,
'created' => '2019-04-03 17:40:14',
'modified' => '2019-04-08 10:33:44',
'keywords' => '',
'description' => '',
'sortorder' => '2414',
'feature_article' => true,
'user_id' => '22',
'image1' => null,
'image2' => null,
'image3' => null,
'image4' => null
),
'MagazineIssue' => array(
'id' => '997',
'image' => '20190403105608_April 2019.jpg',
'sortorder' => '1545',
'published' => true,
'created' => '2019-04-01 14:20:06',
'modified' => '2019-04-05 11:32:19',
'title' => 'April 2019',
'publish_date' => '2019-04-01',
'parent_id' => '0',
'homepage' => true,
'user_id' => '11'
),
'MagazineCategory' => array(
'id' => '63',
'title' => 'Stock Taking',
'sortorder' => '516',
'status' => true,
'created' => '0000-00-00 00:00:00',
'homepage' => true,
'modified' => '2013-04-01 00:00:00'
),
'User' => array(
'password' => '*****',
'id' => '22',
'user_detail_id' => '1',
'group_id' => '24',
'username' => 'kishor.bam@newbusinessage.com',
'name' => '',
'email' => 'kishor.bam@newbusinessage.com',
'address' => '',
'gender' => '',
'access' => '1',
'phone' => '',
'access_type' => '0',
'activated' => false,
'sortorder' => '0',
'published' => '0',
'created' => '2018-11-30 10:47:22',
'last_login' => '2019-06-09 10:32:40',
'ip' => '202.63.242.112'
),
'MagazineArticleComment' => array(),
'MagazineView' => array(
(int) 0 => array(
'magazine_article_id' => '2464',
'hit' => '2481'
)
)
)
$current_user = null
$logged_in = false
$user = null
$groupId = null
$user_id = null
include - APP/View/MagazineArticles/view.ctp, line 62
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::render() - CORE/Cake/View/View.php, line 473
Controller::render() - CORE/Cake/Controller/Controller.php, line 968
Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200
Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167
[main] - APP/webroot/index.php, line 117
Notice (8): Undefined index: summary [APP/View/MagazineArticles/view.ctp, line 68]
$viewFile = '/var/www/html/newbusinessage.com/app/View/MagazineArticles/view.ctp'
$dataForView = array(
'magazineArticle' => array(
'MagazineArticle' => array(
'id' => '2464',
'magazine_issue_id' => '997',
'magazine_category_id' => '63',
'title' => 'Monthly Technical Analysis of Nepse (February 27th 2019 – March 21th 2019)',
'image' => '20190403054014_1111.jpg',
'short_content' => 'NEPSE gained 38.04 points (or up 3.45%) to close at 1140.6 last month. At the beginning of month, NEPSE showed a bullish momentum breaking the resistance level of 50 days moving average.',
'content' => '<div>
<span style="font-size:18px;"><strong>38% Retracement </strong></span></div>
<div style="text-align: center;">
</div>
<div style="text-align: center;">
<img alt="" src="/app/webroot/userfiles/images/1%2832%29.jpg" style="width: 800px; height: 286px;" /></div>
<div style="text-align: center;">
<img alt="" src="/app/webroot/userfiles/images/1x%286%29.jpg" style="width: 800px; height: 788px;" /></div>
<div style="text-align: center;">
</div>
<div>
<span style="font-size:14px;"><strong>Trend Analysis</strong></span></div>
<div>
NEPSE gained 38.04 points (or up 3.45%) to close at 1140.6 last month. At the beginning of month, NEPSE showed a bullish momentum breaking the resistance level of 50 days moving average. However, at the end of month, NEPSE broke the support level of 50 days moving average. Currently, NEPSE is trading below the 50 days moving average and 200 days moving average. The average daily volume turnover has decreased to NPR 30.26 crores from NPR 32.25 crores. Currently, NEPSE is trading at the 38.2% of recent upswing from 1100.49 to 1166.27.</div>
<div>
</div>
<div>
<span style="font-size:14px;"><strong>Resistance and Support</strong></span></div>
<div>
In course of month, NEPSE index showed bullish momentum for most of the days breaking the resistance level of 1150. However, at the end of month, NEPSE broke the support level of 1150 and traded below the 1150 level. The average traded volume was lower than the previous month indicating a decreased market participation. The immediate support and resistance remain same at 1090 and 1150 respectively.</div>
<div>
</div>
<div style="text-align: center;">
<img alt="" src="/app/webroot/userfiles/images/2%2825%29.jpg" style="width: 800px; height: 241px;" /></div>
<div>
</div>
<div>
<span style="font-size:14px;"><strong>Nepse Trend Indicator</strong></span></div>
<div>
<span style="font-size:12px;"><strong>a. MACD</strong></span></div>
<div>
The MACD is a momentum oscillator formed by using two different types of moving averages, which provides specific buying or selling signals. When a MACD line crosses above the signal line, it is considered to be a positive sign and indicates a time to buy, and vice-versa.</div>
<div>
The MACD and the signal line, at the beginning of last month, stood at -15.80 and -14.99 respectively. By the end of the month, MACD line and signal increased by 20.08 and 15.009 to close at 4.29 and 0.02. At the beginning of month, MACD line crossed the signal line from the below indicating a bullish crossover in the market. Currently, MACD line and signal line are hovering around the positive zone signifying a bullish sentiment in the market.</div>
<div>
</div>
<div style="text-align: center;">
<img alt="" src="/app/webroot/userfiles/images/3%2821%29.jpg" style="width: 800px; height: 148px;" /></div>
<div>
</div>
<div>
<strong><span style="font-size:12px;">b. RSI</span></strong></div>
<div>
RSI is a form of leading indicator that is believed to be most effective during periods of sideways movement. Such indicators may create numerous buy and sell signals that are useful when the market is not clearly trending upwards or downwards.</div>
<div>
The RSI, at the beginning of month, stood at 33.58 level. In the course of month, RSI increased by 17.98 points to close at 51.57. Last month, RSI increased from the 30s zone to the 60s zone indicating an increase in buying pressure in the market. At the end of month, RSI has retraced back to the 50s zone signifying a correction in current market.</div>
<div>
</div>
<div style="text-align: center;">
<img alt="" src="/app/webroot/userfiles/images/3x%20Zoom%282%29.jpg" style="width: 800px; height: 155px;" /></div>
<div>
</div>
<div>
<span style="font-size:12px;"><strong>c. OBV</strong></span></div>
<div>
On balance volume is a momentum indicator that uses volume flow to predict changes in stock prices. It measures buying and selling pressure as a cumulative indicator that adds volume in up days and subtracts volume on down days.</div>
<div>
</div>
<div>
The on-balance volume, at the beginning of last month, stood at -14.8 b level. In the course of month, it gained 1.2 b points to close at -13.6 b. Last month, OBV has increased by 1.2 b indicating an increase in buying pressure in the market.</div>
<div>
</div>
<div style="text-align: center;">
<img alt="" src="/app/webroot/userfiles/images/4%2814%29.jpg" style="width: 800px; height: 155px;" /></div>
<div>
</div>
<div>
<span style="font-size:12px;"><strong>d. Bollinger Bands</strong></span></div>
<div>
The Bollinger Band is a technical indicator that consists of a moving average (21-day) along with two trading bands above (upper band) and below it (lower band). The bands are an indication of volatility, which are represented by calculating standard deviation.</div>
<div>
At the beginning of month, NEPSE index traded from the lower Bollinger band to the mid Bollinger band. NEPSE index broke the resistance of mid Bollinger band and traded at upper Bollinger band. At the end of month, NEPSE index traded from the upper Bollinger band to the lower Bollinger band indicating a selling pressure in the market. The distance between the upper Bollinger band and lower Bollinger band has increased indicating a high volatility in the market.</div>
<div>
</div>
<div style="text-align: center;">
<img alt="" src="/app/webroot/userfiles/images/21%20feb%20watch%20img%283%29.JPG" style="width: 800px; height: 436px;" /></div>
<div>
</div>
<div>
<span style="font-size:12px;"><strong>e. Overview</strong></span></div>
<div>
NEPSE gained 38.04 points (or up 3.45%) to close at 1140.6 last month. Currently, NEPSE is trading below the 50 days moving average and 200 days moving average. MACD line and signal line are hovering around the positive zone signifying a bullish sentiment in the market. Last month, RSI increased from the 30s zone to the 60s zone indicating an increase in buying pressure in the market. At the end of month, RSI has retraced back to the 50s zone signifying a correction in current market. Last month, OBV has increased by 1.2 b indicating an increase in buying pressure in the market. The distance between the upper Bollinger band and lower Bollinger band has increased indicating a high volatility in the market. The immediate support and resistance remain same at 1090 and 1150 respectively. </div>
<div>
</div>
',
'status' => true,
'publish_date' => null,
'created' => '2019-04-03 17:40:14',
'modified' => '2019-04-08 10:33:44',
'keywords' => '',
'description' => '',
'sortorder' => '2414',
'feature_article' => true,
'user_id' => '22',
'image1' => null,
'image2' => null,
'image3' => null,
'image4' => null
),
'MagazineIssue' => array(
'id' => '997',
'image' => '20190403105608_April 2019.jpg',
'sortorder' => '1545',
'published' => true,
'created' => '2019-04-01 14:20:06',
'modified' => '2019-04-05 11:32:19',
'title' => 'April 2019',
'publish_date' => '2019-04-01',
'parent_id' => '0',
'homepage' => true,
'user_id' => '11'
),
'MagazineCategory' => array(
'id' => '63',
'title' => 'Stock Taking',
'sortorder' => '516',
'status' => true,
'created' => '0000-00-00 00:00:00',
'homepage' => true,
'modified' => '2013-04-01 00:00:00'
),
'User' => array(
'password' => '*****',
'id' => '22',
'user_detail_id' => '1',
'group_id' => '24',
'username' => 'kishor.bam@newbusinessage.com',
'name' => '',
'email' => 'kishor.bam@newbusinessage.com',
'address' => '',
'gender' => '',
'access' => '1',
'phone' => '',
'access_type' => '0',
'activated' => false,
'sortorder' => '0',
'published' => '0',
'created' => '2018-11-30 10:47:22',
'last_login' => '2019-06-09 10:32:40',
'ip' => '202.63.242.112'
),
'MagazineArticleComment' => array(),
'MagazineView' => array(
(int) 0 => array(
[maximum depth reached]
)
)
),
'current_user' => null,
'logged_in' => false
)
$magazineArticle = array(
'MagazineArticle' => array(
'id' => '2464',
'magazine_issue_id' => '997',
'magazine_category_id' => '63',
'title' => 'Monthly Technical Analysis of Nepse (February 27th 2019 – March 21th 2019)',
'image' => '20190403054014_1111.jpg',
'short_content' => 'NEPSE gained 38.04 points (or up 3.45%) to close at 1140.6 last month. At the beginning of month, NEPSE showed a bullish momentum breaking the resistance level of 50 days moving average.',
'content' => '<div>
<span style="font-size:18px;"><strong>38% Retracement </strong></span></div>
<div style="text-align: center;">
</div>
<div style="text-align: center;">
<img alt="" src="/app/webroot/userfiles/images/1%2832%29.jpg" style="width: 800px; height: 286px;" /></div>
<div style="text-align: center;">
<img alt="" src="/app/webroot/userfiles/images/1x%286%29.jpg" style="width: 800px; height: 788px;" /></div>
<div style="text-align: center;">
</div>
<div>
<span style="font-size:14px;"><strong>Trend Analysis</strong></span></div>
<div>
NEPSE gained 38.04 points (or up 3.45%) to close at 1140.6 last month. At the beginning of month, NEPSE showed a bullish momentum breaking the resistance level of 50 days moving average. However, at the end of month, NEPSE broke the support level of 50 days moving average. Currently, NEPSE is trading below the 50 days moving average and 200 days moving average. The average daily volume turnover has decreased to NPR 30.26 crores from NPR 32.25 crores. Currently, NEPSE is trading at the 38.2% of recent upswing from 1100.49 to 1166.27.</div>
<div>
</div>
<div>
<span style="font-size:14px;"><strong>Resistance and Support</strong></span></div>
<div>
In course of month, NEPSE index showed bullish momentum for most of the days breaking the resistance level of 1150. However, at the end of month, NEPSE broke the support level of 1150 and traded below the 1150 level. The average traded volume was lower than the previous month indicating a decreased market participation. The immediate support and resistance remain same at 1090 and 1150 respectively.</div>
<div>
</div>
<div style="text-align: center;">
<img alt="" src="/app/webroot/userfiles/images/2%2825%29.jpg" style="width: 800px; height: 241px;" /></div>
<div>
</div>
<div>
<span style="font-size:14px;"><strong>Nepse Trend Indicator</strong></span></div>
<div>
<span style="font-size:12px;"><strong>a. MACD</strong></span></div>
<div>
The MACD is a momentum oscillator formed by using two different types of moving averages, which provides specific buying or selling signals. When a MACD line crosses above the signal line, it is considered to be a positive sign and indicates a time to buy, and vice-versa.</div>
<div>
The MACD and the signal line, at the beginning of last month, stood at -15.80 and -14.99 respectively. By the end of the month, MACD line and signal increased by 20.08 and 15.009 to close at 4.29 and 0.02. At the beginning of month, MACD line crossed the signal line from the below indicating a bullish crossover in the market. Currently, MACD line and signal line are hovering around the positive zone signifying a bullish sentiment in the market.</div>
<div>
</div>
<div style="text-align: center;">
<img alt="" src="/app/webroot/userfiles/images/3%2821%29.jpg" style="width: 800px; height: 148px;" /></div>
<div>
</div>
<div>
<strong><span style="font-size:12px;">b. RSI</span></strong></div>
<div>
RSI is a form of leading indicator that is believed to be most effective during periods of sideways movement. Such indicators may create numerous buy and sell signals that are useful when the market is not clearly trending upwards or downwards.</div>
<div>
The RSI, at the beginning of month, stood at 33.58 level. In the course of month, RSI increased by 17.98 points to close at 51.57. Last month, RSI increased from the 30s zone to the 60s zone indicating an increase in buying pressure in the market. At the end of month, RSI has retraced back to the 50s zone signifying a correction in current market.</div>
<div>
</div>
<div style="text-align: center;">
<img alt="" src="/app/webroot/userfiles/images/3x%20Zoom%282%29.jpg" style="width: 800px; height: 155px;" /></div>
<div>
</div>
<div>
<span style="font-size:12px;"><strong>c. OBV</strong></span></div>
<div>
On balance volume is a momentum indicator that uses volume flow to predict changes in stock prices. It measures buying and selling pressure as a cumulative indicator that adds volume in up days and subtracts volume on down days.</div>
<div>
</div>
<div>
The on-balance volume, at the beginning of last month, stood at -14.8 b level. In the course of month, it gained 1.2 b points to close at -13.6 b. Last month, OBV has increased by 1.2 b indicating an increase in buying pressure in the market.</div>
<div>
</div>
<div style="text-align: center;">
<img alt="" src="/app/webroot/userfiles/images/4%2814%29.jpg" style="width: 800px; height: 155px;" /></div>
<div>
</div>
<div>
<span style="font-size:12px;"><strong>d. Bollinger Bands</strong></span></div>
<div>
The Bollinger Band is a technical indicator that consists of a moving average (21-day) along with two trading bands above (upper band) and below it (lower band). The bands are an indication of volatility, which are represented by calculating standard deviation.</div>
<div>
At the beginning of month, NEPSE index traded from the lower Bollinger band to the mid Bollinger band. NEPSE index broke the resistance of mid Bollinger band and traded at upper Bollinger band. At the end of month, NEPSE index traded from the upper Bollinger band to the lower Bollinger band indicating a selling pressure in the market. The distance between the upper Bollinger band and lower Bollinger band has increased indicating a high volatility in the market.</div>
<div>
</div>
<div style="text-align: center;">
<img alt="" src="/app/webroot/userfiles/images/21%20feb%20watch%20img%283%29.JPG" style="width: 800px; height: 436px;" /></div>
<div>
</div>
<div>
<span style="font-size:12px;"><strong>e. Overview</strong></span></div>
<div>
NEPSE gained 38.04 points (or up 3.45%) to close at 1140.6 last month. Currently, NEPSE is trading below the 50 days moving average and 200 days moving average. MACD line and signal line are hovering around the positive zone signifying a bullish sentiment in the market. Last month, RSI increased from the 30s zone to the 60s zone indicating an increase in buying pressure in the market. At the end of month, RSI has retraced back to the 50s zone signifying a correction in current market. Last month, OBV has increased by 1.2 b indicating an increase in buying pressure in the market. The distance between the upper Bollinger band and lower Bollinger band has increased indicating a high volatility in the market. The immediate support and resistance remain same at 1090 and 1150 respectively. </div>
<div>
</div>
',
'status' => true,
'publish_date' => null,
'created' => '2019-04-03 17:40:14',
'modified' => '2019-04-08 10:33:44',
'keywords' => '',
'description' => '',
'sortorder' => '2414',
'feature_article' => true,
'user_id' => '22',
'image1' => null,
'image2' => null,
'image3' => null,
'image4' => null
),
'MagazineIssue' => array(
'id' => '997',
'image' => '20190403105608_April 2019.jpg',
'sortorder' => '1545',
'published' => true,
'created' => '2019-04-01 14:20:06',
'modified' => '2019-04-05 11:32:19',
'title' => 'April 2019',
'publish_date' => '2019-04-01',
'parent_id' => '0',
'homepage' => true,
'user_id' => '11'
),
'MagazineCategory' => array(
'id' => '63',
'title' => 'Stock Taking',
'sortorder' => '516',
'status' => true,
'created' => '0000-00-00 00:00:00',
'homepage' => true,
'modified' => '2013-04-01 00:00:00'
),
'User' => array(
'password' => '*****',
'id' => '22',
'user_detail_id' => '1',
'group_id' => '24',
'username' => 'kishor.bam@newbusinessage.com',
'name' => '',
'email' => 'kishor.bam@newbusinessage.com',
'address' => '',
'gender' => '',
'access' => '1',
'phone' => '',
'access_type' => '0',
'activated' => false,
'sortorder' => '0',
'published' => '0',
'created' => '2018-11-30 10:47:22',
'last_login' => '2019-06-09 10:32:40',
'ip' => '202.63.242.112'
),
'MagazineArticleComment' => array(),
'MagazineView' => array(
(int) 0 => array(
'magazine_article_id' => '2464',
'hit' => '2481'
)
)
)
$current_user = null
$logged_in = false
$user = null
$groupId = null
$user_id = null
include - APP/View/MagazineArticles/view.ctp, line 68
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::render() - CORE/Cake/View/View.php, line 473
Controller::render() - CORE/Cake/Controller/Controller.php, line 968
Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200
Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167
[main] - APP/webroot/index.php, line 117
Monthly Technical Analysis of Nepse (February 27th 2019 – March 21th 2019)
5 min 1 sec to read
38% Retracement
Trend Analysis
NEPSE gained 38.04 points (or up 3.45%) to close at 1140.6 last month. At the beginning of month, NEPSE showed a bullish momentum breaking the resistance level of 50 days moving average. However, at the end of month, NEPSE broke the support level of 50 days moving average. Currently, NEPSE is trading below the 50 days moving average and 200 days moving average. The average daily volume turnover has decreased to NPR 30.26 crores from NPR 32.25 crores. Currently, NEPSE is trading at the 38.2% of recent upswing from 1100.49 to 1166.27.
Resistance and Support
In course of month, NEPSE index showed bullish momentum for most of the days breaking the resistance level of 1150. However, at the end of month, NEPSE broke the support level of 1150 and traded below the 1150 level. The average traded volume was lower than the previous month indicating a decreased market participation. The immediate support and resistance remain same at 1090 and 1150 respectively.
Nepse Trend Indicator
a. MACD
The MACD is a momentum oscillator formed by using two different types of moving averages, which provides specific buying or selling signals. When a MACD line crosses above the signal line, it is considered to be a positive sign and indicates a time to buy, and vice-versa.
The MACD and the signal line, at the beginning of last month, stood at -15.80 and -14.99 respectively. By the end of the month, MACD line and signal increased by 20.08 and 15.009 to close at 4.29 and 0.02. At the beginning of month, MACD line crossed the signal line from the below indicating a bullish crossover in the market. Currently, MACD line and signal line are hovering around the positive zone signifying a bullish sentiment in the market.
b. RSI
RSI is a form of leading indicator that is believed to be most effective during periods of sideways movement. Such indicators may create numerous buy and sell signals that are useful when the market is not clearly trending upwards or downwards.
The RSI, at the beginning of month, stood at 33.58 level. In the course of month, RSI increased by 17.98 points to close at 51.57. Last month, RSI increased from the 30s zone to the 60s zone indicating an increase in buying pressure in the market. At the end of month, RSI has retraced back to the 50s zone signifying a correction in current market.
c. OBV
On balance volume is a momentum indicator that uses volume flow to predict changes in stock prices. It measures buying and selling pressure as a cumulative indicator that adds volume in up days and subtracts volume on down days.
The on-balance volume, at the beginning of last month, stood at -14.8 b level. In the course of month, it gained 1.2 b points to close at -13.6 b. Last month, OBV has increased by 1.2 b indicating an increase in buying pressure in the market.
d. Bollinger Bands
The Bollinger Band is a technical indicator that consists of a moving average (21-day) along with two trading bands above (upper band) and below it (lower band). The bands are an indication of volatility, which are represented by calculating standard deviation.
At the beginning of month, NEPSE index traded from the lower Bollinger band to the mid Bollinger band. NEPSE index broke the resistance of mid Bollinger band and traded at upper Bollinger band. At the end of month, NEPSE index traded from the upper Bollinger band to the lower Bollinger band indicating a selling pressure in the market. The distance between the upper Bollinger band and lower Bollinger band has increased indicating a high volatility in the market.
e. Overview
NEPSE gained 38.04 points (or up 3.45%) to close at 1140.6 last month. Currently, NEPSE is trading below the 50 days moving average and 200 days moving average. MACD line and signal line are hovering around the positive zone signifying a bullish sentiment in the market. Last month, RSI increased from the 30s zone to the 60s zone indicating an increase in buying pressure in the market. At the end of month, RSI has retraced back to the 50s zone signifying a correction in current market. Last month, OBV has increased by 1.2 b indicating an increase in buying pressure in the market. The distance between the upper Bollinger band and lower Bollinger band has increased indicating a high volatility in the market. The immediate support and resistance remain same at 1090 and 1150 respectively.
$viewFile = '/var/www/html/newbusinessage.com/app/View/Elements/side_bar.ctp'
$dataForView = array(
'magazineArticle' => array(
'MagazineArticle' => array(
'id' => '2464',
'magazine_issue_id' => '997',
'magazine_category_id' => '63',
'title' => 'Monthly Technical Analysis of Nepse (February 27th 2019 – March 21th 2019)',
'image' => '20190403054014_1111.jpg',
'short_content' => 'NEPSE gained 38.04 points (or up 3.45%) to close at 1140.6 last month. At the beginning of month, NEPSE showed a bullish momentum breaking the resistance level of 50 days moving average.',
'content' => '<div>
<span style="font-size:18px;"><strong>38% Retracement </strong></span></div>
<div style="text-align: center;">
</div>
<div style="text-align: center;">
<img alt="" src="/app/webroot/userfiles/images/1%2832%29.jpg" style="width: 800px; height: 286px;" /></div>
<div style="text-align: center;">
<img alt="" src="/app/webroot/userfiles/images/1x%286%29.jpg" style="width: 800px; height: 788px;" /></div>
<div style="text-align: center;">
</div>
<div>
<span style="font-size:14px;"><strong>Trend Analysis</strong></span></div>
<div>
NEPSE gained 38.04 points (or up 3.45%) to close at 1140.6 last month. At the beginning of month, NEPSE showed a bullish momentum breaking the resistance level of 50 days moving average. However, at the end of month, NEPSE broke the support level of 50 days moving average. Currently, NEPSE is trading below the 50 days moving average and 200 days moving average. The average daily volume turnover has decreased to NPR 30.26 crores from NPR 32.25 crores. Currently, NEPSE is trading at the 38.2% of recent upswing from 1100.49 to 1166.27.</div>
<div>
</div>
<div>
<span style="font-size:14px;"><strong>Resistance and Support</strong></span></div>
<div>
In course of month, NEPSE index showed bullish momentum for most of the days breaking the resistance level of 1150. However, at the end of month, NEPSE broke the support level of 1150 and traded below the 1150 level. The average traded volume was lower than the previous month indicating a decreased market participation. The immediate support and resistance remain same at 1090 and 1150 respectively.</div>
<div>
</div>
<div style="text-align: center;">
<img alt="" src="/app/webroot/userfiles/images/2%2825%29.jpg" style="width: 800px; height: 241px;" /></div>
<div>
</div>
<div>
<span style="font-size:14px;"><strong>Nepse Trend Indicator</strong></span></div>
<div>
<span style="font-size:12px;"><strong>a. MACD</strong></span></div>
<div>
The MACD is a momentum oscillator formed by using two different types of moving averages, which provides specific buying or selling signals. When a MACD line crosses above the signal line, it is considered to be a positive sign and indicates a time to buy, and vice-versa.</div>
<div>
The MACD and the signal line, at the beginning of last month, stood at -15.80 and -14.99 respectively. By the end of the month, MACD line and signal increased by 20.08 and 15.009 to close at 4.29 and 0.02. At the beginning of month, MACD line crossed the signal line from the below indicating a bullish crossover in the market. Currently, MACD line and signal line are hovering around the positive zone signifying a bullish sentiment in the market.</div>
<div>
</div>
<div style="text-align: center;">
<img alt="" src="/app/webroot/userfiles/images/3%2821%29.jpg" style="width: 800px; height: 148px;" /></div>
<div>
</div>
<div>
<strong><span style="font-size:12px;">b. RSI</span></strong></div>
<div>
RSI is a form of leading indicator that is believed to be most effective during periods of sideways movement. Such indicators may create numerous buy and sell signals that are useful when the market is not clearly trending upwards or downwards.</div>
<div>
The RSI, at the beginning of month, stood at 33.58 level. In the course of month, RSI increased by 17.98 points to close at 51.57. Last month, RSI increased from the 30s zone to the 60s zone indicating an increase in buying pressure in the market. At the end of month, RSI has retraced back to the 50s zone signifying a correction in current market.</div>
<div>
</div>
<div style="text-align: center;">
<img alt="" src="/app/webroot/userfiles/images/3x%20Zoom%282%29.jpg" style="width: 800px; height: 155px;" /></div>
<div>
</div>
<div>
<span style="font-size:12px;"><strong>c. OBV</strong></span></div>
<div>
On balance volume is a momentum indicator that uses volume flow to predict changes in stock prices. It measures buying and selling pressure as a cumulative indicator that adds volume in up days and subtracts volume on down days.</div>
<div>
</div>
<div>
The on-balance volume, at the beginning of last month, stood at -14.8 b level. In the course of month, it gained 1.2 b points to close at -13.6 b. Last month, OBV has increased by 1.2 b indicating an increase in buying pressure in the market.</div>
<div>
</div>
<div style="text-align: center;">
<img alt="" src="/app/webroot/userfiles/images/4%2814%29.jpg" style="width: 800px; height: 155px;" /></div>
<div>
</div>
<div>
<span style="font-size:12px;"><strong>d. Bollinger Bands</strong></span></div>
<div>
The Bollinger Band is a technical indicator that consists of a moving average (21-day) along with two trading bands above (upper band) and below it (lower band). The bands are an indication of volatility, which are represented by calculating standard deviation.</div>
<div>
At the beginning of month, NEPSE index traded from the lower Bollinger band to the mid Bollinger band. NEPSE index broke the resistance of mid Bollinger band and traded at upper Bollinger band. At the end of month, NEPSE index traded from the upper Bollinger band to the lower Bollinger band indicating a selling pressure in the market. The distance between the upper Bollinger band and lower Bollinger band has increased indicating a high volatility in the market.</div>
<div>
</div>
<div style="text-align: center;">
<img alt="" src="/app/webroot/userfiles/images/21%20feb%20watch%20img%283%29.JPG" style="width: 800px; height: 436px;" /></div>
<div>
</div>
<div>
<span style="font-size:12px;"><strong>e. Overview</strong></span></div>
<div>
NEPSE gained 38.04 points (or up 3.45%) to close at 1140.6 last month. Currently, NEPSE is trading below the 50 days moving average and 200 days moving average. MACD line and signal line are hovering around the positive zone signifying a bullish sentiment in the market. Last month, RSI increased from the 30s zone to the 60s zone indicating an increase in buying pressure in the market. At the end of month, RSI has retraced back to the 50s zone signifying a correction in current market. Last month, OBV has increased by 1.2 b indicating an increase in buying pressure in the market. The distance between the upper Bollinger band and lower Bollinger band has increased indicating a high volatility in the market. The immediate support and resistance remain same at 1090 and 1150 respectively. </div>
<div>
</div>
',
'status' => true,
'publish_date' => null,
'created' => '2019-04-03 17:40:14',
'modified' => '2019-04-08 10:33:44',
'keywords' => '',
'description' => '',
'sortorder' => '2414',
'feature_article' => true,
'user_id' => '22',
'image1' => null,
'image2' => null,
'image3' => null,
'image4' => null
),
'MagazineIssue' => array(
'id' => '997',
'image' => '20190403105608_April 2019.jpg',
'sortorder' => '1545',
'published' => true,
'created' => '2019-04-01 14:20:06',
'modified' => '2019-04-05 11:32:19',
'title' => 'April 2019',
'publish_date' => '2019-04-01',
'parent_id' => '0',
'homepage' => true,
'user_id' => '11'
),
'MagazineCategory' => array(
'id' => '63',
'title' => 'Stock Taking',
'sortorder' => '516',
'status' => true,
'created' => '0000-00-00 00:00:00',
'homepage' => true,
'modified' => '2013-04-01 00:00:00'
),
'User' => array(
'password' => '*****',
'id' => '22',
'user_detail_id' => '1',
'group_id' => '24',
'username' => 'kishor.bam@newbusinessage.com',
'name' => '',
'email' => 'kishor.bam@newbusinessage.com',
'address' => '',
'gender' => '',
'access' => '1',
'phone' => '',
'access_type' => '0',
'activated' => false,
'sortorder' => '0',
'published' => '0',
'created' => '2018-11-30 10:47:22',
'last_login' => '2019-06-09 10:32:40',
'ip' => '202.63.242.112'
),
'MagazineArticleComment' => array(),
'MagazineView' => array(
(int) 0 => array(
[maximum depth reached]
)
)
),
'current_user' => null,
'logged_in' => false
)
$magazineArticle = array(
'MagazineArticle' => array(
'id' => '2464',
'magazine_issue_id' => '997',
'magazine_category_id' => '63',
'title' => 'Monthly Technical Analysis of Nepse (February 27th 2019 – March 21th 2019)',
'image' => '20190403054014_1111.jpg',
'short_content' => 'NEPSE gained 38.04 points (or up 3.45%) to close at 1140.6 last month. At the beginning of month, NEPSE showed a bullish momentum breaking the resistance level of 50 days moving average.',
'content' => '<div>
<span style="font-size:18px;"><strong>38% Retracement </strong></span></div>
<div style="text-align: center;">
</div>
<div style="text-align: center;">
<img alt="" src="/app/webroot/userfiles/images/1%2832%29.jpg" style="width: 800px; height: 286px;" /></div>
<div style="text-align: center;">
<img alt="" src="/app/webroot/userfiles/images/1x%286%29.jpg" style="width: 800px; height: 788px;" /></div>
<div style="text-align: center;">
</div>
<div>
<span style="font-size:14px;"><strong>Trend Analysis</strong></span></div>
<div>
NEPSE gained 38.04 points (or up 3.45%) to close at 1140.6 last month. At the beginning of month, NEPSE showed a bullish momentum breaking the resistance level of 50 days moving average. However, at the end of month, NEPSE broke the support level of 50 days moving average. Currently, NEPSE is trading below the 50 days moving average and 200 days moving average. The average daily volume turnover has decreased to NPR 30.26 crores from NPR 32.25 crores. Currently, NEPSE is trading at the 38.2% of recent upswing from 1100.49 to 1166.27.</div>
<div>
</div>
<div>
<span style="font-size:14px;"><strong>Resistance and Support</strong></span></div>
<div>
In course of month, NEPSE index showed bullish momentum for most of the days breaking the resistance level of 1150. However, at the end of month, NEPSE broke the support level of 1150 and traded below the 1150 level. The average traded volume was lower than the previous month indicating a decreased market participation. The immediate support and resistance remain same at 1090 and 1150 respectively.</div>
<div>
</div>
<div style="text-align: center;">
<img alt="" src="/app/webroot/userfiles/images/2%2825%29.jpg" style="width: 800px; height: 241px;" /></div>
<div>
</div>
<div>
<span style="font-size:14px;"><strong>Nepse Trend Indicator</strong></span></div>
<div>
<span style="font-size:12px;"><strong>a. MACD</strong></span></div>
<div>
The MACD is a momentum oscillator formed by using two different types of moving averages, which provides specific buying or selling signals. When a MACD line crosses above the signal line, it is considered to be a positive sign and indicates a time to buy, and vice-versa.</div>
<div>
The MACD and the signal line, at the beginning of last month, stood at -15.80 and -14.99 respectively. By the end of the month, MACD line and signal increased by 20.08 and 15.009 to close at 4.29 and 0.02. At the beginning of month, MACD line crossed the signal line from the below indicating a bullish crossover in the market. Currently, MACD line and signal line are hovering around the positive zone signifying a bullish sentiment in the market.</div>
<div>
</div>
<div style="text-align: center;">
<img alt="" src="/app/webroot/userfiles/images/3%2821%29.jpg" style="width: 800px; height: 148px;" /></div>
<div>
</div>
<div>
<strong><span style="font-size:12px;">b. RSI</span></strong></div>
<div>
RSI is a form of leading indicator that is believed to be most effective during periods of sideways movement. Such indicators may create numerous buy and sell signals that are useful when the market is not clearly trending upwards or downwards.</div>
<div>
The RSI, at the beginning of month, stood at 33.58 level. In the course of month, RSI increased by 17.98 points to close at 51.57. Last month, RSI increased from the 30s zone to the 60s zone indicating an increase in buying pressure in the market. At the end of month, RSI has retraced back to the 50s zone signifying a correction in current market.</div>
<div>
</div>
<div style="text-align: center;">
<img alt="" src="/app/webroot/userfiles/images/3x%20Zoom%282%29.jpg" style="width: 800px; height: 155px;" /></div>
<div>
</div>
<div>
<span style="font-size:12px;"><strong>c. OBV</strong></span></div>
<div>
On balance volume is a momentum indicator that uses volume flow to predict changes in stock prices. It measures buying and selling pressure as a cumulative indicator that adds volume in up days and subtracts volume on down days.</div>
<div>
</div>
<div>
The on-balance volume, at the beginning of last month, stood at -14.8 b level. In the course of month, it gained 1.2 b points to close at -13.6 b. Last month, OBV has increased by 1.2 b indicating an increase in buying pressure in the market.</div>
<div>
</div>
<div style="text-align: center;">
<img alt="" src="/app/webroot/userfiles/images/4%2814%29.jpg" style="width: 800px; height: 155px;" /></div>
<div>
</div>
<div>
<span style="font-size:12px;"><strong>d. Bollinger Bands</strong></span></div>
<div>
The Bollinger Band is a technical indicator that consists of a moving average (21-day) along with two trading bands above (upper band) and below it (lower band). The bands are an indication of volatility, which are represented by calculating standard deviation.</div>
<div>
At the beginning of month, NEPSE index traded from the lower Bollinger band to the mid Bollinger band. NEPSE index broke the resistance of mid Bollinger band and traded at upper Bollinger band. At the end of month, NEPSE index traded from the upper Bollinger band to the lower Bollinger band indicating a selling pressure in the market. The distance between the upper Bollinger band and lower Bollinger band has increased indicating a high volatility in the market.</div>
<div>
</div>
<div style="text-align: center;">
<img alt="" src="/app/webroot/userfiles/images/21%20feb%20watch%20img%283%29.JPG" style="width: 800px; height: 436px;" /></div>
<div>
</div>
<div>
<span style="font-size:12px;"><strong>e. Overview</strong></span></div>
<div>
NEPSE gained 38.04 points (or up 3.45%) to close at 1140.6 last month. Currently, NEPSE is trading below the 50 days moving average and 200 days moving average. MACD line and signal line are hovering around the positive zone signifying a bullish sentiment in the market. Last month, RSI increased from the 30s zone to the 60s zone indicating an increase in buying pressure in the market. At the end of month, RSI has retraced back to the 50s zone signifying a correction in current market. Last month, OBV has increased by 1.2 b indicating an increase in buying pressure in the market. The distance between the upper Bollinger band and lower Bollinger band has increased indicating a high volatility in the market. The immediate support and resistance remain same at 1090 and 1150 respectively. </div>
<div>
</div>
',
'status' => true,
'publish_date' => null,
'created' => '2019-04-03 17:40:14',
'modified' => '2019-04-08 10:33:44',
'keywords' => '',
'description' => '',
'sortorder' => '2414',
'feature_article' => true,
'user_id' => '22',
'image1' => null,
'image2' => null,
'image3' => null,
'image4' => null
),
'MagazineIssue' => array(
'id' => '997',
'image' => '20190403105608_April 2019.jpg',
'sortorder' => '1545',
'published' => true,
'created' => '2019-04-01 14:20:06',
'modified' => '2019-04-05 11:32:19',
'title' => 'April 2019',
'publish_date' => '2019-04-01',
'parent_id' => '0',
'homepage' => true,
'user_id' => '11'
),
'MagazineCategory' => array(
'id' => '63',
'title' => 'Stock Taking',
'sortorder' => '516',
'status' => true,
'created' => '0000-00-00 00:00:00',
'homepage' => true,
'modified' => '2013-04-01 00:00:00'
),
'User' => array(
'password' => '*****',
'id' => '22',
'user_detail_id' => '1',
'group_id' => '24',
'username' => 'kishor.bam@newbusinessage.com',
'name' => '',
'email' => 'kishor.bam@newbusinessage.com',
'address' => '',
'gender' => '',
'access' => '1',
'phone' => '',
'access_type' => '0',
'activated' => false,
'sortorder' => '0',
'published' => '0',
'created' => '2018-11-30 10:47:22',
'last_login' => '2019-06-09 10:32:40',
'ip' => '202.63.242.112'
),
'MagazineArticleComment' => array(),
'MagazineView' => array(
(int) 0 => array(
'magazine_article_id' => '2464',
'hit' => '2481'
)
)
)
$current_user = null
$logged_in = false
include - APP/View/Elements/side_bar.ctp, line 60
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::_renderElement() - CORE/Cake/View/View.php, line 1224
View::element() - CORE/Cake/View/View.php, line 418
include - APP/View/MagazineArticles/view.ctp, line 279
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::render() - CORE/Cake/View/View.php, line 473
Controller::render() - CORE/Cake/Controller/Controller.php, line 968
Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200
Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167
[main] - APP/webroot/index.php, line 117
Warning (2): simplexml_load_file() [<a href='http://php.net/function.simplexml-load-file'>function.simplexml-load-file</a>]: I/O warning : failed to load external entity "" [APP/View/Elements/side_bar.ctp, line 60]
$viewFile = '/var/www/html/newbusinessage.com/app/View/Elements/side_bar.ctp'
$dataForView = array(
'magazineArticle' => array(
'MagazineArticle' => array(
'id' => '2464',
'magazine_issue_id' => '997',
'magazine_category_id' => '63',
'title' => 'Monthly Technical Analysis of Nepse (February 27th 2019 – March 21th 2019)',
'image' => '20190403054014_1111.jpg',
'short_content' => 'NEPSE gained 38.04 points (or up 3.45%) to close at 1140.6 last month. At the beginning of month, NEPSE showed a bullish momentum breaking the resistance level of 50 days moving average.',
'content' => '<div>
<span style="font-size:18px;"><strong>38% Retracement </strong></span></div>
<div style="text-align: center;">
</div>
<div style="text-align: center;">
<img alt="" src="/app/webroot/userfiles/images/1%2832%29.jpg" style="width: 800px; height: 286px;" /></div>
<div style="text-align: center;">
<img alt="" src="/app/webroot/userfiles/images/1x%286%29.jpg" style="width: 800px; height: 788px;" /></div>
<div style="text-align: center;">
</div>
<div>
<span style="font-size:14px;"><strong>Trend Analysis</strong></span></div>
<div>
NEPSE gained 38.04 points (or up 3.45%) to close at 1140.6 last month. At the beginning of month, NEPSE showed a bullish momentum breaking the resistance level of 50 days moving average. However, at the end of month, NEPSE broke the support level of 50 days moving average. Currently, NEPSE is trading below the 50 days moving average and 200 days moving average. The average daily volume turnover has decreased to NPR 30.26 crores from NPR 32.25 crores. Currently, NEPSE is trading at the 38.2% of recent upswing from 1100.49 to 1166.27.</div>
<div>
</div>
<div>
<span style="font-size:14px;"><strong>Resistance and Support</strong></span></div>
<div>
In course of month, NEPSE index showed bullish momentum for most of the days breaking the resistance level of 1150. However, at the end of month, NEPSE broke the support level of 1150 and traded below the 1150 level. The average traded volume was lower than the previous month indicating a decreased market participation. The immediate support and resistance remain same at 1090 and 1150 respectively.</div>
<div>
</div>
<div style="text-align: center;">
<img alt="" src="/app/webroot/userfiles/images/2%2825%29.jpg" style="width: 800px; height: 241px;" /></div>
<div>
</div>
<div>
<span style="font-size:14px;"><strong>Nepse Trend Indicator</strong></span></div>
<div>
<span style="font-size:12px;"><strong>a. MACD</strong></span></div>
<div>
The MACD is a momentum oscillator formed by using two different types of moving averages, which provides specific buying or selling signals. When a MACD line crosses above the signal line, it is considered to be a positive sign and indicates a time to buy, and vice-versa.</div>
<div>
The MACD and the signal line, at the beginning of last month, stood at -15.80 and -14.99 respectively. By the end of the month, MACD line and signal increased by 20.08 and 15.009 to close at 4.29 and 0.02. At the beginning of month, MACD line crossed the signal line from the below indicating a bullish crossover in the market. Currently, MACD line and signal line are hovering around the positive zone signifying a bullish sentiment in the market.</div>
<div>
</div>
<div style="text-align: center;">
<img alt="" src="/app/webroot/userfiles/images/3%2821%29.jpg" style="width: 800px; height: 148px;" /></div>
<div>
</div>
<div>
<strong><span style="font-size:12px;">b. RSI</span></strong></div>
<div>
RSI is a form of leading indicator that is believed to be most effective during periods of sideways movement. Such indicators may create numerous buy and sell signals that are useful when the market is not clearly trending upwards or downwards.</div>
<div>
The RSI, at the beginning of month, stood at 33.58 level. In the course of month, RSI increased by 17.98 points to close at 51.57. Last month, RSI increased from the 30s zone to the 60s zone indicating an increase in buying pressure in the market. At the end of month, RSI has retraced back to the 50s zone signifying a correction in current market.</div>
<div>
</div>
<div style="text-align: center;">
<img alt="" src="/app/webroot/userfiles/images/3x%20Zoom%282%29.jpg" style="width: 800px; height: 155px;" /></div>
<div>
</div>
<div>
<span style="font-size:12px;"><strong>c. OBV</strong></span></div>
<div>
On balance volume is a momentum indicator that uses volume flow to predict changes in stock prices. It measures buying and selling pressure as a cumulative indicator that adds volume in up days and subtracts volume on down days.</div>
<div>
</div>
<div>
The on-balance volume, at the beginning of last month, stood at -14.8 b level. In the course of month, it gained 1.2 b points to close at -13.6 b. Last month, OBV has increased by 1.2 b indicating an increase in buying pressure in the market.</div>
<div>
</div>
<div style="text-align: center;">
<img alt="" src="/app/webroot/userfiles/images/4%2814%29.jpg" style="width: 800px; height: 155px;" /></div>
<div>
</div>
<div>
<span style="font-size:12px;"><strong>d. Bollinger Bands</strong></span></div>
<div>
The Bollinger Band is a technical indicator that consists of a moving average (21-day) along with two trading bands above (upper band) and below it (lower band). The bands are an indication of volatility, which are represented by calculating standard deviation.</div>
<div>
At the beginning of month, NEPSE index traded from the lower Bollinger band to the mid Bollinger band. NEPSE index broke the resistance of mid Bollinger band and traded at upper Bollinger band. At the end of month, NEPSE index traded from the upper Bollinger band to the lower Bollinger band indicating a selling pressure in the market. The distance between the upper Bollinger band and lower Bollinger band has increased indicating a high volatility in the market.</div>
<div>
</div>
<div style="text-align: center;">
<img alt="" src="/app/webroot/userfiles/images/21%20feb%20watch%20img%283%29.JPG" style="width: 800px; height: 436px;" /></div>
<div>
</div>
<div>
<span style="font-size:12px;"><strong>e. Overview</strong></span></div>
<div>
NEPSE gained 38.04 points (or up 3.45%) to close at 1140.6 last month. Currently, NEPSE is trading below the 50 days moving average and 200 days moving average. MACD line and signal line are hovering around the positive zone signifying a bullish sentiment in the market. Last month, RSI increased from the 30s zone to the 60s zone indicating an increase in buying pressure in the market. At the end of month, RSI has retraced back to the 50s zone signifying a correction in current market. Last month, OBV has increased by 1.2 b indicating an increase in buying pressure in the market. The distance between the upper Bollinger band and lower Bollinger band has increased indicating a high volatility in the market. The immediate support and resistance remain same at 1090 and 1150 respectively. </div>
<div>
</div>
',
'status' => true,
'publish_date' => null,
'created' => '2019-04-03 17:40:14',
'modified' => '2019-04-08 10:33:44',
'keywords' => '',
'description' => '',
'sortorder' => '2414',
'feature_article' => true,
'user_id' => '22',
'image1' => null,
'image2' => null,
'image3' => null,
'image4' => null
),
'MagazineIssue' => array(
'id' => '997',
'image' => '20190403105608_April 2019.jpg',
'sortorder' => '1545',
'published' => true,
'created' => '2019-04-01 14:20:06',
'modified' => '2019-04-05 11:32:19',
'title' => 'April 2019',
'publish_date' => '2019-04-01',
'parent_id' => '0',
'homepage' => true,
'user_id' => '11'
),
'MagazineCategory' => array(
'id' => '63',
'title' => 'Stock Taking',
'sortorder' => '516',
'status' => true,
'created' => '0000-00-00 00:00:00',
'homepage' => true,
'modified' => '2013-04-01 00:00:00'
),
'User' => array(
'password' => '*****',
'id' => '22',
'user_detail_id' => '1',
'group_id' => '24',
'username' => 'kishor.bam@newbusinessage.com',
'name' => '',
'email' => 'kishor.bam@newbusinessage.com',
'address' => '',
'gender' => '',
'access' => '1',
'phone' => '',
'access_type' => '0',
'activated' => false,
'sortorder' => '0',
'published' => '0',
'created' => '2018-11-30 10:47:22',
'last_login' => '2019-06-09 10:32:40',
'ip' => '202.63.242.112'
),
'MagazineArticleComment' => array(),
'MagazineView' => array(
(int) 0 => array(
[maximum depth reached]
)
)
),
'current_user' => null,
'logged_in' => false
)
$magazineArticle = array(
'MagazineArticle' => array(
'id' => '2464',
'magazine_issue_id' => '997',
'magazine_category_id' => '63',
'title' => 'Monthly Technical Analysis of Nepse (February 27th 2019 – March 21th 2019)',
'image' => '20190403054014_1111.jpg',
'short_content' => 'NEPSE gained 38.04 points (or up 3.45%) to close at 1140.6 last month. At the beginning of month, NEPSE showed a bullish momentum breaking the resistance level of 50 days moving average.',
'content' => '<div>
<span style="font-size:18px;"><strong>38% Retracement </strong></span></div>
<div style="text-align: center;">
</div>
<div style="text-align: center;">
<img alt="" src="/app/webroot/userfiles/images/1%2832%29.jpg" style="width: 800px; height: 286px;" /></div>
<div style="text-align: center;">
<img alt="" src="/app/webroot/userfiles/images/1x%286%29.jpg" style="width: 800px; height: 788px;" /></div>
<div style="text-align: center;">
</div>
<div>
<span style="font-size:14px;"><strong>Trend Analysis</strong></span></div>
<div>
NEPSE gained 38.04 points (or up 3.45%) to close at 1140.6 last month. At the beginning of month, NEPSE showed a bullish momentum breaking the resistance level of 50 days moving average. However, at the end of month, NEPSE broke the support level of 50 days moving average. Currently, NEPSE is trading below the 50 days moving average and 200 days moving average. The average daily volume turnover has decreased to NPR 30.26 crores from NPR 32.25 crores. Currently, NEPSE is trading at the 38.2% of recent upswing from 1100.49 to 1166.27.</div>
<div>
</div>
<div>
<span style="font-size:14px;"><strong>Resistance and Support</strong></span></div>
<div>
In course of month, NEPSE index showed bullish momentum for most of the days breaking the resistance level of 1150. However, at the end of month, NEPSE broke the support level of 1150 and traded below the 1150 level. The average traded volume was lower than the previous month indicating a decreased market participation. The immediate support and resistance remain same at 1090 and 1150 respectively.</div>
<div>
</div>
<div style="text-align: center;">
<img alt="" src="/app/webroot/userfiles/images/2%2825%29.jpg" style="width: 800px; height: 241px;" /></div>
<div>
</div>
<div>
<span style="font-size:14px;"><strong>Nepse Trend Indicator</strong></span></div>
<div>
<span style="font-size:12px;"><strong>a. MACD</strong></span></div>
<div>
The MACD is a momentum oscillator formed by using two different types of moving averages, which provides specific buying or selling signals. When a MACD line crosses above the signal line, it is considered to be a positive sign and indicates a time to buy, and vice-versa.</div>
<div>
The MACD and the signal line, at the beginning of last month, stood at -15.80 and -14.99 respectively. By the end of the month, MACD line and signal increased by 20.08 and 15.009 to close at 4.29 and 0.02. At the beginning of month, MACD line crossed the signal line from the below indicating a bullish crossover in the market. Currently, MACD line and signal line are hovering around the positive zone signifying a bullish sentiment in the market.</div>
<div>
</div>
<div style="text-align: center;">
<img alt="" src="/app/webroot/userfiles/images/3%2821%29.jpg" style="width: 800px; height: 148px;" /></div>
<div>
</div>
<div>
<strong><span style="font-size:12px;">b. RSI</span></strong></div>
<div>
RSI is a form of leading indicator that is believed to be most effective during periods of sideways movement. Such indicators may create numerous buy and sell signals that are useful when the market is not clearly trending upwards or downwards.</div>
<div>
The RSI, at the beginning of month, stood at 33.58 level. In the course of month, RSI increased by 17.98 points to close at 51.57. Last month, RSI increased from the 30s zone to the 60s zone indicating an increase in buying pressure in the market. At the end of month, RSI has retraced back to the 50s zone signifying a correction in current market.</div>
<div>
</div>
<div style="text-align: center;">
<img alt="" src="/app/webroot/userfiles/images/3x%20Zoom%282%29.jpg" style="width: 800px; height: 155px;" /></div>
<div>
</div>
<div>
<span style="font-size:12px;"><strong>c. OBV</strong></span></div>
<div>
On balance volume is a momentum indicator that uses volume flow to predict changes in stock prices. It measures buying and selling pressure as a cumulative indicator that adds volume in up days and subtracts volume on down days.</div>
<div>
</div>
<div>
The on-balance volume, at the beginning of last month, stood at -14.8 b level. In the course of month, it gained 1.2 b points to close at -13.6 b. Last month, OBV has increased by 1.2 b indicating an increase in buying pressure in the market.</div>
<div>
</div>
<div style="text-align: center;">
<img alt="" src="/app/webroot/userfiles/images/4%2814%29.jpg" style="width: 800px; height: 155px;" /></div>
<div>
</div>
<div>
<span style="font-size:12px;"><strong>d. Bollinger Bands</strong></span></div>
<div>
The Bollinger Band is a technical indicator that consists of a moving average (21-day) along with two trading bands above (upper band) and below it (lower band). The bands are an indication of volatility, which are represented by calculating standard deviation.</div>
<div>
At the beginning of month, NEPSE index traded from the lower Bollinger band to the mid Bollinger band. NEPSE index broke the resistance of mid Bollinger band and traded at upper Bollinger band. At the end of month, NEPSE index traded from the upper Bollinger band to the lower Bollinger band indicating a selling pressure in the market. The distance between the upper Bollinger band and lower Bollinger band has increased indicating a high volatility in the market.</div>
<div>
</div>
<div style="text-align: center;">
<img alt="" src="/app/webroot/userfiles/images/21%20feb%20watch%20img%283%29.JPG" style="width: 800px; height: 436px;" /></div>
<div>
</div>
<div>
<span style="font-size:12px;"><strong>e. Overview</strong></span></div>
<div>
NEPSE gained 38.04 points (or up 3.45%) to close at 1140.6 last month. Currently, NEPSE is trading below the 50 days moving average and 200 days moving average. MACD line and signal line are hovering around the positive zone signifying a bullish sentiment in the market. Last month, RSI increased from the 30s zone to the 60s zone indicating an increase in buying pressure in the market. At the end of month, RSI has retraced back to the 50s zone signifying a correction in current market. Last month, OBV has increased by 1.2 b indicating an increase in buying pressure in the market. The distance between the upper Bollinger band and lower Bollinger band has increased indicating a high volatility in the market. The immediate support and resistance remain same at 1090 and 1150 respectively. </div>
<div>
</div>
',
'status' => true,
'publish_date' => null,
'created' => '2019-04-03 17:40:14',
'modified' => '2019-04-08 10:33:44',
'keywords' => '',
'description' => '',
'sortorder' => '2414',
'feature_article' => true,
'user_id' => '22',
'image1' => null,
'image2' => null,
'image3' => null,
'image4' => null
),
'MagazineIssue' => array(
'id' => '997',
'image' => '20190403105608_April 2019.jpg',
'sortorder' => '1545',
'published' => true,
'created' => '2019-04-01 14:20:06',
'modified' => '2019-04-05 11:32:19',
'title' => 'April 2019',
'publish_date' => '2019-04-01',
'parent_id' => '0',
'homepage' => true,
'user_id' => '11'
),
'MagazineCategory' => array(
'id' => '63',
'title' => 'Stock Taking',
'sortorder' => '516',
'status' => true,
'created' => '0000-00-00 00:00:00',
'homepage' => true,
'modified' => '2013-04-01 00:00:00'
),
'User' => array(
'password' => '*****',
'id' => '22',
'user_detail_id' => '1',
'group_id' => '24',
'username' => 'kishor.bam@newbusinessage.com',
'name' => '',
'email' => 'kishor.bam@newbusinessage.com',
'address' => '',
'gender' => '',
'access' => '1',
'phone' => '',
'access_type' => '0',
'activated' => false,
'sortorder' => '0',
'published' => '0',
'created' => '2018-11-30 10:47:22',
'last_login' => '2019-06-09 10:32:40',
'ip' => '202.63.242.112'
),
'MagazineArticleComment' => array(),
'MagazineView' => array(
(int) 0 => array(
'magazine_article_id' => '2464',
'hit' => '2481'
)
)
)
$current_user = null
$logged_in = false
simplexml_load_file - [internal], line ??
include - APP/View/Elements/side_bar.ctp, line 60
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::_renderElement() - CORE/Cake/View/View.php, line 1224
View::element() - CORE/Cake/View/View.php, line 418
include - APP/View/MagazineArticles/view.ctp, line 279
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::render() - CORE/Cake/View/View.php, line 473
Controller::render() - CORE/Cake/Controller/Controller.php, line 968
Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200
Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167
[main] - APP/webroot/index.php, line 117
file not found!
Notice (8): Undefined variable: file [APP/View/Elements/side_bar.ctp, line 133]
$viewFile = '/var/www/html/newbusinessage.com/app/View/Elements/side_bar.ctp'
$dataForView = array(
'magazineArticle' => array(
'MagazineArticle' => array(
'id' => '2464',
'magazine_issue_id' => '997',
'magazine_category_id' => '63',
'title' => 'Monthly Technical Analysis of Nepse (February 27th 2019 – March 21th 2019)',
'image' => '20190403054014_1111.jpg',
'short_content' => 'NEPSE gained 38.04 points (or up 3.45%) to close at 1140.6 last month. At the beginning of month, NEPSE showed a bullish momentum breaking the resistance level of 50 days moving average.',
'content' => '<div>
<span style="font-size:18px;"><strong>38% Retracement </strong></span></div>
<div style="text-align: center;">
</div>
<div style="text-align: center;">
<img alt="" src="/app/webroot/userfiles/images/1%2832%29.jpg" style="width: 800px; height: 286px;" /></div>
<div style="text-align: center;">
<img alt="" src="/app/webroot/userfiles/images/1x%286%29.jpg" style="width: 800px; height: 788px;" /></div>
<div style="text-align: center;">
</div>
<div>
<span style="font-size:14px;"><strong>Trend Analysis</strong></span></div>
<div>
NEPSE gained 38.04 points (or up 3.45%) to close at 1140.6 last month. At the beginning of month, NEPSE showed a bullish momentum breaking the resistance level of 50 days moving average. However, at the end of month, NEPSE broke the support level of 50 days moving average. Currently, NEPSE is trading below the 50 days moving average and 200 days moving average. The average daily volume turnover has decreased to NPR 30.26 crores from NPR 32.25 crores. Currently, NEPSE is trading at the 38.2% of recent upswing from 1100.49 to 1166.27.</div>
<div>
</div>
<div>
<span style="font-size:14px;"><strong>Resistance and Support</strong></span></div>
<div>
In course of month, NEPSE index showed bullish momentum for most of the days breaking the resistance level of 1150. However, at the end of month, NEPSE broke the support level of 1150 and traded below the 1150 level. The average traded volume was lower than the previous month indicating a decreased market participation. The immediate support and resistance remain same at 1090 and 1150 respectively.</div>
<div>
</div>
<div style="text-align: center;">
<img alt="" src="/app/webroot/userfiles/images/2%2825%29.jpg" style="width: 800px; height: 241px;" /></div>
<div>
</div>
<div>
<span style="font-size:14px;"><strong>Nepse Trend Indicator</strong></span></div>
<div>
<span style="font-size:12px;"><strong>a. MACD</strong></span></div>
<div>
The MACD is a momentum oscillator formed by using two different types of moving averages, which provides specific buying or selling signals. When a MACD line crosses above the signal line, it is considered to be a positive sign and indicates a time to buy, and vice-versa.</div>
<div>
The MACD and the signal line, at the beginning of last month, stood at -15.80 and -14.99 respectively. By the end of the month, MACD line and signal increased by 20.08 and 15.009 to close at 4.29 and 0.02. At the beginning of month, MACD line crossed the signal line from the below indicating a bullish crossover in the market. Currently, MACD line and signal line are hovering around the positive zone signifying a bullish sentiment in the market.</div>
<div>
</div>
<div style="text-align: center;">
<img alt="" src="/app/webroot/userfiles/images/3%2821%29.jpg" style="width: 800px; height: 148px;" /></div>
<div>
</div>
<div>
<strong><span style="font-size:12px;">b. RSI</span></strong></div>
<div>
RSI is a form of leading indicator that is believed to be most effective during periods of sideways movement. Such indicators may create numerous buy and sell signals that are useful when the market is not clearly trending upwards or downwards.</div>
<div>
The RSI, at the beginning of month, stood at 33.58 level. In the course of month, RSI increased by 17.98 points to close at 51.57. Last month, RSI increased from the 30s zone to the 60s zone indicating an increase in buying pressure in the market. At the end of month, RSI has retraced back to the 50s zone signifying a correction in current market.</div>
<div>
</div>
<div style="text-align: center;">
<img alt="" src="/app/webroot/userfiles/images/3x%20Zoom%282%29.jpg" style="width: 800px; height: 155px;" /></div>
<div>
</div>
<div>
<span style="font-size:12px;"><strong>c. OBV</strong></span></div>
<div>
On balance volume is a momentum indicator that uses volume flow to predict changes in stock prices. It measures buying and selling pressure as a cumulative indicator that adds volume in up days and subtracts volume on down days.</div>
<div>
</div>
<div>
The on-balance volume, at the beginning of last month, stood at -14.8 b level. In the course of month, it gained 1.2 b points to close at -13.6 b. Last month, OBV has increased by 1.2 b indicating an increase in buying pressure in the market.</div>
<div>
</div>
<div style="text-align: center;">
<img alt="" src="/app/webroot/userfiles/images/4%2814%29.jpg" style="width: 800px; height: 155px;" /></div>
<div>
</div>
<div>
<span style="font-size:12px;"><strong>d. Bollinger Bands</strong></span></div>
<div>
The Bollinger Band is a technical indicator that consists of a moving average (21-day) along with two trading bands above (upper band) and below it (lower band). The bands are an indication of volatility, which are represented by calculating standard deviation.</div>
<div>
At the beginning of month, NEPSE index traded from the lower Bollinger band to the mid Bollinger band. NEPSE index broke the resistance of mid Bollinger band and traded at upper Bollinger band. At the end of month, NEPSE index traded from the upper Bollinger band to the lower Bollinger band indicating a selling pressure in the market. The distance between the upper Bollinger band and lower Bollinger band has increased indicating a high volatility in the market.</div>
<div>
</div>
<div style="text-align: center;">
<img alt="" src="/app/webroot/userfiles/images/21%20feb%20watch%20img%283%29.JPG" style="width: 800px; height: 436px;" /></div>
<div>
</div>
<div>
<span style="font-size:12px;"><strong>e. Overview</strong></span></div>
<div>
NEPSE gained 38.04 points (or up 3.45%) to close at 1140.6 last month. Currently, NEPSE is trading below the 50 days moving average and 200 days moving average. MACD line and signal line are hovering around the positive zone signifying a bullish sentiment in the market. Last month, RSI increased from the 30s zone to the 60s zone indicating an increase in buying pressure in the market. At the end of month, RSI has retraced back to the 50s zone signifying a correction in current market. Last month, OBV has increased by 1.2 b indicating an increase in buying pressure in the market. The distance between the upper Bollinger band and lower Bollinger band has increased indicating a high volatility in the market. The immediate support and resistance remain same at 1090 and 1150 respectively. </div>
<div>
</div>
',
'status' => true,
'publish_date' => null,
'created' => '2019-04-03 17:40:14',
'modified' => '2019-04-08 10:33:44',
'keywords' => '',
'description' => '',
'sortorder' => '2414',
'feature_article' => true,
'user_id' => '22',
'image1' => null,
'image2' => null,
'image3' => null,
'image4' => null
),
'MagazineIssue' => array(
'id' => '997',
'image' => '20190403105608_April 2019.jpg',
'sortorder' => '1545',
'published' => true,
'created' => '2019-04-01 14:20:06',
'modified' => '2019-04-05 11:32:19',
'title' => 'April 2019',
'publish_date' => '2019-04-01',
'parent_id' => '0',
'homepage' => true,
'user_id' => '11'
),
'MagazineCategory' => array(
'id' => '63',
'title' => 'Stock Taking',
'sortorder' => '516',
'status' => true,
'created' => '0000-00-00 00:00:00',
'homepage' => true,
'modified' => '2013-04-01 00:00:00'
),
'User' => array(
'password' => '*****',
'id' => '22',
'user_detail_id' => '1',
'group_id' => '24',
'username' => 'kishor.bam@newbusinessage.com',
'name' => '',
'email' => 'kishor.bam@newbusinessage.com',
'address' => '',
'gender' => '',
'access' => '1',
'phone' => '',
'access_type' => '0',
'activated' => false,
'sortorder' => '0',
'published' => '0',
'created' => '2018-11-30 10:47:22',
'last_login' => '2019-06-09 10:32:40',
'ip' => '202.63.242.112'
),
'MagazineArticleComment' => array(),
'MagazineView' => array(
(int) 0 => array(
[maximum depth reached]
)
)
),
'current_user' => null,
'logged_in' => false
)
$magazineArticle = array(
'MagazineArticle' => array(
'id' => '2464',
'magazine_issue_id' => '997',
'magazine_category_id' => '63',
'title' => 'Monthly Technical Analysis of Nepse (February 27th 2019 – March 21th 2019)',
'image' => '20190403054014_1111.jpg',
'short_content' => 'NEPSE gained 38.04 points (or up 3.45%) to close at 1140.6 last month. At the beginning of month, NEPSE showed a bullish momentum breaking the resistance level of 50 days moving average.',
'content' => '<div>
<span style="font-size:18px;"><strong>38% Retracement </strong></span></div>
<div style="text-align: center;">
</div>
<div style="text-align: center;">
<img alt="" src="/app/webroot/userfiles/images/1%2832%29.jpg" style="width: 800px; height: 286px;" /></div>
<div style="text-align: center;">
<img alt="" src="/app/webroot/userfiles/images/1x%286%29.jpg" style="width: 800px; height: 788px;" /></div>
<div style="text-align: center;">
</div>
<div>
<span style="font-size:14px;"><strong>Trend Analysis</strong></span></div>
<div>
NEPSE gained 38.04 points (or up 3.45%) to close at 1140.6 last month. At the beginning of month, NEPSE showed a bullish momentum breaking the resistance level of 50 days moving average. However, at the end of month, NEPSE broke the support level of 50 days moving average. Currently, NEPSE is trading below the 50 days moving average and 200 days moving average. The average daily volume turnover has decreased to NPR 30.26 crores from NPR 32.25 crores. Currently, NEPSE is trading at the 38.2% of recent upswing from 1100.49 to 1166.27.</div>
<div>
</div>
<div>
<span style="font-size:14px;"><strong>Resistance and Support</strong></span></div>
<div>
In course of month, NEPSE index showed bullish momentum for most of the days breaking the resistance level of 1150. However, at the end of month, NEPSE broke the support level of 1150 and traded below the 1150 level. The average traded volume was lower than the previous month indicating a decreased market participation. The immediate support and resistance remain same at 1090 and 1150 respectively.</div>
<div>
</div>
<div style="text-align: center;">
<img alt="" src="/app/webroot/userfiles/images/2%2825%29.jpg" style="width: 800px; height: 241px;" /></div>
<div>
</div>
<div>
<span style="font-size:14px;"><strong>Nepse Trend Indicator</strong></span></div>
<div>
<span style="font-size:12px;"><strong>a. MACD</strong></span></div>
<div>
The MACD is a momentum oscillator formed by using two different types of moving averages, which provides specific buying or selling signals. When a MACD line crosses above the signal line, it is considered to be a positive sign and indicates a time to buy, and vice-versa.</div>
<div>
The MACD and the signal line, at the beginning of last month, stood at -15.80 and -14.99 respectively. By the end of the month, MACD line and signal increased by 20.08 and 15.009 to close at 4.29 and 0.02. At the beginning of month, MACD line crossed the signal line from the below indicating a bullish crossover in the market. Currently, MACD line and signal line are hovering around the positive zone signifying a bullish sentiment in the market.</div>
<div>
</div>
<div style="text-align: center;">
<img alt="" src="/app/webroot/userfiles/images/3%2821%29.jpg" style="width: 800px; height: 148px;" /></div>
<div>
</div>
<div>
<strong><span style="font-size:12px;">b. RSI</span></strong></div>
<div>
RSI is a form of leading indicator that is believed to be most effective during periods of sideways movement. Such indicators may create numerous buy and sell signals that are useful when the market is not clearly trending upwards or downwards.</div>
<div>
The RSI, at the beginning of month, stood at 33.58 level. In the course of month, RSI increased by 17.98 points to close at 51.57. Last month, RSI increased from the 30s zone to the 60s zone indicating an increase in buying pressure in the market. At the end of month, RSI has retraced back to the 50s zone signifying a correction in current market.</div>
<div>
</div>
<div style="text-align: center;">
<img alt="" src="/app/webroot/userfiles/images/3x%20Zoom%282%29.jpg" style="width: 800px; height: 155px;" /></div>
<div>
</div>
<div>
<span style="font-size:12px;"><strong>c. OBV</strong></span></div>
<div>
On balance volume is a momentum indicator that uses volume flow to predict changes in stock prices. It measures buying and selling pressure as a cumulative indicator that adds volume in up days and subtracts volume on down days.</div>
<div>
</div>
<div>
The on-balance volume, at the beginning of last month, stood at -14.8 b level. In the course of month, it gained 1.2 b points to close at -13.6 b. Last month, OBV has increased by 1.2 b indicating an increase in buying pressure in the market.</div>
<div>
</div>
<div style="text-align: center;">
<img alt="" src="/app/webroot/userfiles/images/4%2814%29.jpg" style="width: 800px; height: 155px;" /></div>
<div>
</div>
<div>
<span style="font-size:12px;"><strong>d. Bollinger Bands</strong></span></div>
<div>
The Bollinger Band is a technical indicator that consists of a moving average (21-day) along with two trading bands above (upper band) and below it (lower band). The bands are an indication of volatility, which are represented by calculating standard deviation.</div>
<div>
At the beginning of month, NEPSE index traded from the lower Bollinger band to the mid Bollinger band. NEPSE index broke the resistance of mid Bollinger band and traded at upper Bollinger band. At the end of month, NEPSE index traded from the upper Bollinger band to the lower Bollinger band indicating a selling pressure in the market. The distance between the upper Bollinger band and lower Bollinger band has increased indicating a high volatility in the market.</div>
<div>
</div>
<div style="text-align: center;">
<img alt="" src="/app/webroot/userfiles/images/21%20feb%20watch%20img%283%29.JPG" style="width: 800px; height: 436px;" /></div>
<div>
</div>
<div>
<span style="font-size:12px;"><strong>e. Overview</strong></span></div>
<div>
NEPSE gained 38.04 points (or up 3.45%) to close at 1140.6 last month. Currently, NEPSE is trading below the 50 days moving average and 200 days moving average. MACD line and signal line are hovering around the positive zone signifying a bullish sentiment in the market. Last month, RSI increased from the 30s zone to the 60s zone indicating an increase in buying pressure in the market. At the end of month, RSI has retraced back to the 50s zone signifying a correction in current market. Last month, OBV has increased by 1.2 b indicating an increase in buying pressure in the market. The distance between the upper Bollinger band and lower Bollinger band has increased indicating a high volatility in the market. The immediate support and resistance remain same at 1090 and 1150 respectively. </div>
<div>
</div>
',
'status' => true,
'publish_date' => null,
'created' => '2019-04-03 17:40:14',
'modified' => '2019-04-08 10:33:44',
'keywords' => '',
'description' => '',
'sortorder' => '2414',
'feature_article' => true,
'user_id' => '22',
'image1' => null,
'image2' => null,
'image3' => null,
'image4' => null
),
'MagazineIssue' => array(
'id' => '997',
'image' => '20190403105608_April 2019.jpg',
'sortorder' => '1545',
'published' => true,
'created' => '2019-04-01 14:20:06',
'modified' => '2019-04-05 11:32:19',
'title' => 'April 2019',
'publish_date' => '2019-04-01',
'parent_id' => '0',
'homepage' => true,
'user_id' => '11'
),
'MagazineCategory' => array(
'id' => '63',
'title' => 'Stock Taking',
'sortorder' => '516',
'status' => true,
'created' => '0000-00-00 00:00:00',
'homepage' => true,
'modified' => '2013-04-01 00:00:00'
),
'User' => array(
'password' => '*****',
'id' => '22',
'user_detail_id' => '1',
'group_id' => '24',
'username' => 'kishor.bam@newbusinessage.com',
'name' => '',
'email' => 'kishor.bam@newbusinessage.com',
'address' => '',
'gender' => '',
'access' => '1',
'phone' => '',
'access_type' => '0',
'activated' => false,
'sortorder' => '0',
'published' => '0',
'created' => '2018-11-30 10:47:22',
'last_login' => '2019-06-09 10:32:40',
'ip' => '202.63.242.112'
),
'MagazineArticleComment' => array(),
'MagazineView' => array(
(int) 0 => array(
'magazine_article_id' => '2464',
'hit' => '2481'
)
)
)
$current_user = null
$logged_in = false
$xml = false
include - APP/View/Elements/side_bar.ctp, line 133
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::_renderElement() - CORE/Cake/View/View.php, line 1224
View::element() - CORE/Cake/View/View.php, line 418
include - APP/View/MagazineArticles/view.ctp, line 279
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::render() - CORE/Cake/View/View.php, line 473
Controller::render() - CORE/Cake/Controller/Controller.php, line 968
Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200
Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167
[main] - APP/webroot/index.php, line 117
Warning (2): simplexml_load_file() [<a href='http://php.net/function.simplexml-load-file'>function.simplexml-load-file</a>]: I/O warning : failed to load external entity "" [APP/View/Elements/side_bar.ctp, line 133]
$viewFile = '/var/www/html/newbusinessage.com/app/View/Elements/side_bar.ctp'
$dataForView = array(
'magazineArticle' => array(
'MagazineArticle' => array(
'id' => '2464',
'magazine_issue_id' => '997',
'magazine_category_id' => '63',
'title' => 'Monthly Technical Analysis of Nepse (February 27th 2019 – March 21th 2019)',
'image' => '20190403054014_1111.jpg',
'short_content' => 'NEPSE gained 38.04 points (or up 3.45%) to close at 1140.6 last month. At the beginning of month, NEPSE showed a bullish momentum breaking the resistance level of 50 days moving average.',
'content' => '<div>
<span style="font-size:18px;"><strong>38% Retracement </strong></span></div>
<div style="text-align: center;">
</div>
<div style="text-align: center;">
<img alt="" src="/app/webroot/userfiles/images/1%2832%29.jpg" style="width: 800px; height: 286px;" /></div>
<div style="text-align: center;">
<img alt="" src="/app/webroot/userfiles/images/1x%286%29.jpg" style="width: 800px; height: 788px;" /></div>
<div style="text-align: center;">
</div>
<div>
<span style="font-size:14px;"><strong>Trend Analysis</strong></span></div>
<div>
NEPSE gained 38.04 points (or up 3.45%) to close at 1140.6 last month. At the beginning of month, NEPSE showed a bullish momentum breaking the resistance level of 50 days moving average. However, at the end of month, NEPSE broke the support level of 50 days moving average. Currently, NEPSE is trading below the 50 days moving average and 200 days moving average. The average daily volume turnover has decreased to NPR 30.26 crores from NPR 32.25 crores. Currently, NEPSE is trading at the 38.2% of recent upswing from 1100.49 to 1166.27.</div>
<div>
</div>
<div>
<span style="font-size:14px;"><strong>Resistance and Support</strong></span></div>
<div>
In course of month, NEPSE index showed bullish momentum for most of the days breaking the resistance level of 1150. However, at the end of month, NEPSE broke the support level of 1150 and traded below the 1150 level. The average traded volume was lower than the previous month indicating a decreased market participation. The immediate support and resistance remain same at 1090 and 1150 respectively.</div>
<div>
</div>
<div style="text-align: center;">
<img alt="" src="/app/webroot/userfiles/images/2%2825%29.jpg" style="width: 800px; height: 241px;" /></div>
<div>
</div>
<div>
<span style="font-size:14px;"><strong>Nepse Trend Indicator</strong></span></div>
<div>
<span style="font-size:12px;"><strong>a. MACD</strong></span></div>
<div>
The MACD is a momentum oscillator formed by using two different types of moving averages, which provides specific buying or selling signals. When a MACD line crosses above the signal line, it is considered to be a positive sign and indicates a time to buy, and vice-versa.</div>
<div>
The MACD and the signal line, at the beginning of last month, stood at -15.80 and -14.99 respectively. By the end of the month, MACD line and signal increased by 20.08 and 15.009 to close at 4.29 and 0.02. At the beginning of month, MACD line crossed the signal line from the below indicating a bullish crossover in the market. Currently, MACD line and signal line are hovering around the positive zone signifying a bullish sentiment in the market.</div>
<div>
</div>
<div style="text-align: center;">
<img alt="" src="/app/webroot/userfiles/images/3%2821%29.jpg" style="width: 800px; height: 148px;" /></div>
<div>
</div>
<div>
<strong><span style="font-size:12px;">b. RSI</span></strong></div>
<div>
RSI is a form of leading indicator that is believed to be most effective during periods of sideways movement. Such indicators may create numerous buy and sell signals that are useful when the market is not clearly trending upwards or downwards.</div>
<div>
The RSI, at the beginning of month, stood at 33.58 level. In the course of month, RSI increased by 17.98 points to close at 51.57. Last month, RSI increased from the 30s zone to the 60s zone indicating an increase in buying pressure in the market. At the end of month, RSI has retraced back to the 50s zone signifying a correction in current market.</div>
<div>
</div>
<div style="text-align: center;">
<img alt="" src="/app/webroot/userfiles/images/3x%20Zoom%282%29.jpg" style="width: 800px; height: 155px;" /></div>
<div>
</div>
<div>
<span style="font-size:12px;"><strong>c. OBV</strong></span></div>
<div>
On balance volume is a momentum indicator that uses volume flow to predict changes in stock prices. It measures buying and selling pressure as a cumulative indicator that adds volume in up days and subtracts volume on down days.</div>
<div>
</div>
<div>
The on-balance volume, at the beginning of last month, stood at -14.8 b level. In the course of month, it gained 1.2 b points to close at -13.6 b. Last month, OBV has increased by 1.2 b indicating an increase in buying pressure in the market.</div>
<div>
</div>
<div style="text-align: center;">
<img alt="" src="/app/webroot/userfiles/images/4%2814%29.jpg" style="width: 800px; height: 155px;" /></div>
<div>
</div>
<div>
<span style="font-size:12px;"><strong>d. Bollinger Bands</strong></span></div>
<div>
The Bollinger Band is a technical indicator that consists of a moving average (21-day) along with two trading bands above (upper band) and below it (lower band). The bands are an indication of volatility, which are represented by calculating standard deviation.</div>
<div>
At the beginning of month, NEPSE index traded from the lower Bollinger band to the mid Bollinger band. NEPSE index broke the resistance of mid Bollinger band and traded at upper Bollinger band. At the end of month, NEPSE index traded from the upper Bollinger band to the lower Bollinger band indicating a selling pressure in the market. The distance between the upper Bollinger band and lower Bollinger band has increased indicating a high volatility in the market.</div>
<div>
</div>
<div style="text-align: center;">
<img alt="" src="/app/webroot/userfiles/images/21%20feb%20watch%20img%283%29.JPG" style="width: 800px; height: 436px;" /></div>
<div>
</div>
<div>
<span style="font-size:12px;"><strong>e. Overview</strong></span></div>
<div>
NEPSE gained 38.04 points (or up 3.45%) to close at 1140.6 last month. Currently, NEPSE is trading below the 50 days moving average and 200 days moving average. MACD line and signal line are hovering around the positive zone signifying a bullish sentiment in the market. Last month, RSI increased from the 30s zone to the 60s zone indicating an increase in buying pressure in the market. At the end of month, RSI has retraced back to the 50s zone signifying a correction in current market. Last month, OBV has increased by 1.2 b indicating an increase in buying pressure in the market. The distance between the upper Bollinger band and lower Bollinger band has increased indicating a high volatility in the market. The immediate support and resistance remain same at 1090 and 1150 respectively. </div>
<div>
</div>
',
'status' => true,
'publish_date' => null,
'created' => '2019-04-03 17:40:14',
'modified' => '2019-04-08 10:33:44',
'keywords' => '',
'description' => '',
'sortorder' => '2414',
'feature_article' => true,
'user_id' => '22',
'image1' => null,
'image2' => null,
'image3' => null,
'image4' => null
),
'MagazineIssue' => array(
'id' => '997',
'image' => '20190403105608_April 2019.jpg',
'sortorder' => '1545',
'published' => true,
'created' => '2019-04-01 14:20:06',
'modified' => '2019-04-05 11:32:19',
'title' => 'April 2019',
'publish_date' => '2019-04-01',
'parent_id' => '0',
'homepage' => true,
'user_id' => '11'
),
'MagazineCategory' => array(
'id' => '63',
'title' => 'Stock Taking',
'sortorder' => '516',
'status' => true,
'created' => '0000-00-00 00:00:00',
'homepage' => true,
'modified' => '2013-04-01 00:00:00'
),
'User' => array(
'password' => '*****',
'id' => '22',
'user_detail_id' => '1',
'group_id' => '24',
'username' => 'kishor.bam@newbusinessage.com',
'name' => '',
'email' => 'kishor.bam@newbusinessage.com',
'address' => '',
'gender' => '',
'access' => '1',
'phone' => '',
'access_type' => '0',
'activated' => false,
'sortorder' => '0',
'published' => '0',
'created' => '2018-11-30 10:47:22',
'last_login' => '2019-06-09 10:32:40',
'ip' => '202.63.242.112'
),
'MagazineArticleComment' => array(),
'MagazineView' => array(
(int) 0 => array(
[maximum depth reached]
)
)
),
'current_user' => null,
'logged_in' => false
)
$magazineArticle = array(
'MagazineArticle' => array(
'id' => '2464',
'magazine_issue_id' => '997',
'magazine_category_id' => '63',
'title' => 'Monthly Technical Analysis of Nepse (February 27th 2019 – March 21th 2019)',
'image' => '20190403054014_1111.jpg',
'short_content' => 'NEPSE gained 38.04 points (or up 3.45%) to close at 1140.6 last month. At the beginning of month, NEPSE showed a bullish momentum breaking the resistance level of 50 days moving average.',
'content' => '<div>
<span style="font-size:18px;"><strong>38% Retracement </strong></span></div>
<div style="text-align: center;">
</div>
<div style="text-align: center;">
<img alt="" src="/app/webroot/userfiles/images/1%2832%29.jpg" style="width: 800px; height: 286px;" /></div>
<div style="text-align: center;">
<img alt="" src="/app/webroot/userfiles/images/1x%286%29.jpg" style="width: 800px; height: 788px;" /></div>
<div style="text-align: center;">
</div>
<div>
<span style="font-size:14px;"><strong>Trend Analysis</strong></span></div>
<div>
NEPSE gained 38.04 points (or up 3.45%) to close at 1140.6 last month. At the beginning of month, NEPSE showed a bullish momentum breaking the resistance level of 50 days moving average. However, at the end of month, NEPSE broke the support level of 50 days moving average. Currently, NEPSE is trading below the 50 days moving average and 200 days moving average. The average daily volume turnover has decreased to NPR 30.26 crores from NPR 32.25 crores. Currently, NEPSE is trading at the 38.2% of recent upswing from 1100.49 to 1166.27.</div>
<div>
</div>
<div>
<span style="font-size:14px;"><strong>Resistance and Support</strong></span></div>
<div>
In course of month, NEPSE index showed bullish momentum for most of the days breaking the resistance level of 1150. However, at the end of month, NEPSE broke the support level of 1150 and traded below the 1150 level. The average traded volume was lower than the previous month indicating a decreased market participation. The immediate support and resistance remain same at 1090 and 1150 respectively.</div>
<div>
</div>
<div style="text-align: center;">
<img alt="" src="/app/webroot/userfiles/images/2%2825%29.jpg" style="width: 800px; height: 241px;" /></div>
<div>
</div>
<div>
<span style="font-size:14px;"><strong>Nepse Trend Indicator</strong></span></div>
<div>
<span style="font-size:12px;"><strong>a. MACD</strong></span></div>
<div>
The MACD is a momentum oscillator formed by using two different types of moving averages, which provides specific buying or selling signals. When a MACD line crosses above the signal line, it is considered to be a positive sign and indicates a time to buy, and vice-versa.</div>
<div>
The MACD and the signal line, at the beginning of last month, stood at -15.80 and -14.99 respectively. By the end of the month, MACD line and signal increased by 20.08 and 15.009 to close at 4.29 and 0.02. At the beginning of month, MACD line crossed the signal line from the below indicating a bullish crossover in the market. Currently, MACD line and signal line are hovering around the positive zone signifying a bullish sentiment in the market.</div>
<div>
</div>
<div style="text-align: center;">
<img alt="" src="/app/webroot/userfiles/images/3%2821%29.jpg" style="width: 800px; height: 148px;" /></div>
<div>
</div>
<div>
<strong><span style="font-size:12px;">b. RSI</span></strong></div>
<div>
RSI is a form of leading indicator that is believed to be most effective during periods of sideways movement. Such indicators may create numerous buy and sell signals that are useful when the market is not clearly trending upwards or downwards.</div>
<div>
The RSI, at the beginning of month, stood at 33.58 level. In the course of month, RSI increased by 17.98 points to close at 51.57. Last month, RSI increased from the 30s zone to the 60s zone indicating an increase in buying pressure in the market. At the end of month, RSI has retraced back to the 50s zone signifying a correction in current market.</div>
<div>
</div>
<div style="text-align: center;">
<img alt="" src="/app/webroot/userfiles/images/3x%20Zoom%282%29.jpg" style="width: 800px; height: 155px;" /></div>
<div>
</div>
<div>
<span style="font-size:12px;"><strong>c. OBV</strong></span></div>
<div>
On balance volume is a momentum indicator that uses volume flow to predict changes in stock prices. It measures buying and selling pressure as a cumulative indicator that adds volume in up days and subtracts volume on down days.</div>
<div>
</div>
<div>
The on-balance volume, at the beginning of last month, stood at -14.8 b level. In the course of month, it gained 1.2 b points to close at -13.6 b. Last month, OBV has increased by 1.2 b indicating an increase in buying pressure in the market.</div>
<div>
</div>
<div style="text-align: center;">
<img alt="" src="/app/webroot/userfiles/images/4%2814%29.jpg" style="width: 800px; height: 155px;" /></div>
<div>
</div>
<div>
<span style="font-size:12px;"><strong>d. Bollinger Bands</strong></span></div>
<div>
The Bollinger Band is a technical indicator that consists of a moving average (21-day) along with two trading bands above (upper band) and below it (lower band). The bands are an indication of volatility, which are represented by calculating standard deviation.</div>
<div>
At the beginning of month, NEPSE index traded from the lower Bollinger band to the mid Bollinger band. NEPSE index broke the resistance of mid Bollinger band and traded at upper Bollinger band. At the end of month, NEPSE index traded from the upper Bollinger band to the lower Bollinger band indicating a selling pressure in the market. The distance between the upper Bollinger band and lower Bollinger band has increased indicating a high volatility in the market.</div>
<div>
</div>
<div style="text-align: center;">
<img alt="" src="/app/webroot/userfiles/images/21%20feb%20watch%20img%283%29.JPG" style="width: 800px; height: 436px;" /></div>
<div>
</div>
<div>
<span style="font-size:12px;"><strong>e. Overview</strong></span></div>
<div>
NEPSE gained 38.04 points (or up 3.45%) to close at 1140.6 last month. Currently, NEPSE is trading below the 50 days moving average and 200 days moving average. MACD line and signal line are hovering around the positive zone signifying a bullish sentiment in the market. Last month, RSI increased from the 30s zone to the 60s zone indicating an increase in buying pressure in the market. At the end of month, RSI has retraced back to the 50s zone signifying a correction in current market. Last month, OBV has increased by 1.2 b indicating an increase in buying pressure in the market. The distance between the upper Bollinger band and lower Bollinger band has increased indicating a high volatility in the market. The immediate support and resistance remain same at 1090 and 1150 respectively. </div>
<div>
</div>
',
'status' => true,
'publish_date' => null,
'created' => '2019-04-03 17:40:14',
'modified' => '2019-04-08 10:33:44',
'keywords' => '',
'description' => '',
'sortorder' => '2414',
'feature_article' => true,
'user_id' => '22',
'image1' => null,
'image2' => null,
'image3' => null,
'image4' => null
),
'MagazineIssue' => array(
'id' => '997',
'image' => '20190403105608_April 2019.jpg',
'sortorder' => '1545',
'published' => true,
'created' => '2019-04-01 14:20:06',
'modified' => '2019-04-05 11:32:19',
'title' => 'April 2019',
'publish_date' => '2019-04-01',
'parent_id' => '0',
'homepage' => true,
'user_id' => '11'
),
'MagazineCategory' => array(
'id' => '63',
'title' => 'Stock Taking',
'sortorder' => '516',
'status' => true,
'created' => '0000-00-00 00:00:00',
'homepage' => true,
'modified' => '2013-04-01 00:00:00'
),
'User' => array(
'password' => '*****',
'id' => '22',
'user_detail_id' => '1',
'group_id' => '24',
'username' => 'kishor.bam@newbusinessage.com',
'name' => '',
'email' => 'kishor.bam@newbusinessage.com',
'address' => '',
'gender' => '',
'access' => '1',
'phone' => '',
'access_type' => '0',
'activated' => false,
'sortorder' => '0',
'published' => '0',
'created' => '2018-11-30 10:47:22',
'last_login' => '2019-06-09 10:32:40',
'ip' => '202.63.242.112'
),
'MagazineArticleComment' => array(),
'MagazineView' => array(
(int) 0 => array(
'magazine_article_id' => '2464',
'hit' => '2481'
)
)
)
$current_user = null
$logged_in = false
$xml = false
simplexml_load_file - [internal], line ??
include - APP/View/Elements/side_bar.ctp, line 133
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::_renderElement() - CORE/Cake/View/View.php, line 1224
View::element() - CORE/Cake/View/View.php, line 418
include - APP/View/MagazineArticles/view.ctp, line 279
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::render() - CORE/Cake/View/View.php, line 473
Controller::render() - CORE/Cake/Controller/Controller.php, line 968
Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200
Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167
[main] - APP/webroot/index.php, line 117
