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1. NEPSES INDEX ANALYSIS Description
Banking Index Development Index Finance Index Hydropower Index Insurance Index
The figure shows a NEPSE INDEX of a Head-and-shoulders
chart pattern. The left shoulder (LS), head, and right shoulder
(RS) form three bottoms. Shoulder distance from the head is
similar as is the index at which the two shoulders bottom. A
red neckline joins armpits A and (B). When index closes above
the neckline at C, it confirms the head-and-shoulders chart
pattern as a valid one.
As we mention on second edition,volume trend is rising this
week too.This indicates coming week NEPSE INDEX on bullish
trend with chart pattern fulfillment with target 1175-1185
range.
Note:This newsletter(sharechart) provides impersonal
educational stock trading information . All material presented
within is not to be regarded as investment advice, but for
general informational purposes only.
TECHNICAL NEWSLETTER
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Date: 01/01/2016
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Vol. 1 Issue 4
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A chart pattern is a sign of future
price movements. Chartists use these
patterns to identify current trends
and trend reversals and
to trigger buy and sell signals.
There are two types of patterns
A reversal pattern signals that a
prior trend will reverse upon
completion of the pattern.
A continuation pattern, on the
other hand, signals that a trend will
continue once the pattern is
complete.
Head and shoulders is a reversal
chart pattern that when formed,
signals that the security is likely to
move against the previous trend.
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Head & Shoulder
pattern
which indicate sell signal
Inverted Head and Shoulder
pattern
which indicate buy signal
Email: sharechart2015@gmail.com
Kamalpokhari, Tel:- 4422136, 4422137 Mob:- 9801140245