Himalayan Bank Ltd. is a major bank in Nepal that was incorporated in 1992 in partnership with the Employees Provident Fund and Habib Bank Limited of Pakistan. The technical analysis report examines Himalayan Bank's third quarter report and provides analysis of the stock's net income, ratios, trends, chart patterns, moving averages, and indicators like RSI and MACD to determine that the stock is a buy above Rs. 1450 with a target of Rs. 1600 and stop-loss below Rs. 1400.

1. Technical Analysis
2016-05-13
Prepared by
Ankit Bhaukajee

2. Company Background
• Incorporated in 1992 in partnership with Employees Provident Fund
and Habib Bank Limited of Pakistan
• Corporate head office at Kamaladi with 44 branches in Nepal
• Major Competitors in Nepse:
- Nepal Investment Bank Ltd.
- SBI
- Nepal Bangladesh Bank

3. 3rd Quarter Report(May 6)

4. Net Income

5. Ratios

6. Support And Resistance

7. Trend Analysis

8. Candle Stick (Reversal Pattern)

9. Chart Pattern

10. Moving Average

11. Bollinger Bands

12. RSI (Negative Divergence)

13. MACD and RSI with Fibonacci Retracement

14. Banking Sub Index

15. Summary
Himalayan Bank Ltd.
(HBL)
As on 2016-05-12
Current Market Price (CMP)- Rs.1433
Buy Point or Sell Point- Above Rs.1450
Target Point-Rs.1600
Stop-loss Point- Below Rs.1400
prepared by
Ankit Baukajee