This document analyzes the hydropower sub-index using technical analysis methods. It identifies a flag pattern within the hydropower sub-index from 1853.15 on November 30th, 2015 to 2187.62 on January 14th, 2016, representing an increase of 334.47 points over 1.5 months. However, the flag pattern is a short-term continuation pattern that typically precedes a continuation of the initial trend, indicating the hydropower sub-index may be moving into a bearish trend. The document also provides charts showing pivot points and resistance/support levels for interpretation of the hydropower sub-index trend.

1. HYDRO POWER SUB-INDEX ANALYSIS DESCRIPTION
Banking Index Development Index Finance Index Hydropower Index Insurance Index
SHARE CHART
Vol. 1 Issue 6
R2 -1098.1
R1 -1089.26
Pivot -1071.58
S1 -1062.74
S2 -1045.06
R2-1164.1
R1-1152.14
Pivot- 1128.22
S1-1116.26
S2-1092.34
R2-592.19
R1-588.91
Pivot -582.36
S1-579.08
S2-572.53
In our previous edition of newsletter , we indicated NEPSE
Index chart pattern moving up ward trend which is
continuously moving coming week also.As we are analyzing
hydropower sub-index ,we saw Flag Pattern with downward
trend black is index line which move 1853.15 on 30 nov 2015
to 2187.62 on 14 jan 2016 within 1 and half months increase
by 334.47 index.Flags pattern is short-term continuation
pattern ;among the most reliable Pattern and they represent
“short breaks” during a Trend, before the Trend continues to
go in the initial direction.
This indicates HYDROPOWER SUB- INDEX moving on bearish
trend .
TECHNICAL NEWSLETTER
R2-2284.82
R1-2224.55
Pivot -2127.35
S1-2067.08
S2-1969.88
R2-5443.48
R1-5409.61
Pivot -5368.38
S1-5334.51
S2-5293.28
Date: 01/14/2016
Click To Subscribe
current Index-2164.29
Free Chart Chart School
Contact Us:
Email: sharechart2015@gmail.com
R2 -1098.1
R1 -1089.26
Pivot -1071.58
S1 -1062.74
S2 -1045.06
R2-1164.1
R1-1152.14
Pivot- 1128.22
S1-1116.26
S2-1092.34
R2-592.19
R1-588.91
Pivot -582.36
S1-579.08
S2-572.53
Kamalpokhari Mob:- 9801140245
The above figure shows all 5 yrs Dividends Declaration Hydropower Company.
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.
R2-2284.82
R1-2224.55
Pivot -2127.35
S1-2067.08
S2-1969.88
R2-5443.48
R1-5409.61
Pivot -5368.38
S1-5334.51
S2-5293.28
Flags and Pennants Patterns:-
The Pennants are similar to the Pattern
of the symmetrical Triangle, but they
have a shorter duration and they are
smaller (They are also similar to another
Pattern, The wedge). The Flags are similar
to the Pattern of the rectangle, but they
have a shorter duration and they are
smaller.
Both Patterns occur during a strong
Uptrend or strong Downtrend, that have
high volumes of exchanges.
Although they are usually continuation
patterns, it’s always better to wait for the
Breakout from one side of the Patterns to
be sure whether there will be a rise or a
decline. Finding other confirmations
(From oscillators or of Candlestick
Patterns).
Email: sharechart2015@gmail.com
Kamalpokhari Mob:- 9801140245