Open AccessUse of Technical Analysis Tools in Nepalese Stock Market
Author(s) -
Rashesh Vaidya
Publication year - 2018
Publication title -
pyc nepal journal of management/pyc nepal journal of management
Language(s) - English
Resource type - Journals
eISSN - 2738-9847
pISSN - 2091-0258
DOI - 10.3126/pycnjm.v11i1.35920
Subject(s) - technical analysis , stock market , stock (firearms) , stock exchange , business , market analysis , economics , financial economics , context (archaeology) , finance , marketing , geography , archaeology
This paper has attempted to find the interest of Nepalese investors, brokers and depository participants on the use the technical tools for the analysis of the stock market. The use of technical analysis in context to Nepal shows that the participants in the Nepalese stock market are highly interested on the use of new Hi-Lo price while making their investment decisions. Another interest was seen for trade volume indicators. The Nepalese stock market participants are not seen interested in using the resistance and support level followed by the pattern i.e. candlestick charts while analyzing the stock market trend.