Bhugol Energy Development Company Limited

Bhugol Energy Development Company Limited (BEDC) is a Hydro Power-sector stock on the Nepal Stock Exchange (NEPSE). In the latest trading session it last traded at Rs. 295.00, down -2.50 (-0.84%) from the previous close of Rs. 297.50, ranging between Rs. 293.00 and Rs. 298.00 on the day on a traded volume of 6,392 shares.

Technical outlook

BEDC's technical picture is currently Mildly Bearish. Below 20-day average (Rs. 295.70) — short-term weak. 20-day below 50-day — trend down. RSI 47 — neutral. MACD above signal — momentum up.

Key levels

The nearest resistance sits around rs. 314.23. support around rs. 289.07. Over the past year, BEDC has traded between a 52-week low of Rs. 270.00 and a high of Rs. 716.00, placing the current price at about 6% of that range.

A recent candlestick signal detected on BEDC: Bullish Marubozu — Strong full-body up candle with little wick — buyers in control.

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