Bhugol Energy Development Company Limited

BEDC — Bhugol Energy Development Company Limited technical analysis

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. 315.90, up +4.90 (+1.58%) from the previous close of Rs. 311.00, ranging between Rs. 296.30 and Rs. 319.80 on the day on a traded volume of 34,871 shares.

Technical outlook

BEDC's technical picture is currently Mildly Bullish. Price (Rs. 315.90) is above its 20-day average (Rs. 296.63) — short-term uptrend. 20-day average is below the 50-day — medium-term trend is down. RSI is 60 — neutral momentum. MACD is above its signal line — momentum is turning up.

Key levels

The nearest resistance sits around rs. 347.22. support around rs. 315.18. Over the past year, BEDC has traded between a 52-week low of Rs. 270.00 and a high of Rs. 728.00, placing the current price at about 10% of that range.

A recent candlestick signal detected on BEDC: Bullish Engulfing — Up candle fully engulfs the prior down candle — momentum shifting up.

This is an automated technical read from end-of-day NEPSE data, refreshed each trading day — for information only, not investment advice. New to these terms? See our RSI guide, candlestick guide and beginner's investing guide.