Corporate Development Bank Limited

CORBL — Corporate Development Bank Limited technical analysis

Corporate Development Bank Limited (CORBL) is a Development Banks-sector stock on the Nepal Stock Exchange (NEPSE). In the latest trading session it last traded at Rs. 816.00, down -8.00 (-0.97%) from the previous close of Rs. 824.00, ranging between Rs. 800.00 and Rs. 829.70 on the day on a traded volume of 12,374 shares.

Technical outlook

CORBL's technical picture is currently Neutral. Price is below its 20-day average (Rs. 874.58) — short-term weakness. 20-day average is below the 50-day — medium-term trend is down. RSI is 27 — oversold, a bounce is possible. MACD is above its signal line — momentum is turning up.

Key levels

The nearest resistance sits around rs. 1,619.14. support around rs. 800.10. Over the past year, CORBL has traded between a 52-week low of Rs. 800.10 and a high of Rs. 3,183.00, placing the current price at about 1% of that range.

A recent candlestick signal detected on CORBL: Doji — Open and close nearly equal — indecision between buyers and sellers.

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.