Excel Development Bank Ltd.

Excel Development Bank Ltd. (EDBL) is a Development Banks-sector stock on the Nepal Stock Exchange (NEPSE). In the latest trading session it last traded at Rs. 568.90, down -1.10 (-0.19%) from the previous close of Rs. 570.00, ranging between Rs. 557.00 and Rs. 572.00 on the day on a traded volume of 6,588 shares.

Technical outlook

EDBL's technical picture is currently Bearish. Below 20-day average (Rs. 571.87) — short-term weak. 20-day below 50-day — trend down. RSI 47 — neutral. MACD below signal — momentum down.

Key levels

The nearest resistance sits around rs. 590.16. support around rs. 562.69. Over the past year, EDBL has traded between a 52-week low of Rs. 535.90 and a high of Rs. 683.40, placing the current price at about 22% of that range.

A recent candlestick signal detected on EDBL: Bearish Marubozu — Strong full-body down candle with little wick — sellers in control.

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