Forward Microfinance Laghubitta Bittiya Sanstha Limited

Forward Microfinance Laghubitta Bittiya Sanstha Limited (FOWAD) is a Microfinance-sector stock on the Nepal Stock Exchange (NEPSE). In the latest trading session it last traded at Rs. 900.10, up +5.10 (+0.57%) from the previous close of Rs. 895.00, ranging between Rs. 889.00 and Rs. 910.00 on the day on a traded volume of 1,029 shares.

Technical outlook

FOWAD's technical picture is currently Mildly Bullish. Above 20-day average (Rs. 891.12) — short-term up. 20-day below 50-day — trend down. RSI 53 — neutral. MACD above signal — momentum up.

Key levels

The nearest resistance sits around rs. 1,065.03. support around rs. 856.13. Over the past year, FOWAD has traded between a 52-week low of Rs. 834.20 and a high of Rs. 1,364.00, placing the current price at about 12% of that range.

A recent candlestick signal detected on FOWAD: Hammer — Long lower wick rejecting lower prices — potential bullish reversal.

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