Makar Jitumaya Suri Hydropower Limited

MAKAR — Makar Jitumaya Suri Hydropower Limited technical analysis

Makar Jitumaya Suri Hydropower Limited (MAKAR) is a Hydro Power-sector stock on the Nepal Stock Exchange (NEPSE). In the latest trading session it last traded at Rs. 418.20, down -0.80 (-0.19%) from the previous close of Rs. 419.00, ranging between Rs. 414.90 and Rs. 425.00 on the day on a traded volume of 132,986 shares.

Technical outlook

MAKAR's technical picture is currently Mildly Bullish. Price (Rs. 419.00) is above its 20-day average (Rs. 410.73) — short-term uptrend. 20-day average is below the 50-day — medium-term trend is down. RSI is 52 — neutral momentum. MACD is above its signal line — momentum is turning up.

Key levels

The nearest resistance sits around rs. 533.03. support around rs. 393.68. Over the past year, MAKAR has traded between a 52-week low of Rs. 389.00 and a high of Rs. 629.30, placing the current price at about 12% of that range.

A recent candlestick signal detected on MAKAR: Bearish Engulfing — Down candle fully engulfs the prior up candle — momentum shifting down.

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.