Madhya Bhotekoshi Jalavidyut Company Limited

MBJC — Madhya Bhotekoshi Jalavidyut Company Limited technical analysis

Madhya Bhotekoshi Jalavidyut Company Limited (MBJC) is a Hydro Power-sector stock on the Nepal Stock Exchange (NEPSE). In the latest trading session it last traded at Rs. 302.00, up +1.00 (+0.33%) from the previous close of Rs. 301.00, ranging between Rs. 296.30 and Rs. 304.00 on the day on a traded volume of 65,865 shares.

Technical outlook

MBJC's technical picture is currently Mildly Bullish. Price (Rs. 301.00) is above its 20-day average (Rs. 274.83) — short-term uptrend. 20-day average is above the 50-day — medium-term trend is up. RSI is 79 — overbought, momentum may be stretched. MACD is above its signal line — momentum is turning up.

Key levels

The nearest resistance sits around rs. 309.75. support around rs. 283.88. Over the past year, MBJC has traded between a 52-week low of Rs. 248.50 and a high of Rs. 333.00, placing the current price at about 63% of that range.

A recent candlestick signal detected on MBJC: 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.