Machhapuchhre Bank Limited

Machhapuchhre Bank Limited (MBL) is a Commercial Banks-sector stock on the Nepal Stock Exchange (NEPSE). In the latest trading session it last traded at Rs. 266.00, down -4.00 (-1.48%) from the previous close of Rs. 270.00, ranging between Rs. 265.00 and Rs. 271.00 on the day on a traded volume of 123,989 shares.

Technical outlook

MBL's technical picture is currently Mildly Bearish. Below 20-day average (Rs. 267.90) — short-term weak. 20-day above 50-day — trend up. RSI 52 — neutral. MACD below signal — momentum down.

Key levels

The nearest resistance sits around rs. 290.40. support around rs. 231.03. Over the past year, MBL has traded between a 52-week low of Rs. 207.20 and a high of Rs. 290.40, placing the current price at about 71% of that range.

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

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