Machhapuchhre Bank Limited

MBL — Machhapuchhre Bank Limited technical analysis

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. 264.30, up +3.50 (+1.34%) from the previous close of Rs. 260.80, ranging between Rs. 260.00 and Rs. 265.10 on the day on a traded volume of 174,783 shares.

Technical outlook

MBL's technical picture is currently Mildly Bullish. Price (Rs. 260.80) is above its 20-day average (Rs. 250.28) — short-term uptrend. 20-day average is below the 50-day — medium-term trend is down. RSI is 66 — neutral momentum. MACD is above its signal line — momentum is turning up.

Key levels

The nearest resistance sits around rs. 262.50. support around rs. 238.53. Over the past year, MBL has traded between a 52-week low of Rs. 205.00 and a high of Rs. 284.00, placing the current price at about 75% of that range.

A recent candlestick signal detected on MBL: Inside Bar — Range contained within the previous candle — consolidation before a move.

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.