Menchhiyam Hydropower Limited

Menchhiyam Hydropower Limited (MCHL) is a Hydro Power-sector stock on the Nepal Stock Exchange (NEPSE). In the latest trading session it last traded at Rs. 257.10, up +3.50 (+1.38%) from the previous close of Rs. 253.60, ranging between Rs. 252.00 and Rs. 259.40 on the day on a traded volume of 3,311 shares.

Technical outlook

MCHL's technical picture is currently Bearish. Below 20-day average (Rs. 259.27) — short-term weak. 20-day below 50-day — trend down. RSI 46 — neutral. MACD below signal — momentum down.

Key levels

The nearest resistance sits around rs. 288.04. support around rs. 248.00. Over the past year, MCHL has traded between a 52-week low of Rs. 232.00 and a high of Rs. 520.20, placing the current price at about 9% of that range.

A recent candlestick signal detected on MCHL: Doji — Open and close nearly equal — indecision between buyers and sellers.

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