Menchhiyam Hydropower Limited

MCHL — Menchhiyam Hydropower Limited technical analysis

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. 272.00, down -5.70 (-2.05%) from the previous close of Rs. 277.70, ranging between Rs. 270.10 and Rs. 285.00 on the day on a traded volume of 9,843 shares.

Technical outlook

MCHL's technical picture is currently Mildly Bullish. Price (Rs. 277.70) is above its 20-day average (Rs. 263.88) — short-term uptrend. 20-day average is below the 50-day — medium-term trend is down. RSI is 57 — neutral momentum. MACD is above its signal line — momentum is turning up.

Key levels

The nearest resistance sits around rs. 291.01. support around rs. 275.30. Over the past year, MCHL has traded between a 52-week low of Rs. 232.00 and a high of Rs. 539.00, placing the current price at about 13% of that range.

A recent candlestick signal detected on MCHL: Hammer — Long lower wick rejecting lower prices — potential bullish reversal.

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.