Manakamana Engineering Hydropower Limited

Manakamana Engineering Hydropower Limited (MEHL) is a Hydro Power-sector stock on the Nepal Stock Exchange (NEPSE). In the latest trading session it last traded at Rs. 242.90, down -1.10 (-0.45%) from the previous close of Rs. 244.00, ranging between Rs. 241.80 and Rs. 248.00 on the day on a traded volume of 20,118 shares.

Technical outlook

MEHL's technical picture is currently Bearish. Below 20-day average (Rs. 247.28) — short-term weak. 20-day below 50-day — trend down. RSI 43 — neutral. MACD below signal — momentum down.

Key levels

The nearest resistance sits around rs. 266.27. support around rs. 238.47. Over the past year, MEHL has traded between a 52-week low of Rs. 220.00 and a high of Rs. 519.00, placing the current price at about 8% of that range.

A recent candlestick signal detected on MEHL: Inverted Hammer — Long upper wick after a fall — possible bullish reversal attempt.

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