Manakamana Engineering Hydropower Limited

MEHL — Manakamana Engineering Hydropower Limited technical analysis

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. 259.00, down -3.90 (-1.48%) from the previous close of Rs. 262.90, ranging between Rs. 256.60 and Rs. 268.00 on the day on a traded volume of 61,578 shares.

Technical outlook

MEHL's technical picture is currently Mildly Bullish. Price (Rs. 262.90) is above its 20-day average (Rs. 241.64) — short-term uptrend. 20-day average is below the 50-day — medium-term trend is down. RSI is 55 — neutral momentum. MACD is above its signal line — momentum is turning up.

Key levels

The nearest resistance sits around rs. 395.38. support around rs. 220.00. 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 13% of that range.

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

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.