Modi Energy Limited

MEL — Modi Energy Limited technical analysis

Modi Energy Limited (MEL) is a Hydro Power-sector stock on the Nepal Stock Exchange (NEPSE). In the latest trading session it last traded at Rs. 216.00, up +0.00 (+0.00%) from the previous close of Rs. 216.00, ranging between Rs. 215.00 and Rs. 220.10 on the day on a traded volume of 33,036 shares.

Technical outlook

MEL's technical picture is currently Mildly Bullish. Price (Rs. 216.00) is above its 20-day average (Rs. 205.08) — short-term uptrend. 20-day average is below the 50-day — medium-term trend is down. RSI is 63 — neutral momentum. MACD is above its signal line — momentum is turning up.

Key levels

The nearest resistance sits around rs. 261.44. support around rs. 196.14. Over the past year, MEL has traded between a 52-week low of Rs. 195.00 and a high of Rs. 328.00, placing the current price at about 16% of that range.

A recent candlestick signal detected on MEL: 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.