MEL

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. 214.90, up +0.30 (+0.14%) from the previous close of Rs. 214.60, ranging between Rs. 212.00 and Rs. 215.10 on the day on a traded volume of 17,055 shares.

Technical outlook

MEL's technical picture is currently Mildly Bearish. Price is below its 20-day average (Rs. 218.05) — short-term weakness. 20-day average is below the 50-day — medium-term trend is down. RSI is 40 — neutral momentum. MACD is above its signal line — momentum is turning up.

Key levels

The nearest resistance sits around rs. 280.12. support around rs. 210.00. Over the past year, MEL has traded between a 52-week low of Rs. 203.80 and a high of Rs. 328.00, placing the current price at about 9% of that range.

A recent candlestick signal detected on MEL: Bullish Marubozu — Strong full-body up candle with little wick — buyers in control.

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.