Modi Energy Limited

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. 211.00, down -0.90 (-0.42%) from the previous close of Rs. 211.90, ranging between Rs. 210.40 and Rs. 212.70 on the day on a traded volume of 12,968 shares.

Technical outlook

MEL's technical picture is currently Mildly Bearish. Below 20-day average (Rs. 211.01) — short-term weak. 20-day above 50-day — trend up. RSI 49 — neutral. MACD below signal — momentum down.

Key levels

The nearest resistance sits around rs. 219.18. support around rs. 195.50. 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 12% of that range.

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

Automated read, not advice. Guides: RSI guide, candlestick guide and beginner's investing guide.