Mountain Energy Nepal Limited

MEN — Mountain Energy Nepal Limited technical analysis

Mountain Energy Nepal Limited (MEN) is a Hydro Power-sector stock on the Nepal Stock Exchange (NEPSE). In the latest trading session it last traded at Rs. 657.00, up +10.80 (+1.67%) from the previous close of Rs. 646.20, ranging between Rs. 646.10 and Rs. 657.50 on the day on a traded volume of 145,006 shares.

Technical outlook

MEN's technical picture is currently Bullish. Price (Rs. 646.20) is above its 20-day average (Rs. 631.53) — short-term uptrend. 20-day average is above the 50-day — medium-term trend is up. RSI is 67 — neutral momentum. MACD is above its signal line — momentum is turning up.

Key levels

The nearest resistance sits around rs. 659.97. support around rs. 605.04. Over the past year, MEN has traded between a 52-week low of Rs. 535.00 and a high of Rs. 683.40, placing the current price at about 82% of that range.

A recent candlestick signal detected on MEN: Shooting Star — Long upper wick after a rise — buyers rejected, possible reversal down.

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.