MEN

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. 595.10, down -5.00 (-0.83%) from the previous close of Rs. 600.10, ranging between Rs. 595.00 and Rs. 601.00 on the day on a traded volume of 43,063 shares.

Technical outlook

MEN's technical picture is currently Bullish. Price (Rs. 595.10) is above its 20-day average (Rs. 590.07) — short-term uptrend. 20-day average is above the 50-day — medium-term trend is up. RSI is 54 — neutral momentum. MACD is above its signal line — momentum is turning up.

Key levels

The nearest resistance sits around rs. 604.96. support around rs. 569.04. 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 40% of that range.

A recent candlestick signal detected on MEN: 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.