MHCL

MHCL — Molung Hydropower Company Limited technical analysis

Molung Hydropower Company Limited (MHCL) is a Hydro Power-sector stock on the Nepal Stock Exchange (NEPSE). In the latest trading session it last traded at Rs. 308.00, down -4.10 (-1.31%) from the previous close of Rs. 312.10, ranging between Rs. 305.20 and Rs. 319.00 on the day on a traded volume of 4,148 shares.

Technical outlook

MHCL's technical picture is currently Bearish. Price is below its 20-day average (Rs. 317.45) — short-term weakness. 20-day average is below the 50-day — medium-term trend is down. RSI is 37 — neutral momentum. MACD is below its signal line — momentum is turning down.

Key levels

The nearest resistance sits around rs. 358.70. support around rs. 301.00. Over the past year, MHCL has traded between a 52-week low of Rs. 301.00 and a high of Rs. 480.00, placing the current price at about 4% of that range.

A recent candlestick signal detected on MHCL: Bearish Marubozu — Strong full-body down candle with little wick — sellers 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.