Mandakini Hydropower Limited

MHL — Mandakini Hydropower Limited technical analysis

Mandakini Hydropower Limited (MHL) is a Hydro Power-sector stock on the Nepal Stock Exchange (NEPSE). In the latest trading session it last traded at Rs. 464.80, down -5.20 (-1.11%) from the previous close of Rs. 470.00, ranging between Rs. 450.10 and Rs. 474.00 on the day on a traded volume of 15,359 shares.

Technical outlook

MHL's technical picture is currently Mildly Bullish. Price (Rs. 470.00) is above its 20-day average (Rs. 456.82) — short-term uptrend. 20-day average is below the 50-day — medium-term trend is down. RSI is 56 — neutral momentum. MACD is above its signal line — momentum is turning up.

Key levels

The nearest resistance sits around rs. 483.50. support around rs. 469.18. Over the past year, MHL has traded between a 52-week low of Rs. 435.00 and a high of Rs. 580.00, placing the current price at about 21% of that range.

A recent candlestick signal detected on MHL: Morning Star — Down candle, small indecision candle, then a strong up candle — bullish reversal.

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.