Mahalaxmi Bikas Bank Ltd.

Mahalaxmi Bikas Bank Ltd. (MLBL) is a Development Banks-sector stock on the Nepal Stock Exchange (NEPSE). In the latest trading session it last traded at Rs. 373.00, down -1.80 (-0.48%) from the previous close of Rs. 374.80, ranging between Rs. 369.00 and Rs. 379.00 on the day on a traded volume of 25,481 shares.

Technical outlook

MLBL's technical picture is currently Mildly Bullish. Above 20-day average (Rs. 369.77) — short-term up. 20-day above 50-day — trend up. RSI 54 — neutral. MACD below signal — momentum down.

Key levels

The nearest resistance sits around rs. 374.87. support around rs. 351.63. Over the past year, MLBL has traded between a 52-week low of Rs. 330.70 and a high of Rs. 418.00, placing the current price at about 48% of that range.

A recent candlestick signal detected on MLBL: Inside Bar — Range contained within the previous candle — consolidation before a move.

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