MLBL

MLBL — Mahalaxmi Bikas Bank Ltd. technical analysis

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. 350.90, down -3.40 (-0.96%) from the previous close of Rs. 354.30, ranging between Rs. 350.40 and Rs. 354.00 on the day on a traded volume of 19,251 shares.

Technical outlook

MLBL's technical picture is currently Bearish. Price is below its 20-day average (Rs. 355.40) — short-term weakness. 20-day average is below the 50-day — medium-term trend is down. RSI is 44 — neutral momentum. MACD is below its signal line — momentum is turning down.

Key levels

The nearest resistance sits around rs. 358.63. support around rs. 350.30. Over the past year, MLBL has traded between a 52-week low of Rs. 340.10 and a high of Rs. 418.00, placing the current price at about 14% of that range.

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

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.