Mahalaxmi Bikas Bank Ltd.

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. 365.00, up +0.50 (+0.14%) from the previous close of Rs. 364.50, ranging between Rs. 360.40 and Rs. 382.70 on the day on a traded volume of 27,560 shares.

Technical outlook

MLBL's technical picture is currently Mildly Bullish. Price (Rs. 364.50) is above its 20-day average (Rs. 350.57) — short-term uptrend. 20-day average is below the 50-day — medium-term trend is down. RSI is 63 — neutral momentum. MACD is above its signal line — momentum is turning up.

Key levels

The nearest resistance sits around rs. 375.09. support around rs. 359.57. 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 39% of that range.

A recent candlestick signal detected on MLBL: 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.