RIDI

RIDI — Ridi Power Company Limited technical analysis

Ridi Power Company Limited (RIDI) is a Hydro Power-sector stock on the Nepal Stock Exchange (NEPSE). In the latest trading session it last traded at Rs. 375.00, down -9.90 (-2.57%) from the previous close of Rs. 384.90, ranging between Rs. 375.00 and Rs. 388.80 on the day on a traded volume of 606,959 shares.

Technical outlook

RIDI's technical picture is currently Bullish. Price (Rs. 375.00) is above its 20-day average (Rs. 360.88) — short-term uptrend. 20-day average is above the 50-day — medium-term trend is up. RSI is 58 — neutral momentum. MACD is above its signal line — momentum is turning up.

Key levels

The nearest resistance sits around rs. 383.06. support around rs. 220.82. Over the past year, RIDI has traded between a 52-week low of Rs. 203.50 and a high of Rs. 415.00, placing the current price at about 81% of that range.

A recent candlestick signal detected on RIDI: 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.