Ridge Line Energy Limited

RLEL — Ridge Line Energy Limited technical analysis

Ridge Line Energy Limited (RLEL) is a Hydro Power-sector stock on the Nepal Stock Exchange (NEPSE). In the latest trading session it last traded at Rs. 766.00, up +1.10 (+0.14%) from the previous close of Rs. 764.90, ranging between Rs. 759.00 and Rs. 774.00 on the day on a traded volume of 7,369 shares.

Technical outlook

RLEL's technical picture is currently Bearish. Price is below its 20-day average (Rs. 817.07) — short-term weakness. 20-day average is below the 50-day — medium-term trend is down. RSI is 39 — neutral momentum. MACD is below its signal line — momentum is turning down.

Key levels

The nearest resistance sits around rs. 980.57. support around rs. 700.15. Over the past year, RLEL has traded between a 52-week low of Rs. 300.00 and a high of Rs. 1,592.30, placing the current price at about 36% of that range.

A recent candlestick signal detected on RLEL: Hammer — Long lower wick rejecting lower prices — potential 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.