Ridge Line Energy Limited

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. 620.10, down -4.90 (-0.78%) from the previous close of Rs. 625.00, ranging between Rs. 616.00 and Rs. 630.00 on the day on a traded volume of 9,346 shares.

Technical outlook

RLEL's technical picture is currently Mildly Bearish. Below 20-day average (Rs. 655.07) — short-term weak. 20-day below 50-day — trend down. RSI 33 — neutral. MACD above signal — momentum up.

Key levels

The nearest resistance sits around rs. 975.16. support around rs. 618.00. 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 25% of that range.

A recent candlestick signal detected on RLEL: Inverted Hammer — Long upper wick after a fall — possible bullish reversal attempt.

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