RSML

RSML — Reliance Spinning Mills Limited technical analysis

Reliance Spinning Mills Limited (RSML) is a Manufacturing And Processing-sector stock on the Nepal Stock Exchange (NEPSE). In the latest trading session it last traded at Rs. 2,620.00, up +78.40 (+3.08%) from the previous close of Rs. 2,541.60, ranging between Rs. 2,540.00 and Rs. 2,640.00 on the day on a traded volume of 27,037 shares.

Technical outlook

RSML's technical picture is currently Bearish. Price is below its 20-day average (Rs. 3,085.73) — short-term weakness. 20-day average is below the 50-day — medium-term trend is down. RSI is 32 — neutral momentum. MACD is below its signal line — momentum is turning down.

Key levels

The nearest resistance sits around rs. 2,971.00. Over the past year, RSML has traded between a 52-week low of Rs. 300.00 and a high of Rs. 5,049.00, placing the current price at about 49% of that range.

A recent candlestick signal detected on RSML: Bullish Engulfing — Up candle fully engulfs the prior down candle — momentum shifting up.

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.