Reliance Spinning Mills Limited

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. 2,699.00, down -58.00 (-2.10%) from the previous close of Rs. 2,757.00, ranging between Rs. 2,690.00 and Rs. 2,796.70 on the day on a traded volume of 41,123 shares.

Technical outlook

RSML's technical picture is currently Mildly Bearish. Price is below its 20-day average (Rs. 2,801.25) — short-term weakness. 20-day average is below the 50-day — medium-term trend is down. RSI is 44 — neutral momentum. MACD is above its signal line — momentum is turning up.

Key levels

The nearest resistance sits around rs. 2,926.00. support around rs. 2,674.95. 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 51% of that range.

A recent candlestick signal detected on RSML: 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.