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. 2,669.00, up +45.00 (+1.71%) from the previous close of Rs. 2,624.00, ranging between Rs. 2,638.00 and Rs. 2,690.00 on the day on a traded volume of 44,882 shares.
Technical outlook
RSML's technical picture is currently Mildly Bullish. Above 20-day average (Rs. 2,666.89) — short-term up. 20-day below 50-day — trend down. RSI 46 — neutral. MACD above signal — momentum up.
Key levels
The nearest resistance sits around rs. 2,762.50. support around rs. 2,630.00. 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 50% of that range.
A recent candlestick signal detected on RSML: Inside Bar — Range contained within the previous candle — consolidation before a move.
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