Salapa Bikas Bank Limited

SABBL — Salapa Bikas Bank Limited technical analysis

Salapa Bikas Bank Limited (SABBL) is a Development Banks-sector stock on the Nepal Stock Exchange (NEPSE). In the latest trading session it last traded at Rs. 888.00, down -9.00 (-1.00%) from the previous close of Rs. 897.00, ranging between Rs. 877.00 and Rs. 910.00 on the day on a traded volume of 6,523 shares.

Technical outlook

SABBL's technical picture is currently Mildly Bullish. Price (Rs. 897.00) is above its 20-day average (Rs. 892.31) — short-term uptrend. 20-day average is below the 50-day — medium-term trend is down. RSI is 45 — neutral momentum. MACD is above its signal line — momentum is turning up.

Key levels

The nearest resistance sits around rs. 1,196.00. support around rs. 830.00. Over the past year, SABBL has traded between a 52-week low of Rs. 300.00 and a high of Rs. 2,000.00, placing the current price at about 35% of that range.

A recent candlestick signal detected on SABBL: Shooting Star — Long upper wick after a rise — buyers rejected, possible reversal down.

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.