Shangrila Development Bank Ltd.

Shangrila Development Bank Ltd. (SADBL) is a Development Banks-sector stock on the Nepal Stock Exchange (NEPSE). In the latest trading session it last traded at Rs. 393.90, up +1.90 (+0.48%) from the previous close of Rs. 392.00, ranging between Rs. 389.00 and Rs. 397.00 on the day on a traded volume of 7,710 shares.

Technical outlook

SADBL's technical picture is currently Mildly Bearish. Below 20-day average (Rs. 404.19) — short-term weak. 20-day above 50-day — trend up. RSI 43 — neutral. MACD below signal — momentum down.

Key levels

The nearest resistance sits around rs. 418.86. support around rs. 393.14. Over the past year, SADBL has traded between a 52-week low of Rs. 375.00 and a high of Rs. 463.00, placing the current price at about 21% of that range.

A recent candlestick signal detected on SADBL: Doji — Open and close nearly equal — indecision between buyers and sellers.

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