Shangrila Development Bank Ltd.

SADBL — Shangrila Development Bank Ltd. technical analysis

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. 429.00, up +8.40 (+2.00%) from the previous close of Rs. 420.60, ranging between Rs. 423.10 and Rs. 432.00 on the day on a traded volume of 61,420 shares.

Technical outlook

SADBL's technical picture is currently Mildly Bullish. Price (Rs. 420.60) is above its 20-day average (Rs. 409.56) — short-term uptrend. 20-day average is below the 50-day — medium-term trend is down. RSI is 66 — neutral momentum. MACD is above its signal line — momentum is turning up.

Key levels

The nearest resistance sits around rs. 424.86. support around rs. 416.43. Over the past year, SADBL has traded between a 52-week low of Rs. 376.00 and a high of Rs. 463.00, placing the current price at about 61% of that range.

A recent candlestick signal detected on SADBL: 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.