Singati Hydro Energy Limited
SHEL — Singati Hydro Energy Limited technical analysis
Singati Hydro Energy Limited (SHEL) is a Hydro Power-sector stock on the Nepal Stock Exchange (NEPSE). In the latest trading session it last traded at Rs. 304.60, down -0.40 (-0.13%) from the previous close of Rs. 305.00, ranging between Rs. 303.10 and Rs. 307.90 on the day on a traded volume of 25,710 shares.
Technical outlook
SHEL's technical picture is currently Mildly Bullish. Above 20-day average (Rs. 304.21) — short-term up. 20-day above 50-day — trend up. RSI 50 — neutral. MACD below signal — momentum down.
Key levels
The nearest resistance sits around rs. 312.91. support around rs. 268.21. Over the past year, SHEL has traded between a 52-week low of Rs. 267.10 and a high of Rs. 361.00, placing the current price at about 40% of that range.
A recent candlestick signal detected on SHEL: Doji — Open and close nearly equal — indecision between buyers and sellers.
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