SHIVAM CEMENTS LTD
SHIVM — SHIVAM CEMENTS LTD technical analysis
SHIVAM CEMENTS LTD (SHIVM) is a Manufacturing And Processing-sector stock on the Nepal Stock Exchange (NEPSE). In the latest trading session it last traded at Rs. 685.00, up +1.20 (+0.18%) from the previous close of Rs. 683.80, ranging between Rs. 679.40 and Rs. 700.00 on the day on a traded volume of 117,682 shares.
Technical outlook
SHIVM's technical picture is currently Mildly Bearish. Below 20-day average (Rs. 685.93) — short-term weak. 20-day above 50-day — trend up. RSI 51 — neutral. MACD below signal — momentum down.
Key levels
The nearest resistance sits around rs. 694.37. support around rs. 640.73. Over the past year, SHIVM has traded between a 52-week low of Rs. 569.40 and a high of Rs. 737.10, placing the current price at about 69% of that range.
A recent candlestick signal detected on SHIVM: Hammer — Long lower wick rejecting lower prices — potential bullish reversal.
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