Shikhar power Development Limited
SIPD — Shikhar power Development Limited technical analysis
Shikhar power Development Limited (SIPD) is a Hydro Power-sector stock on the Nepal Stock Exchange (NEPSE). In the latest trading session it last traded at Rs. 498.00, down -5.90 (-1.17%) from the previous close of Rs. 503.90, ranging between Rs. 491.00 and Rs. 510.00 on the day on a traded volume of 10,173 shares.
Technical outlook
SIPD's technical picture is currently Mildly Bearish. Below 20-day average (Rs. 519.86) — short-term weak. 20-day below 50-day — trend down. RSI 38 — neutral. MACD above signal — momentum up.
Key levels
The nearest resistance sits around rs. 748.90. support around rs. 478.00. Over the past year, SIPD has traded between a 52-week low of Rs. 284.30 and a high of Rs. 1,216.80, placing the current price at about 23% of that range.
A recent candlestick signal detected on SIPD: Evening Star — Up candle, small indecision candle, then a strong down candle — bearish reversal.
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