MEL Technical Analysis
Modi Energy Limited (MEL) is flashing a neutral / mixed technical picture — 2 of 8 indicators are bullish, 4 bearish and 2 neutral. RSI is 47.00 (neutral), and price is below its 200-day moving average.
Price Chart
Momentum & trend indicators
| Indicator | Value | Signal |
|---|---|---|
| RSI (14) | 47.00 | Neutral |
| Stochastic %K (14,3) | 37.02 | Buy |
| MACD (12,26,9) | -2.88 (bullish) | Buy |
| Bollinger %B (20,2) | 0.47 | Neutral |
| SMA 20 | 240.29 · price below | Sell |
| SMA 50 | 249.72 · price below | Sell |
| SMA 100 | 268.68 · price below | Sell |
| SMA 200 | 279.61 · price below | Sell |
Key price levels
What the MEL technicals are saying
Modi Energy Limited (MEL) is flashing a neutral / mixed technical picture — 2 of 8 indicators are bullish, 4 bearish and 2 neutral. RSI is 47.00 (neutral), and price is below its 200-day moving average.
These readings are computed from MEL's daily NEPSE closing prices over 669 sessions and refresh every trading day. They describe momentum and trend only — not company fundamentals. Pair them with MEL's fundamentals and dividend history, and open the interactive technical charts for RSI, MACD, Bollinger Bands and pivot overlays. Technical signals are not investment advice.
MEL technical analysis — FAQ
Is MEL a buy or sell based on technical analysis?
Across 8 momentum and trend indicators, Modi Energy Limited (MEL) currently shows an overall "Neutral" signal — 2 bullish, 4 bearish and 2 neutral. This is a technical read of price action, not investment advice.
What is MEL's RSI right now?
MEL's 14-day RSI is 47.00, which is in the neutral 30–70 zone.
Is MEL above its 200-day moving average?
MEL is trading below its 200-day simple moving average of Rs 279.61 — a longer-term downtrend signal.
What are MEL's support and resistance levels?
Based on the latest session's pivot points, MEL has near-term support around Rs 236.27 (S1) and resistance around Rs 241.77 (R1), with a central pivot at Rs 238.13.