MEL Technical Analysis
As of the Oct 16, 2026 close, Modi Energy Limited (MEL) is flashing a neutral / mixed technical picture — 2 of 8 indicators are bullish, 4 bearish and 2 neutral. RSI is 49.02 (neutral), and price is below its 200-day moving average.
Daily bars to the Oct 16, 2026 close · Source: Nepal Stock Exchange (NEPSE), via Hamroshare
Price Chart
Momentum & trend indicators
Daily bars to the Oct 16, 2026 close · Source: Nepal Stock Exchange (NEPSE), via Hamroshare
| Indicator | Value | Signal |
|---|---|---|
| RSI (14) | 49.02 | Neutral |
| Stochastic %K (14,3) | 25.42 | Buy |
| MACD (12,26,9) | -0.19 (bearish) | Sell |
| Bollinger %B (20,2) | 0.33 | Neutral |
| SMA 20 | 211.33 · price below | Sell |
| SMA 50 | 208.81 · price above | Buy |
| SMA 100 | 218.48 · price below | Sell |
| SMA 200 | 246.33 · price below | Sell |
| EMA 5 | 209.19 · price above | — |
| EMA 20 | 209.77 · price below | — |
| EMA 180 | 236.69 · price below | — |
Key price levels
Daily bars to the Oct 16, 2026 close · Source: Nepal Stock Exchange (NEPSE), via Hamroshare
| S3 | S2 | S1 | Pivot | R1 | R2 | R3 |
|---|---|---|---|---|---|---|
| 203.17 | 204.63 | 207.07 | 208.53 | 210.97 | 212.43 | 214.87 |
MEL price history, last 10 sessions
Daily bars to the Oct 16, 2026 close · Source: Nepal Stock Exchange (NEPSE), via Hamroshare
| Date | Open | High | Low | Close | Volume |
|---|---|---|---|---|---|
| 2026-10-16 | 206.10 | 210.00 | 206.10 | 209.50 | 6,003 |
| 2026-10-15 | 207.50 | 210.00 | 207.00 | 209.00 | 13,329 |
| 2026-10-14 | 208.00 | 210.00 | 207.50 | 207.50 | 17,690 |
| 2026-10-13 | 208.20 | 210.50 | 208.20 | 209.50 | 5,770 |
| 2026-10-12 | 219.00 | 219.00 | 209.00 | 209.20 | 6,944 |
| 2026-10-09 | 220.00 | 220.00 | 209.50 | 211.00 | 8,014 |
| 2026-10-08 | 219.00 | 219.00 | 208.20 | 211.00 | 14,099 |
| 2026-10-07 | 207.10 | 212.00 | 207.00 | 209.10 | 13,060 |
| 2026-10-06 | 219.00 | 219.00 | 206.50 | 208.20 | 6,509 |
| 2026-10-05 | 210.00 | 210.00 | 206.20 | 208.90 | 6,450 |
Average daily volume over the last 30 sessions: 16,934 shares.
Download the last 250 sessions: CSV · JSON · plain-text summary
What the MEL technicals are saying
As of the Oct 16, 2026 close, Modi Energy Limited (MEL) is flashing a neutral / mixed technical picture — 2 of 8 indicators are bullish, 4 bearish and 2 neutral. RSI is 49.02 (neutral), and price is below its 200-day moving average.
These readings are computed from MEL's daily NEPSE closing prices over 751 sessions and refresh every trading day. They describe momentum and trend only — not company fundamentals. Pair them with MEL's fundamentals, dividend history and financial report, 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?
As of the Oct 16, 2026 close, MEL's 14-day RSI is 49.02, which is in the neutral 30–70 zone.
Is MEL above its 200-day moving average?
As of the Oct 16, 2026 close, MEL is trading below its 200-day simple moving average of Rs 246.33 — a longer-term downtrend signal.
What are MEL's support and resistance levels?
Based on classic pivot points from the Oct 16, 2026 session, MEL has support at Rs 207.07 (S1), Rs 204.63 (S2) and Rs 203.17 (S3), and resistance at Rs 210.97 (R1), Rs 212.43 (R2) and Rs 214.87 (R3), with a central pivot at Rs 208.53.
What are MEL's EMA 5, EMA 20 and EMA 180?
As of the Oct 16, 2026 close, MEL's exponential moving averages are Rs 209.19 (EMA 5), 209.77 (EMA 20), 236.69 (EMA 180). The close of Rs 209.50 is above the EMA 5, below the EMA 20, below the EMA 180.