Adani Gas shares fall 1.31% as Nifty drops
Shares of Adani Total Gas NSE -0.91 % Ltd. slipped 1.31 per cent to Rs 3568.1 in Friday’s trade. It hit a high of Rs 3640.0 and low of Rs 3553.4 during the session.
On the technical charts, the 200-DMA of the stock stood at Rs 2789.91, while the 50-DMA was at Rs 3494.44. If a stock trades above 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades below 50-DMA and 200-DMA, it is considered a bearish trend and if trades between these averages, then it suggests the stock can go either way.
