Adani Gas shares fall 4.95% as Nifty drops
Shares of Adani Total Gas NSE -0.97 % Ltd. slipped 4.95 per cent to Rs 2218.1 in Wednesday’s trade. It hit a high of Rs 2386.4 and low of Rs 2218.1 during the session.
On the technical charts, the 200-DMA of the stock stood at Rs 1730.5, while the 50-DMA was at Rs 2279.39. 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.
