Shares of Adani Total Gas NSE -4.10 % Ltd. gained 1.36 per cent to Rs 3216.05 in Friday’s trade. It hit a high of Rs 3239.8 and low of Rs 3190.0 during the session.
On the technical charts, the 200-DMA of the stock stood at Rs 2494.17, while the 50-DMA was at Rs 3437.0. 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.
