Shares of Adani Green Energy Ltd. gained 0.34 per cent to Rs 1026.35 in Tuesday’s trade. It hit a high of Rs 1047.15 and low of Rs 1006.55 during the session.
On the technical charts, the 200-DMA of the stock stood at Rs 622.18, while the 50-DMA was at Rs 1051.4. 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.
