Shares of Adani Green Energy Ltd. gained 5.0 per cent to Rs 1313.6 in Tuesday’s trade. It hit a high of Rs 1313.6 and low of Rs 1294.0 during the session.
On the technical charts, the 200-DMA of the stock stood at Rs 776.48, while the 50-DMA was at Rs 1094.4. 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.
