Adani Green shares fall 1.23% as Nifty gains
Shares of Adani Green Energy Ltd. slipped 1.23 per cent to Rs 1908.8 in Tuesday’s trade. It hit a high of Rs 1946.95 and low of Rs 1904.25 during the session.
On the technical charts, the 200-DMA of the stock stood at Rs 1356.18, while the 50-DMA was at Rs 1900.81. 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.
