Adani Green shares fall 1.9% as Nifty gains
Shares of Adani Green Energy Ltd. slipped 1.9 per cent to Rs 1172.0 in Thursday’s trade. It hit a high of Rs 1215.0 and low of Rs 1164.4 during the session.
On the technical charts, the 200-DMA of the stock stood at Rs 816.81, while the 50-DMA was at Rs 1136.1. 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.
