Shares of Adani Power Ltd NSE -1.63 %. slipped 1.43 per cent to Rs 300.1 in Friday’s trade. It hit a high of Rs 308.0 and low of Rs 300.0 during the session.
On the technical charts, the 200-DMA of the stock stood at Rs 305.52, while the 50-DMA was at Rs 325.52. 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.