Adani Power shares up 0.64% as Nifty gains
Shares of Adani Power Ltd. gained 0.64 per cent to Rs 247.3 in Tuesday’s trade. It hit a high of Rs 254.4 and low of Rs 242.7 during the session.
On the technical charts, the 200-DMA of the stock stood at Rs 260.89, while the 50-DMA was at Rs 251.91. 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.
