Adani Power shares up 1.28% as Nifty gains
Shares of Adani Power Ltd. gained 1.28 per cent to Rs 278.4 in Friday’s trade. It hit a high of Rs 284.95 and low of Rs 275.0 during the session.
On the technical charts, the 200-DMA of the stock stood at Rs 254.26, while the 50-DMA was at Rs 256.12. 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.
