Shares of Adani Power Ltd NSE 5.00 %. gained 5.0 per cent to Rs 303.55 in Wednesday’s trade. It hit a high of Rs 303.55 and low of Rs 291.0 during the session.
On the technical charts, the 200-DMA of the stock stood at Rs 303.71, while the 50-DMA was at Rs 326.98. 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.
