Hindustan Petroleum Corporation Ltd. shares falls 0.92% as Nifty gains
Shares of Hindustan Petroleum Corporation Ltd. slipped 0.92 per cent to Rs 221.05 in Wednesday’s trade. It hit a high of Rs 225.85 and low of Rs 220.6 during the session.
On the technical charts, the 200-DMA of the stock stood at Rs 203.74, while the 50-DMA was at Rs 211.36. 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.
