Hindustan Petroleum Corporation Ltd. shares up 8.19% as Nifty gains
Shares of Hindustan Petroleum Corporation Ltd. gained 8.19 per cent to Rs 202.05 in Thursday’s trade. It hit a high of Rs 202.9 and low of Rs 194.35 during the session.
On the technical charts, the 200-DMA of the stock stood at Rs 204.99, while the 50-DMA was at Rs 185.17. 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.
