HPCL shares fall 1.6% as Nifty drops
Shares of Hindustan Petroleum Corporation Ltd NSE 0.54 %. slipped 1.6 per cent to Rs 227.6 in Tuesday’s trade. It hit a high of Rs 232.0 and low of Rs 225.25 during the session.
On the technical charts, the 200-DMA of the stock stood at Rs 281.41, while the 50-DMA was at Rs 230.49. 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.
