HPCL shares fall 2.14% as Nifty drops
Shares of Hindustan Petroleum Corporation Ltd NSE -0.09 %. slipped 2.14 per cent to Rs 222.15 in Monday’s trade. It hit a high of Rs 230.0 and low of Rs 221.05 during the session.
On the technical charts, the 200-DMA of the stock stood at Rs 265.22, while the 50-DMA was at Rs 241.02. 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.
