HPCL shares up 1.08% as Nifty gains
Shares of Hindustan Petroleum Corporation Ltd. gained 1.08 per cent to Rs 238.5 in Thursday’s trade. It hit a high of Rs 239.75 and low of Rs 236.25 during the session.
On the technical charts, the 200-DMA of the stock stood at Rs 214.05, while the 50-DMA was at Rs 234.51. 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.
