Shares of Power Finance Corporation NSE -0.30 % Ltd. gained 0.97 per cent to Rs 98.9 in Wednesday’s trade. It hit a high of Rs 99.2 and low of Rs 97.15 during the session.
On the technical charts, the 200-DMA of the stock stood at Rs 93.03, while the 50-DMA was at Rs 89.7. 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.
