REC Ltd. shares falls 2.87% as Nifty gains
Shares of REC NSE -0.95 % Ltd. slipped 2.87 per cent to Rs 115.2 in Friday’s trade. It hit a high of Rs 115.35 and low of Rs 111.35 during the session.
On the technical charts, the 200-DMA of the stock stood at Rs 105.62, while the 50-DMA was at Rs 103.23. 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.
