REC Ltd. shares falls 4.16% as Nifty drops
Shares of REC NSE 3.45 % Ltd. slipped 4.16 per cent to Rs 130.25 in Thursday’s trade. It hit a high of Rs 135.8 and low of Rs 125.5 during the session.
On the technical charts, the 200-DMA of the stock stood at Rs 103.62, while the 50-DMA was at Rs 109.12. 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.
