Shares of REC NSE -0.63 % Ltd. slipped 2.11 per cent to Rs 158.0 in Monday’s trade. It hit a high of Rs 161.5 and low of Rs 154.4 during the session.
On the technical charts, the 200-DMA of the stock stood at Rs 128.21, while the 50-DMA was at Rs 138.13. 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.
