REC shares rise 1.39% as Nifty drops
Shares of REC NSE 1.17 % Ltd. traded 1.39 per cent up at Rs 134.5 on Monday at around 11:01AM (IST), while the benchmark BSE Sensex declined 286.14 points to 57410.32.
As many as 142,117 shares changed hands on the counter with a total value of Rs 1.89 crore.
The stock quoted a 52-week high price of Rs 168.7 and a 52-week low of Rs 121.45.
On the technical charts, the 200-DMA of the stock stood at Rs 145.84, while 50-DMA was at Rs 149.18. If a stock trades above 50 DMA and 200 DMA, it usually means the immediate trend is up. On the other hand, if the stock trades below 50 DMA and 200 DMA both, it is considered a bearish trend and if it trades between 50DMA and 200DMA, then it suggests the stock can go anywhere.
