Shares of REC NSE 1.25 % Ltd. gained 1.44 per cent to Rs 158.65 in Wednesday’s trade. It hit a high of Rs 159.2 and low of Rs 155.95 during the session.
On the technical charts, the 200-DMA of the stock stood at Rs 128.67, while the 50-DMA was at Rs 139.18. 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.
