Tata Power Company Ltd. shares falls 2.12% as Nifty gains
Shares of Tata Power Company NSE -2.40 % Ltd. slipped 2.12 per cent to Rs 87.75 in Friday’s trade. It hit a high of Rs 91.5 and low of Rs 85.0 during the session.
On the technical charts, the 200-DMA of the stock stood at Rs 55.94, while the 50-DMA was at Rs 77.16. 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.
