Shares of Tata Power Company NSE 1.64 % Ltd. gained 1.58 per cent to Rs 83.45 in Tuesday’s trade. It hit a high of Rs 84.3 and low of Rs 82.55 during the session.
On the technical charts, the 200-DMA of the stock stood at Rs 53.07, while the 50-DMA was at Rs 71.33. 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.
