Tata Power shares fall 0.19% as Nifty gains
Shares of Tata Power NSE 0.56 % Company Ltd. slipped 0.19 per cent to Rs 133.2 in Tuesday’s trade. It hit a high of Rs 135.55 and low of Rs 132.4 during the session.
On the technical charts, the 200-DMA of the stock stood at Rs 92.66, while the 50-DMA was at Rs 120.31. 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.
