Shares of Tata Power Company Ltd NSE 0.74 %. gained 0.87 per cent to Rs 231.5 in Thursday’s trade. It hit a high of Rs 233.25 and low of Rs 230.2 during the session.
On the technical charts, the 200-DMA of the stock stood at Rs 231.66, while the 50-DMA was at Rs 221.22. 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.
