Tata Power shares up 0.93% as Nifty drops
Shares of Tata Power NSE 0.73 % Company Ltd. gained 0.93 per cent to Rs 125.0 in Thursday’s trade. It hit a high of Rs 126.8 and low of Rs 123.85 during the session.
On the technical charts, the 200-DMA of the stock stood at Rs 86.65, while the 50-DMA was at Rs 113.19. 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.
