Tata Power shares up 8.58% as Nifty gains
Shares of Tata Power NSE 13.23 % Company Ltd. gained 8.58 per cent to Rs 212.6 in Wednesday’s trade. It hit a high of Rs 215.35 and low of Rs 200.0 during the session.
On the technical charts, the 200-DMA of the stock stood at Rs 112.64, while the 50-DMA was at Rs 142.66. 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.
