On Thursday, shares of Tata Power Company Ltd. experienced a notable increase, rising 3.27% to reach Rs 476.00. During the trading session, the stock peaked at Rs 476.85 and dipped to a low of Rs 455.90.
Analyzing the technical charts, the stock’s 200-day moving average (DMA) is currently at Rs 413.66, while the 50-DMA stands at Rs 440.40. Typically, when a stock trades above both the 50-DMA and 200-DMA, it indicates an upward trend in the short term. Conversely, trading below these averages suggests a bearish trend. If the stock fluctuates between these two moving averages, it may signal potential volatility in either direction.
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