Tata Power shares fall 2.34% as Nifty drops

Tata Power shares fall 2.34% as Nifty drops - Check out the updates here

[{"selector":"#anim-2d759485-8ef0-472d-b334-577899fb2792 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-7.812499744007886%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] Shares of Tata Power Company Ltd NSE -0.74 %. traded 2.34 per cent down at Rs 227.25 on Monday

As many as 1,679,649 shares changed hands on the counter with a total value of Rs 38.33 crore.

[{"selector":"#anim-364cc15c-4739-404d-b1dc-a27853fb2f1c [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(31.249999886225726%, 0, 0) translate(25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.14,.34,.47,.9)","fill":"forwards"}]

The stock quoted a 52-week high price of Rs 298.0 and a 52-week low of Rs 121.75.

[{"selector":"#anim-4ac59534-dd66-405a-a6f7-162754770d42 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-31.240316969414234%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}]

On the technical charts, the 200-DMA of the stock stood at Rs 231.66, while 50-DMA was at Rs 220.86.

[{"selector":"#anim-0c2de60d-0e79-4078-a528-74a8365afebc [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(31.249999886225726%, 0, 0) translate(25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.14,.34,.47,.9)","fill":"forwards"}]

If a stock trades above 50 DMA and 200 DMA, it usually means the immediate trend is up.

[{"selector":"#anim-b88fbd52-4c69-478e-80d8-c1f7eaff96f0 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-28.90624987200394%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}]

On the other hand, if the stock trades below 50 DMA and 200 DMA both, it is considered a bearish trend

[{"selector":"#anim-676cfc83-da20-4fd5-b52f-05e24f7e5bf6 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(7.81616854131687%, 0, 0) translate(25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.14,.34,.47,.9)","fill":"forwards"}]

Shares of the company have advanced 79.79 per cent in the past one year, while Sensex has risen 8.28 per cent during the same period.

[{"selector":"#anim-159a8cd5-5cc3-404a-87eb-306cb66c7de7 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-31.249999886225726%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}]

Investors are requested to carefully study about the particular stock before investing any amount into it

[{"selector":"#anim-f8f39dbc-921c-41b4-afd5-e2c499a9910e [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-31.249999886225726%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}]

[{"selector":"#anim-de5a456f-04ef-4bdb-9c77-c781d8058fa7 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(31.249999886225726%, 0, 0) translate(25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.14,.34,.47,.9)","fill":"forwards"}] Hope you people found the story informative. For more such interesting stuff, click on the link given below SWIPE UP