GAIL (India) Ltd. shares falls 1.41% as Nifty drops
Shares of GAIL (India) Ltd. slipped 1.41 per cent to Rs 136.35 in Monday’s trade. It hit a high of Rs 140.6 and low of Rs 135.8 during the session.
On the technical charts, the 200-DMA of the stock stood at Rs 109.28, while the 50-DMA was at Rs 138.46. 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.
