GAIL shares fall 0.37% as Nifty gains
Shares of GAIL (India) Ltd. slipped 0.37 per cent to Rs 107.25 in Monday’s trade. It hit a high of Rs 108.1 and low of Rs 107.2 during the session.
On the technical charts, the 200-DMA of the stock stood at Rs 95.83, while the 50-DMA was at Rs 106.33. 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.
