Shares of GAIL (India) Ltd. gained 1.4 per cent to Rs 130.0 in Monday’s trade. It hit a high of Rs 130.2 and low of Rs 128.25 during the session.
On the technical charts, the 200-DMA of the stock stood at Rs 108.71, while the 50-DMA was at Rs 120.7. 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.
