GAIL shares up 3.33% as Nifty gains
Shares of GAIL (India) Ltd. gained 3.33 per cent to Rs 162.75 in Thursday’s trade. It hit a high of Rs 162.8 and low of Rs 159.0 during the session.
On the technical charts, the 200-DMA of the stock stood at Rs 146.81, while the 50-DMA was at Rs 154.2. 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.
