IGL shares fall 0.78% as Nifty drops
Shares of Indraprastha Gas Ltd. slipped 0.78 per cent to Rs 534.8 in Wednesday’s trade. It hit a high of Rs 545.0 and low of Rs 533.6 during the session.
On the technical charts, the 200-DMA of the stock stood at Rs 481.82, while the 50-DMA was at Rs 517.07. 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.
