IGL shares fall 1.01% as Nifty gains
Shares of Indraprastha Gas Ltd. slipped 1.01 per cent to Rs 387.65 in Wednesday’s trade. It hit a high of Rs 405.9 and low of Rs 379.0 during the session.
On the technical charts, the 200-DMA of the stock stood at Rs 508.73, while the 50-DMA was at Rs 458.83. 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.
