IGL shares fall 1.33% as Nifty drops
Shares of Indraprastha Gas Ltd. slipped 1.33 per cent to Rs 345.8 in Wednesday’s trade. It hit a high of Rs 352.55 and low of Rs 340.8 during the session.
On the technical charts, the 200-DMA of the stock stood at Rs 467.21, while the 50-DMA was at Rs 372.08. 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.
