Indian Oil Corp. shares fall 1.08% as Nifty gains
Shares of Indian Oil Corporation Ltd NSE 0.45 %. slipped 1.08 per cent to Rs 78.0 in Tuesday’s trade. It hit a high of Rs 79.25 and low of Rs 77.5 during the session.
On the technical charts, the 200-DMA of the stock stood at Rs 74.61, while the 50-DMA was at Rs 70.47. 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.
