Indian Oil Corp. shares up 0.44% as Nifty gains
Shares of Indian Oil Corporation Ltd. gained 0.44 per cent to Rs 79.9 in Tuesday’s trade. It hit a high of Rs 80.05 and low of Rs 79.1 during the session.
On the technical charts, the 200-DMA of the stock stood at Rs 74.08, while the 50-DMA was at Rs 79.32. 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.
