Indian Oil Corporation Ltd. shares falls 0.84% as Nifty drops
Shares of Indian Oil Corporation NSE -0.84 % Ltd. slipped 0.84 per cent to Rs 100.05 in Friday’s trade. It hit a high of Rs 101.95 and low of Rs 98.85 during the session.
On the technical charts, the 200-DMA of the stock stood at Rs 87.07, while the 50-DMA was at Rs 95.87. 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.
