Shares of InterGlobe Aviation NSE 2.51 % Ltd. slipped 2.52 per cent to Rs 1219.05 in Wednesday’s trade. It hit a high of Rs 1254.25 and low of Rs 1216.85 during the session.
On the technical charts, the 200-DMA of the stock stood at Rs 1154.45, while the 50-DMA was at Rs 1064.4. 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.
