Shares of InterGlobe Aviation Ltd. slipped 0.2 per cent to Rs 1909.2 in Monday’s trade. It hit a high of Rs 1920.05 and low of Rs 1895.9 during the session.
On the technical charts, the 200-DMA of the stock stood at Rs 1893.92, while the 50-DMA was at Rs 1933.94. 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.
