Shares of InterGlobe Aviation Ltd. slipped 0.22 per cent to Rs 1998.05 in Monday’s trade. It hit a high of Rs 2037.8 and low of Rs 1996.45 during the session.
On the technical charts, the 200-DMA of the stock stood at Rs 1941.11, while the 50-DMA was at Rs 1952.42. 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.
