Shares of InterGlobe Aviation Ltd NSE -0.41 %. slipped 0.77 per cent to Rs 1625.25 in Wednesday’s trade. It hit a high of Rs 1638.15 and low of Rs 1604.55 during the session.
On the technical charts, the 200-DMA of the stock stood at Rs 1942.83, while the 50-DMA was at Rs 1744.44. 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.
