Shares of InterGlobe Aviation Ltd. slipped 1.03 per cent to Rs 2903.0 in Thursday’s trade. It hit a high of Rs 2948.75 and low of Rs 2902.0 during the session.
On the technical charts, the 200-DMA of the stock stood at Rs 2420.14, while the 50-DMA was at Rs 2679.55. 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.
