Shares of InterGlobe Aviation Ltd. gained 0.17 per cent to Rs 1865.75 in Friday’s trade. It hit a high of Rs 1900.05 and low of Rs 1826.1 during the session.
On the technical charts, the 200-DMA of the stock stood at Rs 1875.53, while the 50-DMA was at Rs 2001.59. 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.
