Shares of InterGlobe Aviation Ltd. gained 1.37 per cent to Rs 2564.6 in Wednesday’s trade. It hit a high of Rs 2574.95 and low of Rs 2530.05 during the session.
On the technical charts, the 200-DMA of the stock stood at Rs 2005.99, while the 50-DMA was at Rs 2284.83. 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.
