Shares of InterGlobe Aviation Ltd. gained 4.03 per cent to Rs 1903.25 in Friday’s trade. It hit a high of Rs 1910.0 and low of Rs 1825.3 during the session.
On the technical charts, the 200-DMA of the stock stood at Rs 1889.41, while the 50-DMA was at Rs 1949.34. 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.
