Shares of Indian Railway Catering & Tourism Corporation Ltd. slipped 0.77 per cent to Rs 943.9 in Friday’s trade. It hit a high of Rs 959.0 and low of Rs 937.05 during the session.
On the technical charts, the 200-DMA of the stock stood at Rs 721.89, while the 50-DMA was at Rs 904.8. 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.
