{"id":410766,"date":"2021-04-15T12:14:39","date_gmt":"2021-04-15T06:44:39","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=410766"},"modified":"2021-04-15T12:14:39","modified_gmt":"2021-04-15T06:44:39","slug":"indian-oil-corp-shares-up-0-11-as-nifty-drops","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/indian-oil-corp-shares-up-0-11-as-nifty-drops\/","title":{"rendered":"Indian Oil Corp. shares up 0.11% as Nifty drops"},"content":{"rendered":"<p>Shares of Indian Oil Corporation Ltd. gained 0.11 per cent to Rs 88.9 in Thursday&#8217;s trade. It hit a high of Rs 90.3 and low of Rs 88.2 during the session.<\/p>\n<p>On the technical charts, the 200-DMA of the stock stood at Rs 88.87, while the 50-DMA was at Rs 96.9. 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.<\/p>\n<p>The stock traded below the signal line of momentum indicator moving average convergence divergence, or MACD, signalling a bearish bias on the counter. The MACD is known for signalling trend reversal in traded securities or indices. It is the difference between the 26-day and 12-day exponential moving averages. A nine-day exponential moving average, called the signal line, is plotted on top of the MACD to reflect &#8220;buy&#8221; or &#8220;sell&#8221; opportunities.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Shares of Indian Oil Corporation Ltd. gained 0.11 per cent to Rs 88.9 in Thursday&#8217;s trade. It hit a high of Rs 90.3 and low of Rs 88.2 during the session. On the technical charts, the 200-DMA of the stock stood at Rs 88.87, while the 50-DMA was at Rs 96.9. 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. [&hellip;]<\/p>\n","protected":false},"author":39,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,191,136],"tags":[],"class_list":["post-410766","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-economic-times","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/410766","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=410766"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/410766\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=410766"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=410766"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=410766"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}