Shares of ICICI Lombard General Insurance Company Ltd. slipped 0.78 per cent to Rs 1696.85 in Friday’s trade. It hit a high of Rs 1710.3 and low of Rs 1674.65 during the session. On the technical charts, the 200-DMA of the stock stood at Rs 1453.54, while the 50-DMA was at Rs 1661.21. 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…
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