NSE:IDEA   VODAFONE IDEA LTD
VODAFONE IDEA LTD.
DATE - AUG 04, 2021.
Formation of DEATH CROSS in IDEA and sharp fall in share price.
Idea breaks multiple support level .
1.The death cross is a technical chart pattern indicating the potential for a major selloff and has proven to be a reliable predictor of some of the most severe bear markets of the past century, including 1929, 1938, 1974, and 2008.
2.The death cross appears on a chart when a stock’s short-term moving average, usually the 50-day, crosses below its long-term moving average, usually the 200-day .
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.