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 .

Comments

but the last two days the price has short up bhai... what's the levels for this august series??
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mayur1630 karthikbaskar83
@karthikbaskar83, First sorry for late reply, yes your opinion is right but from my observation now technical and fundamental is not matter for idea it is now just a news base moment and it will keep going until major plan come out.
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