Vodafone Idea breaks 100-WMA, hits Rs 7.26 mark. What's next for the stock?

This is the first time the counter has broken 100-weekly moving average (WMA)

Shares of Vodafone Idea (VIL) tanked 12 per cent to hit a 52-week low of Rs 7.26 on the BSE in Tuesday's session after reports suggested Kumar Mangalam Birla has told the government that he is willing to give up promoter stake in the company. 

The stock of the telecom services company fell below its previous low of Rs 7.60 touched on October 19, 2020. It was trading at the lowest level since July 2020. The stock had hit a record low of Rs 2.61 in November 2019. READ HERE

Here's a look at what tech charts are