Bharti Airtel dropped sentimentally on Reliance JIO announcement (on 1st Sep 2016). Today’s price action tested 331 levels i.e the Scene of Crime zone where people came and sold emotionally.
Points to Remember IDEA and RCOM are yet to revisit those emotional selling levels aka Scene of Crime (SOC). Below Charts shows the IDEA and RCOM soc levels.
IDEA Daily Charts
RCOM Daily Charts