Telecom is a high capital intensive business and govt not support other telecom providers to give more leeway to Jio has proved as a nail in its coffin. Notwithstanding that we came across a stock which proves the term that news is already factored in the price.
For this case study, we are taking the stock of Bharti Airtel which has shown an uptrend post announcement of its massive losses and Vodafone stock is also showing the same trend proving the dictum that news is already factored in the price.
Have a look at Vodafone and Airtel accumulated losses below and then look at the chart as sudden uptrend has commenced posting their losses and further announcement related to price hike. It is a great boon for us that India is one of the countries where we have the cheapest internet calls and net connection.
So, it is better to follow the price action on stock chart and do not get swayed by the news as the chart shows that Bharti Airtel has not broken the channel for past so many months and all long terms players can get into the stock with a stop loss of Rs 323 to reap good dividends. Stock has also given a positive signal from a rectangle formation at the break up through the resistance at 379 and thus further rise to 450-475 or more is signaled in short term. If you are looking for the best share for intraday, then make use of this link and be part of an elite traders tribe who make daily money in the stock market.
Now you must understand that why news being factored in the price acts as a barrier from us becoming rich as our mind conveys some message and market undertakes action from a different perspective.
For this case study, we are taking the stock of Bharti Airtel which has shown an uptrend post announcement of its massive losses and Vodafone stock is also showing the same trend proving the dictum that news is already factored in the price.
Have a look at Vodafone and Airtel accumulated losses below and then look at the chart as sudden uptrend has commenced posting their losses and further announcement related to price hike. It is a great boon for us that India is one of the countries where we have the cheapest internet calls and net connection.
Vodafone Losses
Vodafone Idea's net loss of R 50,921.9 crore for the three-month period marked the biggest quarterly loss in India's corporate history.Bharti Airtel Losses
Bharti Airtel's net loss came in at R 23,045 crore, after it made a provision of R 28,450 crore following the Supreme Court ruling.So, it is better to follow the price action on stock chart and do not get swayed by the news as the chart shows that Bharti Airtel has not broken the channel for past so many months and all long terms players can get into the stock with a stop loss of Rs 323 to reap good dividends. Stock has also given a positive signal from a rectangle formation at the break up through the resistance at 379 and thus further rise to 450-475 or more is signaled in short term. If you are looking for the best share for intraday, then make use of this link and be part of an elite traders tribe who make daily money in the stock market.
Now you must understand that why news being factored in the price acts as a barrier from us becoming rich as our mind conveys some message and market undertakes action from a different perspective.
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