Vodafone IDEA Vs Media (The Art of Creating Panic)Vodafone Idea is a Great Example and a Very Easy pick for Pathetic Media Channels to nitpick for Triggering Undue Panic among Retailers
Look at how the Media houses unfolded their evil plans
News # 1 - Thursday 19th Sep - Vodafone's Target price slashed criminally to Rs. 2 (from Rs. 13)
This caused the Price to crash -19.53% on Thursday and we immediately said NOTHING would happen to Voda as the SC's judgement is common to all Telecom operators involved in the Curative Petition, but Media Channels like NDTV painted a Blood-bath picture only on Vodafone as its the Weakest. Both Reliance Jio and Bharti Airtel were trading Positive on Thursday.
www.ndtvprofit.com
News # 2 - Friday 20th Sep - Clarification that the Curative petition does not affect the lenders
By this time the Price recovered from 9.8 to 10.5
telecom.economictimes.indiatimes.com
News # 3 - Monday 23rd Sep - Conclusion of Mega Deal with Vendors and Lenders
Now today Idea blasted over +10% intraday, but now trading around +6.5%
x.com
Media Houses are Making a Royal Fool out of the Investors and Retailers. Before an investigation could complete, they write articles creating Negative Hype, Crashing the market and making People lose Money
Is this Ethical ?????
Anyways, On the Monthly chart - watch carefully as the Price started taking Resistance on Jun 28th itself from the peak of 19. The Fall was triggered almost 3 months before all these Bullshit news came out and now the recovery has started
But this is NOT yet the end of the story, the price WON'T take a V-Shaped Recovery, the price would fall again to 10.5 zone and go sideways to accumulate power and then finally Blast out to hit the previously given targets of 19, 25, 30
So, people who are looking to Average - NO NEED TO RUSH. Wait for the interim falls to 10.5 levels and sideways movement. It will give you ample opportunities to average at lower levels, but at the same time - there is absolutely no need to Panic
