Telecom sector has been through tough times for at least from industry players perspective
- Many players were allowed to come in there by increasing competition keeping check on tariffs
- Change in Spectrum buying policy thereby increasing their cost multi-folds
- Entry of new competitor with different technology and different pricing model increased the risk of number portability from existing players to new one
- Some players have got booted our
- Some are on the verge of exit door
What the chart is reflecting here..
this is the chart of long time industry leader and
every time so far has been able to withstand the pressure...
So has the dust settled down or there is more pain left.... That only time can tell
For traders what the chart i saying...
Short me if u can
near channel resistance line
330-340 is ur target / review zone boss
Sustaining above 384 consider that as Stop loss...
Understand your risk:reward potential, your trading style and plan your trade accordingly...!!!
Take care & safe trading...!!!
- Many players were allowed to come in there by increasing competition keeping check on tariffs
- Change in Spectrum buying policy thereby increasing their cost multi-folds
- Entry of new competitor with different technology and different pricing model increased the risk of number portability from existing players to new one
- Some players have got booted our
- Some are on the verge of exit door
What the chart is reflecting here..
this is the chart of long time industry leader and
every time so far has been able to withstand the pressure...
So has the dust settled down or there is more pain left.... That only time can tell
For traders what the chart i saying...
Short me if u can
near channel resistance line
330-340 is ur target / review zone boss
Sustaining above 384 consider that as Stop loss...
Understand your risk:reward potential, your trading style and plan your trade accordingly...!!!
Take care & safe trading...!!!