Hi Shailu,
Thats an intresting discussion.
According to me the good/ bad news will be there in the price to some extent because at least insiders will know it beforehand .
Yes technical and chart setups do fail when the news flow catches the whole market off guard. But technicals will get you out of the position by triggering stoplosses.
According to me there will be 3 kinds of risk while trading ...MARKET RISK, SECTOR SPECIFIC RISK AND STOCK SPECIFIC RISK....thats why i trade index because i can reduce to a great extent the 2 risks mentiond later. Because the index will be represented by various sectors and multiple stocks and it is an average of all those stocks.
By the way i am also a devotee of Shirdi Sainath everyday. Thanks for the nice photograph of Baba .
ALL THE BEST,
PRAVEEN:clapping: