Let me answer first a question which
many people are concerned about?
There seems to be no wrong with the company
and procedural lapses are not major concern.
It is a monopoly company in India.
Now, question arises is that why share is falling?
Answer is very simple the first swing was straight away from 244 t0 1029.7
in between there is no swing so there was free fall
available to the smart money.
A simple concept of mathematics is that
there should at least be three points to
make a straight line, otherwise it is vulnerable.
Now read the notes on the chart and act accordingly.
Disclaimer: I am not a registered analyst with SEBI. It is only for eduacational purposes. Please consult your financial advisor before making any decision. I will not be responsible for any of
your profits or losses.
Thank you