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.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.