Hi Ravi,
Thanx for the analysis of the situation, and as far as the investment is concerned i don't hold you responsible for my loss at all, the final decision lies with me you had given your analysis with utmost sincerity and such things do happen.....so be it.....
I had opportunities to sell (@275
first ) & then at @256-257 but i decided to hang on....
I jus wanted to know if i do average out my cost by investing more right now will it be throwing good money after bad?....or even if i was to book my loss should i book it right now or has it hit the bottom and will show some upward movement in the next few days....I trust the situation will not have any bearing on your suggestions to me, one cannot expect to make money/make 100% right calls all the time anyway.....
The daily chart gave a sell signal a few days ago....and the the scrip seems to be making lower tops...which is kinda worrying.....regarding the volumes....yesterday's volumes were off the chart!!!!!
I'm realtively new to technical anaylsis....so my interpretations might be flawed...i would be very obliged if you could tell me which indicators have you studied for the scrip so that i may also keep a tab on the same and prevent any further losses...
On the fundamentals side the company does look ok....the BPO business i believe wasn't doing exceptionally well but after the BHATRI project that should also have got a kickstart...
On a separate note i think you are doing a great job....keep up the good work....
Regards,
Dheeraj M