Yes I also think the downside is not much. The same may be true for demand as well. I would see how the stock reacts at this level and maybe do a pilot buy.
I intend to deploy 10-15% capital in this company but I don’t want that capital to be idle. If it slides further it will be difficult to hold for me. If it consolidates then I’m losing opportunities.
So I need to see how it reacts here. If it shows further signs of accumulation I get in and size it otherwise will review.
Anyhow this is my thought for now, if something interests me in this concall my view may change.
Here the dilemma is what typical Technofunda investor faces – technically I have better setups in the market but fundamentally I like this company and biased.
Anyhow will be a good learning experience for me 
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