This market has reached the lowest possible point. The price is below the clouds so primary trend is bearish. The company is getting funded by 1.7M preferential allotment to the promoter which can possibly go in to debt reduction. If the current low stays and price moves up to 24 and holds 20 then I see a possible turn around. A trade till the clouds is a possibility.
The plan of action is to watch this for the next couple of weeks and see how the price action pans out.