Look at the Wiliams%R it is as the same level when it bottomed in Sept. that tells me something, also the Indian Govt is not that corrupt as people think and Nokia is not that dumb to be stuck with a tax bill of 2 billion dollars or so. I am sure that they will work something out. Today's move to me looks like panic selling and getting close to a bottom.
During 8 months of 2012, a "double bottom" was formed. The support line of this pattern is in this region, even as low as €2,805. (low today: €2.85). If this bounces of this supportline, it's extremely bullish
Since this is a heavily manipulated stock, it plays these trends nicely