Wavozen

10192 High risky penny stock

Long
NSE:SOMATEX   SOMA TEXTILE & IND
Reason for long
a) Triangle breakout possible
b) Volume and price burst possibility
c) High risk penny stock, position sizing is 0.01% of your total portfolio only, as it may even go to zero.
d) This is an loss making organization from past 5 years, but face value is 1,
e) Promotor % is <2% and is high risk, if possible keep SL as indicated in chart.
f) QQE breakout. Technical analysis is applicable only, if fundamentals are good, but risk management in terms of SL is usually applicable for technical and fundamental analyzed stocks. Hence request to keep strict SL in this stock.

Fundas are comprised and SL and position sizing is compulsory

Disclaimer

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.