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...
Weekly breakout 10.45 is a crucial hurdle for more upmove.. likely to cross Trading levels marked
SOMATEX CMP - 5 Stop - 2.5 on DCB Expectation - T1 - 24 T2 - 60 , Review at 24 Expected Holding Period - 200 trading days or earlier for T1 Ideas being shared only for educational purpose
In monthly, round bottom pattern formed and breakout happened with high volume sl - 8.5, pattern tgt - 28, long term tgt - 47, 58.
Forming a Rounding Bottom, On weekly Charts. Weekly close above 15 with Volumes can take this stock to 26