11045 Classical Consolidation breakout - 9 Star technical set up

Reason for long - Consolidation breakout
High risky penny stock: position sizing not more than 0.5% of total capital and has risk of complete erosion of invested fund in this stock. It is purely experimental investment and purely based on technical. The organization is non profit making, but volume increased in recent times.


1. Powered by vwap breakout.(Ye)
2. Strengthened by weekly breakout.(Yes)
3. Intensified by three month breakout.(Yes)- 11 month breakout
4. Energized by Positive previous Quarterly result.(standard earnings).
5.Punched by QQE breakout.(yes)
6.Facilitated by Volume burst.(Yes)(Pre breakout volume accumulation)
7. Armed by breakout non over-lapping candle.(Yes)
8.Catalyzed by breakout candle having Open=Low candles (OL candles) (Yes)
9.Patronized by Head and Shoulder Set up (Yes),

SL compulsory


Duration: 1 months

Pros
a) classical set up
b) Purely technical
c) volume accumulation

Cons
a) Non-profit making organization
b) Highly overvalued
c) Shadow sector - Spinning mill textiles