afin, early to say whether it works
with suzlon, if you observe, probably, we have got several new high above weekly(12), but it did not go up. so the key is volume. its a challenge to find out which volume is optimum so that the U turn is sustained. Also scanner to trigger a buy if there was a bulk buys and next day there wont be a volume.
if you find a penny stock (between 1-10 rupees) and if its actively traded, by scaling in we could always make it profitable (cost averaging). the idea is if you have somehow have 50:50 win ratio and if you could double the winner, you could have the looser to run forever at 0 cost.