Quotes with Resistance & Support
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Positive/Negative breakouts from 22-10-09

This article was posted on Oct 22, 2009 and is filed under Market News

Positive breakouts from last days trade:

Stocks above their 14dma, 25dma, 50dma, conversion (9days), base (26days).
Abhishek Industries @ 15.7 - Support at 14.80
Goldstone Technologies @ 31.6 - Support at 29
HBL Power @ 339 - Support at 322

Stocks below their 14dma, 25dma, 50dma, conversion (9days), base (26days)
Satyam Computer @ 112.25 - Resistance at 116
Unitech @ 100.20 - Resistance at 106

Positive breakouts are likely to do well if markets remain flat/positive. On the other hand, list of negative breakouts are likely to see some more downside if markets remain flat/weak. If anyone intends to trade in these, buy positive breakouts with strict stoploss at support levels. For negative breakouts sell on any rise with stoploss at their resistance levels.

If anyone already is holding any of these stocks, please trade accordingly..

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