Positive/Negative breakouts from 22-10-09
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..
Tags: abhishek industries, goldstone technologies, HBL Power, Satyam computer, technical breakouts, unitech
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