Quotes with Resistance & Support

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Positive/Negative breakouts for 10-11-09

This article was posted on Nov 10, 2009 and is filed under Market News

Positive breakouts from last days trade:

Stocks above their 14dma, 25dma, 50dma, conversion (9days), base (26days).
Dena bank at 69 – Support at 67.50
Visesh infotecnics at 9.35 – Support at 9.00

No negative breakouts for today.

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: dena bank, resistacne, technical breakouts, Technical calls, technical support, visesh infotecnics

Note: The Credit of this post goes to the original witters of this post and not to NSEGUIDE

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