Positive/Negative breakouts for 19-11-09

Quotes with Resistance & Support

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Positive/Negative breakouts for 19-11-09

This article was posted on Nov 18, 2009 and is filed under Market News

Positive breakouts from last days trade:

Stocks above their 14dma, 25dma, 50dma, conversion (9days), base (26days).
Jaiprakash Associates at 237.50 – Support at 230
Essar Shipping Ports & Logistics at 70.75 – Support at 66

Negative breakout:

Stocks below their 14dma, 25dma, 50dma, conversion (9days), base (26days).
Satyam Computers at 103.20 – Resistance at 110

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: essar shipping, Jaiprakash Associates, resistance, Satyam computer, Support, Technical Analysis, Technical breakout

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

Breakouts

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