Postive/Negative breakouts from 09-10-09
Postive breakouts from last days trade:
Stocks above their 14dma, 25dma, 50dma, conversion (9days), base (26days).
DCB bank @ 41.5 – Support at 40.50
GIC housing @ 96.20 – Support at 92.5
EIH @ 137 – Support at 129
Selan Exploration @ 325 – Support at 304
Zylog systems @ 353 – Support at 340
Negative breakouts from last days trade:
Stocks below their 14dma, 25dma, 50dma, conversion (9days), base (26days).
Mastek @ 276 – Resistance at 288
GVK power @ 44.05 – Resistance at 46
I shall be posting this list regularly. Postive breakouts are likely to do well if markets remain positive. On ther 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: dcb bank, eih, gic housing, GVK power, mastek, negative breakout, positive breakout, selan exploration, technical indications, zylog
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