Quotes with Resistance & Support
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Positive/Negative breakouts for 06-11-09
This article was posted on Nov 6, 2009 and is filed under Market News
Positive breakouts from last days trade:
Stocks above their 14dma, 25dma, 50dma, conversion (9days), base (26days).
Firstsource solutions at 35.75 – Support at 34
Apollo tyres at 52.30 – Support at 50.50
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: Apollo Tyres, firstsource solutions, technical breakouts
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