Positive/Negative breakouts for 09-11-09
Positive breakouts from last days trade:
Stocks above their 14dma, 25dma, 50dma, conversion (9days), base (26days).
Hindustan Construction at 134.10 – Support at 130
NHPC at 32.60 – Support at 31
Sesa Goa at 312.65 – Support at 303
Dredging Crop of India at 509 – Support at 495
GHCL Ltd at 43.1 – Support at 42.20
ISMT at 53.70 – Support at 50
Jindal southwest holding at 1682 – Support at 1620
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: bse, dredging crop, GHCL, hindustan construction, ismt, jindal southwest, NHPC, nse, resistance, sesa goa, technical breakouts, technical support
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