Positive/Negative breakouts for 11-11-09

Quotes with Resistance & Support

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Positive/Negative breakouts for 11-11-09

This article was posted on Nov 11, 2009 and is filed under Market News

Positive breakouts from last days trade:

Stocks above their 14dma, 25dma, 50dma, conversion (9days), base (26days).
GVK power at 50.50 – Support at 48.50
Jai Crop at 240 – Support at 218
TTK prestige at 328 – Suppport at 312

Negative breakouts from last days trade:

Stocks below their 14dma, 25dma, 50dma, conversion (9days), base (26days).
Bombay Rayon fashions at 188.60 – Resistance at 205
Kaveri Seed at 219 – Resistance at 235

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: bombay rayon, brfl, GVK power, jai crop, kaveri seed, resistance, technical breakouts, technical support, ttk prestige

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

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