Quotes with Resistance & Support
Market Information

Positive/Negative breakouts for 16-11-09

This article was posted on Nov 15, 2009 and is filed under Market News

Positive breakouts from last days trade:

Stocks above their 14dma, 25dma, 50dma, conversion (9days), base (26days).
Sail at 182.30 – Support at 176
Shyam telecom at 70.25 – Support at 64
UB Engineering at 90.7 – Support at 86

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..

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