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Positive/Negative breakouts for 17-11-09

This article was posted on Nov 16, 2009 and is filed under Market News

Positive breakouts from last days trade:

Stocks above their 14dma, 25dma, 50dma, conversion (9days), base (26days).

Alps Industries at 12.07 – Support at 11.60
Ansal Buliders at 71 – Support at 66.50
BF Utlities at 1070 – Support at 980
Hitech Gears at 108.30 – Support at 99

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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