Quotes with Resistance & Support

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Positive/Negative breakouts for 18-11-09

This article was posted on Nov 18, 2009 and is filed under Market News

Positive breakouts from last days trade:

Stocks above their 14dma, 25dma, 50dma, conversion (9days), base (26days).
Ajmera Realty and Infra India at 259 – Support at 247
Precision pipes at 59.55 – Support at 57.60

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: Ajmera Realty, precision pipes, technical breakouts, technical indicators

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

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