Quotes with Resistance & Support
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Positive/Negative breakouts for 24-11-09
This article was posted on Nov 23, 2009 and is filed under Market News
Positive breakouts from last days trade:
Stocks above their 14dma, 25dma, 50dma, conversion (9days), base (26days).
Berger paints at 61.5 – Support at 58
Tata sponge iron at 271 – Support at 258
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: berger paints, tata sponge
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