Positive/Negative breakouts from 21-10-09
Positive breakouts from last days trade:
Stocks above their 14dma, 25dma, 50dma, conversion (9days), base (26days).
Gujarat NRE coke @ 68.15 – Support at 65.50
NIIT Limited @ 73.4 – Support at 71
Abhishiek corporation @ 22.2 – Support at 20.70
Firstsource Solutions @ 35.80 – Support at 34.80
Stocks below their 14dma, 25dma, 50dma, conversion (9days), base (26days).
Sasken Communications @ 147.15 – Resistance at 155
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: abhishiekh ind, firstsource, Gujarat nre, niit, positive breakouts, sasken comm, technical breakouts
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