Quotes with Resistance & Support
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Positive/Negative breakouts from 26-10-09

This article was posted on Oct 27, 2009 and is filed under Market News

Positive breakouts from last days trade:

Stocks above their 14dma, 25dma, 50dma, conversion (9days), base (26days).
Agro tech foods at 250 – Support at 235
HOV Services at 73.9 – Support at 69

Stocks below their 14dma, 25dma, 50dma, conversion (9days), base (26days)
Aban offshore at 1381 – Resistance at 1450
Foursoft limited at 22.45 – Resistance at 23.50

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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Breakouts

+ve 30 DMA    50 DMA    150 DMA    200 DMA
-ve 30 DMA    50 DMA    150 DMA    200 DMA

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