Quotes with Resistance & Support
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Positive/Negative breakouts from 28-10-09

This article was posted on Oct 29, 2009 and is filed under Market News

Positive breakouts from last days trade:

Stocks above their 14dma, 25dma, 50dma, conversion (9days), base (26days).
Excel infoways at 74.1 – Support at 67
KRBL at 139.25 – support at 135

Stocks below their 14dma, 25dma, 50dma, conversion (9days), base (26days)
ICICI bank at 809 – Resistance at 845

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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+ve 30 DMA    50 DMA    150 DMA    200 DMA
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