Positive/Negative breakouts from 29-10-09
Positive breakouts from last days trade:
Stocks above their 14dma, 25dma, 50dma, conversion (9days), base (26days).
Nahar Spinning mills @ 57.35 – Support at 54
Sanghi industries @ 31.75 – Support at 29
Shree Cements @ 1577 – Support at 1530
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: nahar spinning, sanghi industries, shree cements, technical breakouts, technical levels
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