Positive/Negative breakouts from 30-10-09
Positive breakouts from last days trade:
Stocks above their 14dma, 25dma, 50dma, conversion (9days), base (26days).
Ashok Leyland at 45.7 – Support at 43
FDC at 57.2 – Support at 54
Gateway Distriparks at 123.15 – Support at 118
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: Ashok Leyland, fdc, Gateway Distriparks, Technical Analysis, technical breakouts
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