Postive/Negative breakouts from 12-10-09
Postive breakouts from last days trade:
Stocks above their 14dma, 25dma, 50dma, conversion (9days), base (26days).
Dish TV @ 46.25 – Support at 45
DLF @ 424.25 – Support at 420
AMD Industries @ 29 – Support at 27
Blue Bird India @ 34.7 – Support at 32.70
M&M Financial @ 248 – Support at 234
Nilkamal @ 152.65 – Support at 142
SREI Infra @80.8 – Support at 77
Stocks below their 14dma, 25dma, 50dma, conversion (9days), base (26days).
Alok @21.2 – Resistance at 22
Postive breakouts are likely to do well if markets remain positive. On ther 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: Alok industries, amd industries, blue bird, dishtv, DLF, m&m financial, nilkamal, resistance, srei infra, stock technicals, Support
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