Postive/Negative breakouts from 16-10-09
Postive breakouts from last days trade:
Stocks above their 14dma, 25dma, 50dma, conversion (9days), base (26days).
Noida Toll @ 43.3 – Support at 40
Mukand Engineers @ 28.6 – Support at 26
Stocks below their 14dma, 25dma, 50dma, conversion (9days), base (26days).
Infotech Enterprises @ 236 – Resistance at 258
Postive breakouts are likely to do well if markets remain 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: breakouts, infotech enterprises, mukand engineers, nifty support, Noida toll, resistance
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