Quotes with Resistance & Support

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Postive/Negative breakouts from 20-10-09

This article was posted on Oct 20, 2009 and is filed under Market News

Postive breakouts from last days trade:

Stocks above their 14dma, 25dma, 50dma, conversion (9days), base (26days).
Rajshree Sugar @ 95.50 – Support at 91
Consolidated Construction Consortium Ltd @ 388 – Support at 365
IFB Industries @ 70.65 – Support at 66

No negative breakouts for today.

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..

Also read: Nifty hits fresh 52-wk high oat 5181

Tags: cccl, consolidated construction consortium, ifb, nifty resistance, nifty support, rajshree sugar, Technical breakout

Note: The Credit of this post goes to the original witters of this post and not to NSEGUIDE

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