Today we will analyze the stock CENTURYPLY (BSE INDONEXT) (CENTPLY.BO) for internet stock trading in the BO stock market,
Stock Technical indicators to notice in CENTURYPLY (BSE INDONEXT) (CENTPLY.BO)
1- Last bullish trend was from 60.00 $ (4/10/2012) to 62.25 $ (4/26/2012) a 2.25 $ move 2- The current bearish trend started from 62.25 $ at 4/26/2012 and is currently trading at 59.00 $.
3- CENTPLY.BO current support level is at 58.61 which is the 161.80 % fibonacci retracement of the last 2.25 $ move.
4- CENTPLY.BO current resistance level is at 59.39 which is the 127.20 % fibonacci retracement of the last 2.25 $ move.
5- According to ADX Indicator, the trend is currently strong bullish,which is becoming weaker.
CENTURYPLY (BSE INDONEXT) (CENTPLY.BO) Short term stock chart patterns for internet stock trading :

6- The Stock formed a 6.600 $ height triangle which was broken down at 60.350, target of the pattern is 53.750.
CENTURYPLY (BSE INDONEXT) (CENTPLY.BO) Mid term stock chart patterns for internet stock trading :

7- The Stock was supported by a support line, identified by two points: 56.000 and 55.050, and is currently supporting at 57.722.
CENTURYPLY (BSE INDONEXT) (CENTPLY.BO) Long term stock chart patterns for internet stock trading :

8- The Stock formed a 27.450 $ height triangle which was broken up at 55.250, target of the pattern is 82.700 which was broken down at 55.050, target of the pattern is 27.600.

Stock Trading Conclusion:
CENTURYPLY (BSE INDONEXT) (CENTPLY.BO) was trading in a strong bullish wave, which is becoming weaker .
Technical indicators and stock chart patterns show bearish direction,
recommend hedging long positions or entering short position or bearish spread options strategy in online trading .

Stock Resistance Levels : 59.39, 59.77, 60.00, 60.24, 60.63, 60.86, 61.01, 61.13, 61.39, 61.72, 62.25, 65.67, 76.54, 82.70.
Stock Support levels : 58.61, 57.72, 55.68, 53.75, 45.11,.