Stock Technical indicators to notice in DHAN AGRI (DHANUKA.BO)
1- Last bearish trend was from 84.90 $ (4/4/2012) to 81.50 $ (4/13/2012) a 3.40 $ move 2- The current bullish trend started from 81.50 $ at 4/13/2012 and is currently trading at 87.00 $.
4- DHANUKA.BO current resistance level is at 87.00 which is the 161.80 % fibonacci retracement of the last 3.40 $ move.
5- According to ADX Indicator, the trend is currently strong bullish, which is getting stronger.
DHAN AGRI (DHANUKA.BO) Short term stock chart patterns for internet stock trading :
6- The Stock formed a 6.350 $ height triangle which was broken up at 84.550, target of the pattern is 90.900.
DHAN AGRI (DHANUKA.BO) Mid term stock chart patterns for internet stock trading :
7- The Stock was resisted by a resistance line, identified by two points: 90.500 and 108.300 that was broken up at 82.900 transforming into a supporting line.
DHAN AGRI (DHANUKA.BO) Long term stock chart patterns for internet stock trading :
8- The Stock formed a 43.650 $ height triangle which was broken down at 104.500, target of the pattern is 60.850.
Stock Trading Conclusion:
DHAN AGRI (DHANUKA.BO) was trading in a strong bullish wave, which is becoming stronger .
Technical indicators and stock chart patterns show bullish direction,
recommend stopping short positions or entering long position or bullish spread options strategy in online trading .
Stock Resistance Levels : 87.00, 90.90, 136.14.
Stock Support levels : 85.82, 85.70, 84.90, 84.90, 84.25, 83.61, 83.60, 83.60, 83.20, 82.80, 82.30, 81.50, 69.46,.
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