Stock Technical indicators to notice in GWALIOR CHEM (GWALCHEM.BO)
1- Last bearish trend was from 46.00 $ (4/24/2012) to 44.50 $ (4/27/2012) a 1.50 $ move 2- The current bullish trend started from 44.50 $ at 4/27/2012 and is currently trading at 44.90 $.
4- GWALCHEM.BO current resistance level is at 45.07 which is the 38.20 % fibonacci retracement of the last 1.50 $ move.
5- According to ADX Indicator, the trend is currently strong bearish,which is becoming weaker.
GWALIOR CHEM (GWALCHEM.BO) Short term stock chart patterns for internet stock trading :
6- The Stock was supported by a support line, identified by two points: 44.500 and 43.100 that was broken down at 44.900 transforming into a resistance line.
GWALIOR CHEM (GWALCHEM.BO) Mid term stock chart patterns for internet stock trading :
7- The Stock was supported by a support line, identified by two points: 42.100 and 37.250 that was broken down at 44.900 transforming into a resistance line.
GWALIOR CHEM (GWALCHEM.BO) Long term stock chart patterns for internet stock trading :
8- The Stock was supported by a support line, identified by two points: 37.250 and 29.000 that was broken down at 45.500 transforming into a resistance line.
Stock Trading Conclusion:
GWALIOR CHEM (GWALCHEM.BO) was trading in a strong bearish 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 : 45.07, 45.12, 45.25, 45.37, 45.43, 45.65, 46.00, 46.41, 46.93, 62.38.
Stock Support levels : 44.85, 44.81, 44.75, 44.70, 44.65, 44.50,.
Related Stocks
| GVK POWERINF |
