Stock Technical indicators to notice in ISPAT PR SH (ISPATPRSH.BO)
1- Last bullish trend was from 3.81 $ (4/11/2012) to 4.00 $ (4/17/2012) a 0.19 $ move 2- The current bearish trend started from 4.00 $ at 4/17/2012 and is currently trading at 3.68 $.
ISPAT PR SH (ISPATPRSH.BO) Short term stock chart patterns for internet stock trading :
4- The Stock was supported by a support line, identified by two points: 3.810 and 3.720 that was broken down at 3.810 transforming into a resistance line.
ISPAT PR SH (ISPATPRSH.BO) Mid term stock chart patterns for internet stock trading :
5- The Stock was resisted by a resistance line, identified by two points: 4.000 and 4.770, and is currently resisting at 3.803.
ISPAT PR SH (ISPATPRSH.BO) Long term stock chart patterns for internet stock trading :
None.
Stock Trading Conclusion:
ISPAT PR SH (ISPATPRSH.BO) was trading in a bullish wave, which is becoming stronger .
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 : 3.76, 3.80, 3.80, 3.84, 3.88, 4.00, 4.02.
Stock Support levels :.
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