Today we will analyze the stock NIRAJ CEMENT (NIRAJ.BO) for internet stock trading in the BO stock market,
Stock Technical indicators to notice in NIRAJ CEMENT (NIRAJ.BO)
1- Last bullish trend was from 4.80 $ (3/6/2014) to 5.18 $ (3/7/2014) a 0.38 $ move 2- The current bearish trend started from 5.18 $ at 3/7/2014 and is currently trading at 4.86 $.
3- NIRAJ.BO current support level is at 4.80 which is the 100.00 % fibonacci retracement of the last 0.38 $ move.
4- NIRAJ.BO current resistance level is at 4.95 which is the 61.80 % fibonacci retracement of the last 0.38 $ move.
5- According to ADX Indicator, the trend is currently bearish,which is becoming weaker.
6- Bearish Divergance in MACD Indicator .
NIRAJ CEMENT (NIRAJ.BO) Short term stock chart patterns for internet stock trading :

7- The Stock was supported by a support line, identified by two points: 4.800 and 4.620 that was broken down at 4.860 transforming into a resistance line.
NIRAJ CEMENT (NIRAJ.BO) Mid term stock chart patterns for internet stock trading :

None.
NIRAJ CEMENT (NIRAJ.BO) Long term stock chart patterns for internet stock trading :

8- The Stock was resisted by a resistance line, identified by two points: 5.390 and 5.500, and is currently resisting at 5.325.

Stock Trading Conclusion:
NIRAJ CEMENT (NIRAJ.BO) was trading in a 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 : 4.87, 4.94, 4.95, 4.98, 4.99, 5.02, 5.03, 5.06, 5.09, 5.18, 5.32.
Stock Support levels : 4.80, 4.70,.