Today we will analyze the stock RAJESH EXPOT (RAJESHX.BO) for internet stock trading in the BO stock market,
Stock Technical indicators to notice in RAJESH EXPOT (RAJESHX.BO)
1- Last bullish trend was from 133.40 $ (4/24/2012) to 147.00 $ (5/2/2012) a 13.60 $ move 2- The current bearish trend started from 147.00 $ at 5/2/2012 and is currently trading at 140.00 $.
3- RAJESHX.BO current support level is at 138.60 which is the 61.80 % fibonacci retracement of the last 13.60 $ move.
4- RAJESHX.BO current resistance level is at 140.20 which is the 50.00 % fibonacci retracement of the last 13.60 $ move.
5- According to ADX Indicator, the trend is currently bullish, which is getting stronger.furthermore, the ADX indicator location between DMI+ and DMI- is hinting on a strong move ahead. the stock is very volatile at this point.
RAJESH EXPOT (RAJESHX.BO) Short term stock chart patterns for internet stock trading :

6- The Stock traded in a bullish stock channel identifed by support at 133.400 and 128.250,resistance between 147.000 and 143.050, the stock channel is currently supported from below by 137.406 and resisted from above by 147.988.
RAJESH EXPOT (RAJESHX.BO) Mid term stock chart patterns for internet stock trading :

7- The Stock was supported by a support line, identified by two points: 133.400 and 114.250 that was broken down at 140.000 transforming into a resistance line.
RAJESH EXPOT (RAJESHX.BO) Long term stock chart patterns for internet stock trading :

8- The Stock was resisted by a resistance line, identified by two points: 140.350 and 141.650 that was broken up at 140.900 transforming into a supporting line.

Stock Trading Conclusion:
RAJESH EXPOT (RAJESHX.BO) was trading in a bullish wave, which is becoming stronger .
Technical indicators and stock chart patterns show highly volatile movements favoriting no favorited direction,
recommend hold or waiting for entry , because of the high expected future volatility, consider constructing symmetrical options strategies for buying volatility through strangles or straddles in online trading. .

Stock Resistance Levels : 140.10, 140.20, 141.65, 141.80, 142.67, 143.50, 143.79, 144.33, 147.00,.
Stock Support levels : 138.60, 136.23, 133.40, 129.70,.