Today we will analyze the stock RANBAXY LABORATORIES LTD. (RANBAXY.BO) for internet stock trading in the BO stock market,
Stock Technical indicators to notice in RANBAXY LABORATORIES LTD. (RANBAXY.BO)
1- Last bullish trend was from 401.75 $ (3/19/2012) to 524.45 $ (4/24/2012) a 122.70 $ move 2- The current bearish trend started from 524.45 $ at 4/24/2012 and is currently trading at 499.80 $.
3- RANBAXY.BO current support level is at 495.49 which is the 23.60 % fibonacci retracement of the last 122.70 $ move.
4- RANBAXY.BO current resistance level is at 524.45 which is the 0.00 % fibonacci retracement of the last 122.70 $ move.
5- According to ADX Indicator, the trend is currently strong bullish,which is becoming weaker.
RANBAXY LABORATORIES LTD. (RANBAXY.BO) Short term stock chart patterns for internet stock trading :

None.
RANBAXY LABORATORIES LTD. (RANBAXY.BO) Mid term stock chart patterns for internet stock trading :

6- The Stock formed a 139.250 $ height triangle which was broken up at 469.000 in higher than usual volume, target of the pattern is 608.250.
RANBAXY LABORATORIES LTD. (RANBAXY.BO) Long term stock chart patterns for internet stock trading :

7- The Stock formed a 139.250 $ height triangle which was broken up at 469.000 in higher than usual volume, target of the pattern is 608.250.

Stock Trading Conclusion:
RANBAXY LABORATORIES LTD. (RANBAXY.BO) was trading in a strong bullish wave, which is becoming weaker .
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 : 505.62, 509.22, 512.13, 515.03, 524.45, 608.25,.
Stock Support levels : 495.49, 477.58, 463.10, 448.62, 435.69, 401.75, 368.38,.