Today we will analyze the stock RATHI BARS (RATHIBAR.BO) for internet stock trading in the BO stock market,
Stock Technical indicators to notice in RATHI BARS (RATHIBAR.BO)
1- Last bullish trend was from 5.40 $ (4/23/2012) to 5.66 $ (4/24/2012) a 0.26 $ move 2- The current bearish trend started from 5.66 $ at 4/24/2012 and is currently trading at 5.25 $.
3- RATHIBAR.BO current support level is at 5.24 which is the 161.80 % fibonacci retracement of the last 0.26 $ move.
4- RATHIBAR.BO current resistance level is at 5.33 which is the 127.20 % fibonacci retracement of the last 0.26 $ move.
5- According to ADX Indicator, the trend is currently bearish, 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.
RATHI BARS (RATHIBAR.BO) Short term stock chart patterns for internet stock trading :

6- The Stock formed Double Bottom Pattern at 5.400 that failed and formed a resistance.
7- The Stock was resisted by a resistance line, identified by two points: 5.660 and 5.720, and is currently resisting at 5.588.
RATHI BARS (RATHIBAR.BO) Mid term stock chart patterns for internet stock trading :

8- The Stock traded in a bearish stock channel identifed by support at 5.400 and 6.660,resistance between 5.780 and 7.170 which was broken up at 5.750 in higher than usual volume.
RATHI BARS (RATHIBAR.BO) Long term stock chart patterns for internet stock trading :

None.

Stock Trading Conclusion:
RATHI BARS (RATHIBAR.BO) was trading in a bearish wave, which is becoming stronger .
Technical indicators and stock chart patterns show highly volatile movements favoriting bullish direction,
recommend stopping short positions or entering long position or bullish spread options strategy in online trading , 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 : 5.33, 5.35, 5.39, 5.40, 5.41, 5.45, 5.50, 5.50, 5.53, 5.56, 5.59, 5.60, 5.66,.
Stock Support levels : 5.24,.