Today we will analyze the stock RELIANCE CAPITAL LTD. (RELCAPITAL.BO) for internet stock trading in the BO stock market,
Stock Technical indicators to notice in RELIANCE CAPITAL LTD. (RELCAPITAL.BO)
1- Last bearish trend was from 252.25 $ (12/27/2011) to 232.65 $ (1/2/2012) a 19.60 $ move 2- The current bullish trend started from 232.65 $ at 1/2/2012 and is currently trading at 368.15 $.
3- According to ADX Indicator, the trend is currently strong 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.
RELIANCE CAPITAL LTD. (RELCAPITAL.BO) Short term stock chart patterns for internet stock trading :

4- The Stock formed Double Bottom Pattern at 232.650 .
5- The Stock formed a 77.050 $ height triangle which was broken up at 248.450 in higher than usual volume, target of the pattern is 325.500.
RELIANCE CAPITAL LTD. (RELCAPITAL.BO) Mid term stock chart patterns for internet stock trading :

6- The Stock formed Double Bottom Pattern at 232.650 .
7- The Stock formed a 77.050 $ height triangle which was broken up at 248.450 in higher than usual volume, target of the pattern is 325.500.
RELIANCE CAPITAL LTD. (RELCAPITAL.BO) Long term stock chart patterns for internet stock trading :

8- The Stock was resisted by a resistance line, identified by two points: 309.250 and 375.750 that was broken up at 248.450 transforming into a supporting line.

Stock Trading Conclusion:
RELIANCE CAPITAL LTD. (RELCAPITAL.BO) was trading in a strong bullish 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 : .
Stock Support levels : 336.17, 316.39, 300.40, 284.41, 233.70, 233.20, 232.70, 232.65, 172.75, 150.46,.