Today we will analyze the stock RELIGARE ENT (RELIGARE.BO) for internet stock trading in the BO stock market,
Stock Technical indicators to notice in RELIGARE ENT (RELIGARE.BO)
1- Last bullish trend was from 365.65 $ (4/9/2012) to 389.95 $ (4/10/2012) a 24.30 $ move 2- The current bearish trend started from 389.95 $ at 4/10/2012 and is currently trading at 356.00 $.
3- RELIGARE.BO current support level is at 350.63 which is the 161.80 % fibonacci retracement of the last 24.30 $ move.
4- RELIGARE.BO current resistance level is at 359.04 which is the 127.20 % fibonacci retracement of the last 24.30 $ move.
5- According to ADX Indicator, the trend is currently bullish, which is getting stronger.
6- Bullish Divergance in MACD Indicator .
RELIGARE ENT (RELIGARE.BO) Short term stock chart patterns for internet stock trading :

7- The Stock was resisted by a resistance line, identified by two points: 389.950 and 425.000, and is currently resisting at 374.270.
RELIGARE ENT (RELIGARE.BO) Mid term stock chart patterns for internet stock trading :

8- The Stock was resisted by a resistance line, identified by two points: 389.950 and 425.000, and is currently resisting at 374.270.
RELIGARE ENT (RELIGARE.BO) Long term stock chart patterns for internet stock trading :

9- The Stock traded in a bearish stock channel identifed by support at 385.000 and 408.000,resistance between 425.000 and 447.000 which was broken down at 365.300.

Stock Trading Conclusion:
RELIGARE ENT (RELIGARE.BO) was trading in a bullish wave, which is becoming stronger .
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 : 359.04, 364.01, 365.65, 367.17, 368.97, 372.98, 374.27, 374.93, 376.98, 377.80, 380.67, 384.22, 389.95,.
Stock Support levels : 350.63.