Today we will analyze the stock SITA SHREE (SITASHREE.BO) for internet stock trading in the BO stock market,
Stock Technical indicators to notice in SITA SHREE (SITASHREE.BO)
1- Last bullish trend was from 5.66 $ (4/27/2012) to 5.83 $ (5/2/2012) a 0.17 $ move 2- The current bearish trend started from 5.83 $ at 5/2/2012 and is currently trading at 5.42 $.
3- According to ADX Indicator, the trend is currently bullish, which is getting stronger.
SITA SHREE (SITASHREE.BO) Short term stock chart patterns for internet stock trading :

4- The Stock formed Double Bottom Pattern at 5.660 that failed and formed a resistance.
5- The Stock was resisted by a resistance line, identified by two points: 5.830 and 5.940, and is currently resisting at 5.793.
SITA SHREE (SITASHREE.BO) Mid term stock chart patterns for internet stock trading :

6- The Stock formed Double Top Pattern at 6.100 .
SITA SHREE (SITASHREE.BO) Long term stock chart patterns for internet stock trading :

7- The Stock was resisted by a resistance line, identified by two points: 6.100 and 6.500, and is currently resisting at 5.978.

Stock Trading Conclusion:
SITA SHREE (SITASHREE.BO) was trading in a bullish wave, which is becoming stronger .
Technical indicators and stock chart patterns show bearish direction,
recommend hedging long positions or entering short position or bearish spread options strategy in online trading .

Stock Resistance Levels : 5.52, 5.58, 5.63, 5.66, 5.67, 5.79, 5.83, 5.98, 6.10.
Stock Support levels :.