Today we will analyze the stock STEELCAST LT (STEELCAS.BO) for internet stock trading in the BO stock market,
Stock Technical indicators to notice in STEELCAST LT (STEELCAS.BO)
1- Last bearish trend was from 205.40 $ (4/17/2012) to 190.10 $ (4/25/2012) a 15.30 $ move 2- The current bullish trend started from 190.10 $ at 4/25/2012 and is currently trading at 200.15 $.
3- STEELCAS.BO current support level is at 199.56 which is the 61.80 % fibonacci retracement of the last 15.30 $ move.
4- STEELCAS.BO current resistance level is at 205.40 which is the 100.00 % fibonacci retracement of the last 15.30 $ move.
5- According to ADX Indicator, the trend is currently strong bullish,which is becoming weaker.
STEELCAST LT (STEELCAS.BO) Short term stock chart patterns for internet stock trading :

6- The Stock was supported by a support line, identified by two points: 190.100 and 170.100, and is currently supporting at 197.159.
STEELCAST LT (STEELCAS.BO) Mid term stock chart patterns for internet stock trading :

7- The Stock was supported by a support line, identified by two points: 190.100 and 149.000, and is currently supporting at 196.423.
STEELCAST LT (STEELCAS.BO) Long term stock chart patterns for internet stock trading :

8- The Stock was supported by a support line, identified by two points: 149.000 and 90.000 that was broken down at 202.500 transforming into a resistance line.

Stock Trading Conclusion:
STEELCAST LT (STEELCAS.BO) was trading in a strong bullish wave, which is becoming weaker .
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 : 205.40, 205.49, 209.56, 214.86.
Stock Support levels : 199.56, 197.78, 197.75, 197.16, 196.42, 196.31, 195.94, 195.13, 193.94, 193.71, 190.10,.