Today we will analyze the stock SUNIL HITECH (SUNILHITEC.BO) for internet stock trading in the BO stock market,
Stock Technical indicators to notice in SUNIL HITECH (SUNILHITEC.BO)
1- Last bullish trend was from 62.35 $ (3/29/2012) to 68.60 $ (4/4/2012) a 6.25 $ move 2- The current bearish trend started from 68.60 $ at 4/4/2012 and is currently trading at 58.80 $.
3- SUNILHITEC.BO current support level is at 58.49 which is the 161.80 % fibonacci retracement of the last 6.25 $ move.
4- SUNILHITEC.BO current resistance level is at 60.65 which is the 127.20 % fibonacci retracement of the last 6.25 $ move.
5- According to ADX Indicator, the trend is currently bearish, which is getting stronger.
SUNIL HITECH (SUNILHITEC.BO) Short term stock chart patterns for internet stock trading :

6- The Stock was resisted by a resistance line, identified by two points: 68.600 and 69.900, and is currently resisting at 66.130.
SUNIL HITECH (SUNILHITEC.BO) Mid term stock chart patterns for internet stock trading :

7- The Stock traded in a bearish stock channel identifed by support at 62.350 and 73.800,resistance between 68.600 and 81.500, the stock channel is currently supported from below by 53.572 and resisted from above by 60.430.
SUNIL HITECH (SUNILHITEC.BO) Long term stock chart patterns for internet stock trading :

8- The Stock formed a 24.450 $ height triangle which was broken down at 62.750 in higher than usual volume, target of the pattern is 38.300.

Stock Trading Conclusion:
SUNIL HITECH (SUNILHITEC.BO) was trading in a bearish 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 : 60.65, 61.11, 62.35, 62.54, 63.70, 64.35, 64.74, 64.86, 65.47, 66.13, 66.21, 67.13, 68.60,.
Stock Support levels : 58.49,.