Today we will analyze the index BSE 30 India (BSESN) for internet stock trading in the INDICES stock market,
Stock Technical indicators to notice in BSE 30 India (BSESN)
1- Last bearish trend was from 21,373.66 $ (1/23/2014) to 20,193.35 $ (2/13/2014) a 1,180.31 $ move 2- The current bullish trend started from 20,193.35 $ at 2/13/2014 and is currently trading at 21,934.83 $.
3- BSESN current support level is at 21,694.71 which is the 127.20 % fibonacci retracement of the last 1,180.31 $ move.
4- BSESN current resistance level is at 22,103.09 which is the 161.80 % fibonacci retracement of the last 1,180.31 $ move.
5- According to ADX Indicator, the trend is currently 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.
BSE 30 India (BSESN) Short term stock chart patterns for internet stock trading :

6- The Index formed Double Top Pattern at 21,373.660 that failed, and formed a support .
BSE 30 India (BSESN) Mid term stock chart patterns for internet stock trading :

7- The Index was supported by a support line, identified by two points: 19,379.770 and 17,905.910 that was broken down at 20,666.150 transforming into a resistance line.
BSE 30 India (BSESN) Long term stock chart patterns for internet stock trading :

None.

Stock Trading Conclusion:
BSE 30 India (BSESN) was trading in a bullish wave, which is becoming stronger .
Technical indicators and stock chart patterns show highly volatile movements favoriting bearish direction,
recommend hedging long positions or entering short position or bearish 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 : 22,103.09, 25,329.79.
Stock Support levels : 21,694.71, 21,523.84, 21,419.42, 21,373.66, 21,269.58, 21,064.09, 20,922.78, 20,858.60, 20,783.50, 20,644.23, 20,471.90, 20,193.35,.