Today we will analyze the stock IFIL (IFL.MI) for internet stock trading in the MI stock market,
Stock Technical indicators to notice in IFIL (IFL.MI)
1- Last bullish trend was from 1.82 $ (2/2/2009) to 2.12 $ (2/9/2009) a 0.30 $ move 2- The current bearish trend started from 2.12 $ at 2/9/2009 and is currently trading at 1.50 $.
3- According to ADX Indicator, the trend is currently bearish, 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.
IFIL (IFL.MI) Short term stock chart patterns for internet stock trading :

4- The Stock was supported by a support line, identified by two points: 1.820 and 1.710 that was broken down at 2.000 transforming into a resistance line.
IFIL (IFL.MI) Mid term stock chart patterns for internet stock trading :

5- The Stock was supported by a support line, identified by two points: 1.820 and 1.710 that was broken down at 2.000 transforming into a resistance line.
IFIL (IFL.MI) Long term stock chart patterns for internet stock trading :

6- The Stock was resisted by a resistance line, identified by two points: 2.120 and 2.190, and is currently resisting at 2.067.

Stock Trading Conclusion:
IFIL (IFL.MI) was trading in a bearish 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 : 1.65, 1.74, 1.81, 1.88, 2.07, 2.12, 2.21,.
Stock Support levels :.