Today we will analyze the stock ASHOK LEYLAND LTD (ASHOKLEY.NS) for internet stock trading in the NS stock market,
Stock Technical indicators to notice in ASHOK LEYLAND LTD (ASHOKLEY.NS)
1- Last bearish trend was from 24.20 $ (1/5/2012) to 23.30 $ (1/6/2012) a 0.90 $ move 2- The current bullish trend started from 23.30 $ at 1/6/2012 and is currently trading at 27.35 $.
3- According to ADX Indicator, the trend is currently strong bullish,which is becoming weaker.
ASHOK LEYLAND LTD (ASHOKLEY.NS) Short term stock chart patterns for internet stock trading :

4- The Stock was supported by a support line, identified by two points: 23.300 and 22.550, and is currently supporting at 25.737.
ASHOK LEYLAND LTD (ASHOKLEY.NS) Mid term stock chart patterns for internet stock trading :

5- The Stock was resisted by a resistance line, identified by two points: 26.850 and 28.300 that was broken up at 25.000 transforming into a supporting line.
ASHOK LEYLAND LTD (ASHOKLEY.NS) Long term stock chart patterns for internet stock trading :

6- The Stock was resisted by a resistance line, identified by two points: 26.850 and 28.300 that was broken up at 25.000 transforming into a supporting line.

Stock Trading Conclusion:
ASHOK LEYLAND LTD (ASHOKLEY.NS) was trading in a strong bullish wave, which is becoming weaker .
Technical indicators and stock chart patterns show bullish direction,
recommend stopping short positions or entering long position or bullish spread options strategy in online trading .

Stock Resistance Levels : .
Stock Support levels : 26.39, 25.80, 25.74, 25.33, 24.85, 24.03,.