Stock Technical indicators to notice in Bang Overseas Limited (BANG.NS)
1- Last bearish trend was from 15.70 $ (4/18/2012) to 14.60 $ (4/27/2012) a 1.10 $ move 2- The current bullish trend started from 14.60 $ at 4/27/2012 and is currently trading at 16.00 $.
4- BANG.NS current resistance level is at 16.38 which is the 161.80 % fibonacci retracement of the last 1.10 $ move.
5- According to ADX Indicator, the trend is currently strong bullish,which is becoming weaker.
Bang Overseas Limited (BANG.NS) Short term stock chart patterns for internet stock trading :
6- The Stock was resisted by a resistance line, identified by two points: 15.700 and 15.800 that was broken up at 15.750 transforming into a supporting line.
Bang Overseas Limited (BANG.NS) Mid term stock chart patterns for internet stock trading :
7- The Stock formed a 3.600 $ height triangle which was broken up at 15.350 in higher than usual volume, target of the pattern is 18.950.
Bang Overseas Limited (BANG.NS) Long term stock chart patterns for internet stock trading :
8- The Stock was resisted by a resistance line, identified by two points: 17.800 and 19.900 that was broken up at 15.750 transforming into a supporting line.
Stock Trading Conclusion:
Bang Overseas Limited (BANG.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 : 16.38, 18.95.
Stock Support levels : 16.00, 15.70, 15.67, 15.48, 15.47, 15.30, 15.28, 15.26, 15.15, 15.13, 15.02, 14.86, 14.60,.
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