Stock Technical indicators to notice in Banswara Syntex Limited (BARTRONIC.NS)
1- Last bullish trend was from 35.05 $ (4/17/2012) to 40.35 $ (4/23/2012) a 5.30 $ move 2- The current bearish trend started from 40.35 $ at 4/23/2012 and is currently trading at 33.80 $.
4- BARTRONIC.NS current resistance level is at 35.05 which is the 100.00 % fibonacci retracement of the last 5.30 $ move.
5- According to ADX Indicator, the trend is currently bearish,which is becoming weaker.
Banswara Syntex Limited (BARTRONIC.NS) Short term stock chart patterns for internet stock trading :
6- The Stock was supported by a support line, identified by two points: 35.050 and 33.950 that was broken down at 35.700 transforming into a resistance line.
Banswara Syntex Limited (BARTRONIC.NS) Mid term stock chart patterns for internet stock trading :
7- The Stock was supported by a support line, identified by two points: 35.050 and 33.950 that was broken down at 35.700 transforming into a resistance line.
Banswara Syntex Limited (BARTRONIC.NS) Long term stock chart patterns for internet stock trading :
8- The Stock formed a 22.750 $ height triangle which was broken down at 35.850, target of the pattern is 13.100.
Stock Trading Conclusion:
Banswara Syntex Limited (BARTRONIC.NS) was trading in a bearish wave, which is becoming weaker .
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 : 35.05, 35.35, 36.15, 36.30, 37.07, 37.07, 37.70, 37.79, 37.85, 38.33, 39.10, 40.35,.
Stock Support levels : 33.61, 31.77,.
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