Today we will analyze the stock BATA INDIA LTD (BATAINDIA.NS) for internet stock trading in the NS stock market,
Stock Technical indicators to notice in BATA INDIA LTD (BATAINDIA.NS)
1- Last bullish trend was from 823.95 $ (4/23/2012) to 879.00 $ (4/30/2012) a 55.05 $ move 2- The current bearish trend started from 879.00 $ at 4/30/2012 and is currently trading at 844.10 $.
3- BATAINDIA.NS current support level is at 823.95 which is the 100.00 % fibonacci retracement of the last 55.05 $ move.
4- BATAINDIA.NS current resistance level is at 844.98 which is the 61.80 % fibonacci retracement of the last 55.05 $ move.
5- According to ADX Indicator, the trend is currently strong bearish,which is becoming weaker.
BATA INDIA LTD (BATAINDIA.NS) Short term stock chart patterns for internet stock trading :

6- The Stock was supported by a support line, identified by two points: 823.950 and 659.350 that was broken down at 844.100 transforming into a resistance line.
BATA INDIA LTD (BATAINDIA.NS) Mid term stock chart patterns for internet stock trading :

7- The Stock formed Double Bottom Pattern at 659.350 .
BATA INDIA LTD (BATAINDIA.NS) Long term stock chart patterns for internet stock trading :

8- The Stock formed Double Top Pattern at 731.900 that failed, and formed a support .

Stock Trading Conclusion:
BATA INDIA LTD (BATAINDIA.NS) was trading in a strong bearish 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 : 844.98, 851.47, 852.34, 857.43, 857.97, 861.55, 865.67, 866.01, 867.84, 879.00,.
Stock Support levels : 823.95, 808.98, 789.93, 737.21,.