Today we will analyze the stock BHARAT RASAYAN LTD (BHARATRAS.NS) for internet stock trading in the NS stock market,
Stock Technical indicators to notice in BHARAT RASAYAN LTD (BHARATRAS.NS)
1- Last bullish trend was from 133.00 $ (4/25/2012) to 146.05 $ (4/26/2012) a 13.05 $ move 2- The current bearish trend started from 146.05 $ at 4/26/2012 and is currently trading at 131.00 $.
3- BHARATRAS.NS current support level is at 129.45 which is the 127.20 % fibonacci retracement of the last 13.05 $ move.
4- BHARATRAS.NS current resistance level is at 133.00 which is the 100.00 % fibonacci retracement of the last 13.05 $ move.
5- According to ADX Indicator, the trend is currently strong bullish,which is becoming weaker.
BHARAT RASAYAN LTD (BHARATRAS.NS) Short term stock chart patterns for internet stock trading :

6- The Stock traded in a bullish stock channel identifed by support at 133.000 and 127.000,resistance between 146.050 and 140.000 which was broken down at 136.100.
BHARAT RASAYAN LTD (BHARATRAS.NS) Mid term stock chart patterns for internet stock trading :

7- The Stock formed Double Bottom Pattern at 127.000 .
BHARAT RASAYAN LTD (BHARATRAS.NS) Long term stock chart patterns for internet stock trading :

8- The Stock formed Double Bottom Pattern at 118.500 .

Stock Trading Conclusion:
BHARAT RASAYAN LTD (BHARATRAS.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 : 133.00, 134.55, 136.75, 137.99, 138.52, 139.52, 140.30, 141.06, 142.97, 146.05, 151.00.
Stock Support levels : 129.45, 126.80, 124.94,.