Today we will analyze the stock NATIONAL STEEL and AGRO IND (NATNLSTEE.NS) for internet stock trading in the NS stock market,
Stock Technical indicators to notice in NATIONAL STEEL and AGRO IND (NATNLSTEE.NS)
1- Last bullish trend was from 14.60 $ (4/3/2012) to 16.95 $ (4/19/2012) a 2.35 $ move 2- The current bearish trend started from 16.95 $ at 4/19/2012 and is currently trading at 14.05 $.
3- NATNLSTEE.NS current support level is at 13.96 which is the 127.20 % fibonacci retracement of the last 2.35 $ move.
4- NATNLSTEE.NS current resistance level is at 14.60 which is the 100.00 % fibonacci retracement of the last 2.35 $ move.
5- According to ADX Indicator, the trend is currently bearish,which is becoming weaker.
NATIONAL STEEL and AGRO IND (NATNLSTEE.NS) Short term stock chart patterns for internet stock trading :

6- The Stock was supported by a support line, identified by two points: 14.600 and 14.400 that was broken down at 15.550 transforming into a resistance line.
NATIONAL STEEL and AGRO IND (NATNLSTEE.NS) Mid term stock chart patterns for internet stock trading :

None.
NATIONAL STEEL and AGRO IND (NATNLSTEE.NS) Long term stock chart patterns for internet stock trading :

7- The Stock was resisted by a resistance line, identified by two points: 16.950 and 17.200, and is currently resisting at 16.886.

Stock Trading Conclusion:
NATIONAL STEEL and AGRO IND (NATNLSTEE.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 : 14.60, 14.73, 15.16, 15.50, 15.50, 15.78, 15.84, 16.05, 16.40, 16.60, 16.89, 16.95,.
Stock Support levels : 13.96,.