Today we will analyze the stock OIL COUNTRY TUBULAR LTD (OILCOUNTU.NS) for internet stock trading in the NS stock market,
Stock Technical indicators to notice in OIL COUNTRY TUBULAR LTD (OILCOUNTU.NS)
1- Last bullish trend was from 49.05 $ (3/27/2012) to 53.50 $ (4/19/2012) a 4.45 $ move 2- The current bearish trend started from 53.50 $ at 4/19/2012 and is currently trading at 50.10 $.
3- OILCOUNTU.NS current support level is at 49.05 which is the 100.00 % fibonacci retracement of the last 4.45 $ move.
4- OILCOUNTU.NS current resistance level is at 50.75 which is the 61.80 % fibonacci retracement of the last 4.45 $ move.
5- According to ADX Indicator, the trend is currently strong bullish, which is getting stronger.furthermore, the ADX indicator location between DMI+ and DMI- is hinting on a strong move ahead. the stock is very volatile at this point.
OIL COUNTRY TUBULAR LTD (OILCOUNTU.NS) Short term stock chart patterns for internet stock trading :

6- The Stock traded in a bearish stock channel identifed by support at 49.050 and 54.550,resistance between 53.500 and 60.350, the stock channel is currently supported from below by 45.432 and resisted from above by 51.829.
OIL COUNTRY TUBULAR LTD (OILCOUNTU.NS) Mid term stock chart patterns for internet stock trading :

7- The Stock was resisted by a resistance line, identified by two points: 53.500 and 60.350, and is currently resisting at 51.829.
OIL COUNTRY TUBULAR LTD (OILCOUNTU.NS) Long term stock chart patterns for internet stock trading :

8- The Stock formed Double Top Pattern at 60.350 .

Stock Trading Conclusion:
OIL COUNTRY TUBULAR LTD (OILCOUNTU.NS) was trading in a strong bullish wave, which is becoming stronger .
Technical indicators and stock chart patterns show highly volatile movements favoriting bearish direction,
recommend hedging long positions or entering short position or bearish spread options strategy in online trading , because of the high expected future volatility, consider constructing symmetrical options strategies for buying volatility through strangles or straddles in online trading. .

Stock Resistance Levels : 50.75, 50.90, 51.28, 51.40, 51.80, 51.80, 51.83, 52.20, 52.45, 53.50, 59.97.
Stock Support levels : 49.05, 47.84,.