Stock Technical indicators to notice in Omaxe Limited (OMAXE.NS)
1- Last bullish trend was from 144.05 $ (2/7/2012) to 158.80 $ (2/16/2012) a 14.75 $ move 2- The current bearish trend started from 158.80 $ at 2/16/2012 and is currently trading at 148.00 $.
4- OMAXE.NS current resistance level is at 149.68 which is the 61.80 % fibonacci retracement of the last 14.75 $ move.
5- According to ADX Indicator, the trend is currently bearish,which is becoming weaker.
Omaxe Limited (OMAXE.NS) Short term stock chart patterns for internet stock trading :
6- The Stock was supported by a support line, identified by two points: 144.050 and 132.000 that was broken down at 153.000 transforming into a resistance line.
Omaxe Limited (OMAXE.NS) Mid term stock chart patterns for internet stock trading :
None.
Omaxe Limited (OMAXE.NS) Long term stock chart patterns for internet stock trading :
7- The Stock was resisted by a resistance line, identified by two points: 147.000 and 149.250 that was broken up at 143.600 transforming into a supporting line.
Stock Trading Conclusion:
Omaxe Limited (OMAXE.NS) was trading in a bearish wave, which is becoming weaker .
Technical indicators and stock chart patterns show no favorited direction,
recommend hold or waiting for entry .
Stock Resistance Levels : 149.68, 150.55, 151.43, 152.13, 153.17, 153.40, 154.67, 155.32, 158.80, 165.23.
Stock Support levels : 144.05, 140.04, 135.04,.
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