Today we will analyze the stock RAIN COMM LTD (RAINCOM.NS) for internet stock trading in the NS stock market,
Stock Technical indicators to notice in RAIN COMM LTD (RAINCOM.NS)
1- Last bearish trend was from 38.00 $ (8/1/2011) to 32.15 $ (8/9/2011) a 5.85 $ move 2- The current bullish trend started from 32.15 $ at 8/9/2011 and is currently trading at 32.90 $.
3- RAINCOM.NS current support level is at 32.15 which is the 0.00 % fibonacci retracement of the last 5.85 $ move.
4- RAINCOM.NS current resistance level is at 33.53 which is the 23.60 % fibonacci retracement of the last 5.85 $ move.
5- According to ADX Indicator, the trend is currently strong bearish, which is getting stronger.
RAIN COMM LTD (RAINCOM.NS) Short term stock chart patterns for internet stock trading :

None.
RAIN COMM LTD (RAINCOM.NS) Mid term stock chart patterns for internet stock trading :

6- The Stock was resisted by a resistance line, identified by two points: 38.000 and 183.900 that was broken up at 37.150 transforming into a supporting line.
RAIN COMM LTD (RAINCOM.NS) Long term stock chart patterns for internet stock trading :

7- The Stock was resisted by a resistance line, identified by two points: 38.000 and 197.500 that was broken up at 37.150 transforming into a supporting line.

Stock Trading Conclusion:
RAIN COMM LTD (RAINCOM.NS) was trading in a strong bearish wave, which is becoming stronger .
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 : 33.53, 34.38, 35.08, 35.77, 38.00, 39.59, 41.62.
Stock Support levels : 32.72, 32.61, 32.53, 32.44, 32.15, 14.80,.