Today we will analyze the stock RANBAXY LABS LTD (RANBAXY.NS) for internet stock trading in the NS stock market,
Stock Technical indicators to notice in RANBAXY LABS LTD (RANBAXY.NS)
1- Last bullish trend was from 409.00 $ (3/22/2012) to 526.50 $ (4/24/2012) a 117.50 $ move 2- The current bearish trend started from 526.50 $ at 4/24/2012 and is currently trading at 500.00 $.
3- RANBAXY.NS current support level is at 498.77 which is the 23.60 % fibonacci retracement of the last 117.50 $ move.
4- RANBAXY.NS current resistance level is at 526.50 which is the 0.00 % fibonacci retracement of the last 117.50 $ move.
5- According to ADX Indicator, the trend is currently strong bullish,which is becoming weaker.
RANBAXY LABS LTD (RANBAXY.NS) Short term stock chart patterns for internet stock trading :

6- The Stock was supported by a support line, identified by two points: 409.000 and 400.500, and is currently supporting at 488.333.
RANBAXY LABS LTD (RANBAXY.NS) Mid term stock chart patterns for internet stock trading :

7- The Stock was supported by a support line, identified by two points: 400.500 and 383.000, and is currently supporting at 409.111.
RANBAXY LABS LTD (RANBAXY.NS) Long term stock chart patterns for internet stock trading :

8- The Stock formed a 135.000 $ height triangle which was broken up at 463.550 in higher than usual volume, target of the pattern is 598.550.

Stock Trading Conclusion:
RANBAXY LABS LTD (RANBAXY.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 : 506.25, 510.12, 513.25, 516.38, 526.50, 598.55.
Stock Support levels : 498.77, 488.33, 481.61, 467.75, 453.89, 435.51, 409.11, 409.00, 377.04,.