Today we will analyze the stock RAYMOND LTD (RAYMOND.NS) for internet stock trading in the NS stock market,
Stock Technical indicators to notice in RAYMOND LTD (RAYMOND.NS)
1- Last bullish trend was from 394.55 $ (4/25/2012) to 419.25 $ (5/3/2012) a 24.70 $ move 2- The current bearish trend started from 419.25 $ at 5/3/2012 and is currently trading at 402.55 $.
3- RAYMOND.NS current support level is at 394.55 which is the 100.00 % fibonacci retracement of the last 24.70 $ move.
4- RAYMOND.NS current resistance level is at 403.99 which is the 61.80 % fibonacci retracement of the last 24.70 $ move.
5- According to ADX Indicator, the trend is currently bullish,which is becoming weaker.furthermore, the ADX indicator location between DMI+ and DMI- is hinting on a strong move ahead. the stock is very volatile at this point.
RAYMOND LTD (RAYMOND.NS) Short term stock chart patterns for internet stock trading :

6- The Stock was resisted by a resistance line, identified by two points: 419.250 and 425.500, and is currently resisting at 418.556.
RAYMOND LTD (RAYMOND.NS) Mid term stock chart patterns for internet stock trading :

7- The Stock traded in a bearish stock channel identifed by support at 394.550 and 397.950,resistance between 425.500 and 430.000, the stock channel is currently supported from below by 392.000 and resisted from above by 421.409.
RAYMOND LTD (RAYMOND.NS) Long term stock chart patterns for internet stock trading :

8- The Stock formed a 105.000 $ height triangle which was broken up at 388.050 in higher than usual volume, target of the pattern is 493.050.

Stock Trading Conclusion:
RAYMOND LTD (RAYMOND.NS) was trading in a bullish wave, which is becoming weaker .
Technical indicators and stock chart patterns show highly volatile movements favoriting bullish direction,
recommend stopping short positions or entering long position or bullish 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 : 403.99, 406.49, 406.90, 408.93, 409.81, 410.90, 412.87, 413.42, 418.56, 419.25, 493.05.
Stock Support levels : 394.55, 387.83, 379.29,.