Today we will analyze the stock SAVITA CHEMICALS LTD (SAVITACHE.NS) for internet stock trading in the NS stock market,
Stock Technical indicators to notice in SAVITA CHEMICALS LTD (SAVITACHE.NS)
1- Last bearish trend was from 240.22 $ (8/6/2009) to 226.76 $ (8/14/2009) a 13.46 $ move 2- The current bullish trend started from 226.76 $ at 8/14/2009 and is currently trading at 242.00 $.
3- SAVITACHE.NS current support level is at 240.22 which is the 100.00 % fibonacci retracement of the last 13.46 $ move.
4- SAVITACHE.NS current resistance level is at 243.88 which is the 127.20 % fibonacci retracement of the last 13.46 $ move.
5- According to ADX Indicator, the trend is currently strong bullish, which is getting stronger.
SAVITA CHEMICALS LTD (SAVITACHE.NS) Short term stock chart patterns for internet stock trading :

6- The Stock was supported by a support line, identified by two points: 226.760 and 222.940, and is currently supporting at 229.625.
SAVITA CHEMICALS LTD (SAVITACHE.NS) Mid term stock chart patterns for internet stock trading :

7- The Stock formed Double Top Pattern at 189.000 that failed, and formed a support .
8- The Stock was resisted by a resistance line, identified by two points: 189.000 and 189.530 that was broken up at 191.930 transforming into a supporting line.
SAVITA CHEMICALS LTD (SAVITACHE.NS) Long term stock chart patterns for internet stock trading :

9- The Stock was supported by a support line, identified by two points: 165.540 and 160.550, and is currently supporting at 169.750.

Stock Trading Conclusion:
SAVITA CHEMICALS LTD (SAVITACHE.NS) was trading in a strong bullish 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 : 243.88, 248.54.
Stock Support levels : 240.22, 238.40, 236.18, 235.08, 234.38, 233.49, 232.58, 231.90, 229.94, 229.62, 226.76, 187.99, 187.02,.