Today we will analyze the stock Steel Strips Wheels Limited (SSWL.NS) for internet stock trading in the NS stock market,
Stock Technical indicators to notice in Steel Strips Wheels Limited (SSWL.NS)
1- Last bullish trend was from 198.55 $ (10/30/2012) to 207.75 $ (11/8/2012) a 9.20 $ move 2- The current bearish trend started from 207.75 $ at 11/8/2012 and is currently trading at 201.25 $.
3- SSWL.NS current support level is at 198.55 which is the 100.00 % fibonacci retracement of the last 9.20 $ move.
4- SSWL.NS current resistance level is at 202.06 which is the 61.80 % fibonacci retracement of the last 9.20 $ move.
5- According to ADX Indicator, the trend is currently bearish,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.
Steel Strips Wheels Limited (SSWL.NS) Short term stock chart patterns for internet stock trading :

6- The Stock was resisted by a resistance line, identified by two points: 207.750 and 230.750, and is currently resisting at 205.910.
Steel Strips Wheels Limited (SSWL.NS) Mid term stock chart patterns for internet stock trading :

7- The Stock was supported by a support line, identified by two points: 168.940 and 163.770 that was broken down at 200.950 transforming into a resistance line.
Steel Strips Wheels Limited (SSWL.NS) Long term stock chart patterns for internet stock trading :

8- The Stock was supported by a support line, identified by two points: 168.940 and 163.770 that was broken down at 200.950 transforming into a resistance line.

Stock Trading Conclusion:
Steel Strips Wheels Limited (SSWL.NS) was trading in a bearish wave, which is becoming weaker .
Technical indicators and stock chart patterns show highly volatile movements favoriting bearish direction,
recommend hedging long positions or entering short position or bearish 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 : 202.06, 202.78, 203.15, 203.73, 204.24, 204.50, 205.27, 205.58, 205.87, 205.91, 207.75, 231.15, 231.72.
Stock Support levels : 198.55, 196.05,.