Stock Technical indicators to notice in TVS Motor Company Limited (TVSSRICHA.NS)
1- Last bullish trend was from 325.00 $ (4/9/2012) to 360.00 $ (4/30/2012) a 35.00 $ move 2- The current bearish trend started from 360.00 $ at 4/30/2012 and is currently trading at 335.00 $.
4- TVSSRICHA.NS current resistance level is at 338.37 which is the 61.80 % fibonacci retracement of the last 35.00 $ move.
5- According to ADX Indicator, the trend is currently strong bullish,which is becoming weaker.
TVS Motor Company Limited (TVSSRICHA.NS) Short term stock chart patterns for internet stock trading :
6- The Stock formed Double Bottom Pattern at 325.000 .
TVS Motor Company Limited (TVSSRICHA.NS) Mid term stock chart patterns for internet stock trading :
7- The Stock was supported by a support line, identified by two points: 297.000 and 275.000 that was broken down at 336.000 transforming into a resistance line.
TVS Motor Company Limited (TVSSRICHA.NS) Long term stock chart patterns for internet stock trading :
None.
Stock Trading Conclusion:
TVS Motor Company Limited (TVSSRICHA.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 : 338.37, 340.20, 340.90, 340.92, 342.50, 344.55, 346.08, 346.63, 347.50, 350.45, 351.74, 360.00,.
Stock Support levels : 325.00, 315.48,.
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