Today we will analyze the stock VIDEOCON APPLIANCES LTD (VDOCONAPP.NS) for internet stock trading in the NS stock market,
Stock Technical indicators to notice in VIDEOCON APPLIANCES LTD (VDOCONAPP.NS)
1- Last bullish trend was from 24.70 $ (5/14/2008) to 36.15 $ (5/21/2008) a 11.45 $ move 2- The current bearish trend started from 36.15 $ at 5/21/2008 and is currently trading at 33.00 $.
3- VDOCONAPP.NS current support level is at 31.78 which is the 38.20 % fibonacci retracement of the last 11.45 $ move.
4- VDOCONAPP.NS current resistance level is at 33.45 which is the 23.60 % fibonacci retracement of the last 11.45 $ move.
5- According to ADX Indicator, the trend is currently bullish, which is getting stronger.furthermore, the ADX indicator location between DMI+ and DMI- is hinting on a strong move ahead. the stock is very volatile at this point.
VIDEOCON APPLIANCES LTD (VDOCONAPP.NS) Short term stock chart patterns for internet stock trading :

6- The Stock was supported by a support line, identified by two points: 24.700 and 23.650, and is currently supporting at 24.919.
VIDEOCON APPLIANCES LTD (VDOCONAPP.NS) Mid term stock chart patterns for internet stock trading :

7- The Stock was supported by a support line, identified by two points: 24.700 and 23.650, and is currently supporting at 24.919.
VIDEOCON APPLIANCES LTD (VDOCONAPP.NS) Long term stock chart patterns for internet stock trading :

8- The Stock formed a 8.150 $ height triangle which was broken up at 30.100 in higher than usual volume, target of the pattern is 38.250.

Stock Trading Conclusion:
VIDEOCON APPLIANCES LTD (VDOCONAPP.NS) was trading in a bullish wave, which is becoming stronger .
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 : 33.45, 33.74, 34.20, 34.58, 34.95, 36.15, 38.25.
Stock Support levels : 31.78, 30.43, 29.07, 27.19, 24.92, 24.70, 21.59,.