Today we will analyze the stock VENKY’S (INDIA) LIMITED (VENKEYS.NS) for internet stock trading in the NS stock market,
Stock Technical indicators to notice in VENKY’S (INDIA) LIMITED (VENKEYS.NS)
1- Last bullish trend was from 383.00 $ (3/29/2012) to 402.00 $ (4/9/2012) a 19.00 $ move 2- The current bearish trend started from 402.00 $ at 4/9/2012 and is currently trading at 364.25 $.
3- According to ADX Indicator, the trend is currently bearish, which is getting stronger.
VENKY’S (INDIA) LIMITED (VENKEYS.NS) Short term stock chart patterns for internet stock trading :

4- The Stock was resisted by a resistance line, identified by two points: 402.000 and 407.950, and is currently resisting at 393.075.
VENKY’S (INDIA) LIMITED (VENKEYS.NS) Mid term stock chart patterns for internet stock trading :

5- The Stock formed a 100.600 $ height triangle which was broken up at 395.800 in higher than usual volume, target of the pattern is 496.400 which was broken down at 393.000 in higher than usual volume, target of the pattern is 292.400.
VENKY’S (INDIA) LIMITED (VENKEYS.NS) Long term stock chart patterns for internet stock trading :

6- The Stock formed Double Bottom Pattern at 370.400 that failed and formed a resistance.
7- The Stock was resisted by a resistance line, identified by two points: 471.000 and 514.200, and is currently resisting at 434.248.

Stock Trading Conclusion:
VENKY’S (INDIA) LIMITED (VENKEYS.NS) was trading in a bearish wave, which is becoming stronger .
Technical indicators and stock chart patterns show no favorited direction,
recommend hold or waiting for entry .

Stock Resistance Levels : 369.33, 373.16, 378.67, 383.13, 387.58, 393.07, 398.90, 402.00, 434.25, 496.40.
Stock Support levels : 341.45,.