Today we will analyze the stock Venus Remedies Limited (VENUSREM.NS) for internet stock trading in the NS stock market,
Stock Technical indicators to notice in Venus Remedies Limited (VENUSREM.NS)
1- Last bullish trend was from 163.00 $ (4/9/2012) to 173.25 $ (4/11/2012) a 10.25 $ move 2- The current bearish trend started from 173.25 $ at 4/11/2012 and is currently trading at 157.00 $.
3- VENUSREM.NS current support level is at 156.67 which is the 161.80 % fibonacci retracement of the last 10.25 $ move.
4- VENUSREM.NS current resistance level is at 160.21 which is the 127.20 % fibonacci retracement of the last 10.25 $ move.
5- According to ADX Indicator, the trend is currently strong bullish,which is becoming weaker.
Venus Remedies Limited (VENUSREM.NS) Short term stock chart patterns for internet stock trading :

6- The Stock formed Double Bottom Pattern at 163.000 that failed and formed a resistance.
7- The Stock was supported by a support line, identified by two points: 163.000 and 162.500 that was broken down at 163.000 transforming into a resistance line.
Venus Remedies Limited (VENUSREM.NS) Mid term stock chart patterns for internet stock trading :

8- The Stock formed a 18.700 $ height triangle which was broken down at 169.500, target of the pattern is 150.800.
Venus Remedies Limited (VENUSREM.NS) Long term stock chart patterns for internet stock trading :

9- The Stock formed a 42.100 $ height triangle which was broken down at 157.000 in higher than usual volume, target of the pattern is 114.900.

Stock Trading Conclusion:
Venus Remedies Limited (VENUSREM.NS) was trading in a strong bullish wave, which is becoming weaker .
Technical indicators and stock chart patterns show bearish direction,
recommend hedging long positions or entering short position or bearish spread options strategy in online trading .

Stock Resistance Levels : 159.68, 160.21, 160.84, 163.00, 163.21, 165.13, 165.25, 166.92, 167.04, 168.13, 169.33, 170.83, 173.25, 191.65.
Stock Support levels : 156.67, 150.80,.