Stock Technical indicators to notice in VESUVIUS INDIA LTD (VESUVIUS.NS)
1- Last bullish trend was from 400.50 $ (4/27/2012) to 423.00 $ (5/2/2012) a 22.50 $ move 2- The current bearish trend started from 423.00 $ at 5/2/2012 and is currently trading at 401.70 $.
4- VESUVIUS.NS current resistance level is at 409.10 which is the 61.80 % fibonacci retracement of the last 22.50 $ move.
5- According to ADX Indicator, the trend is currently strong bearish,which is becoming weaker.
VESUVIUS INDIA LTD (VESUVIUS.NS) Short term stock chart patterns for internet stock trading :
6- The Stock formed a 74.200 $ height triangle which was broken down at 401.700 in higher than usual volume, target of the pattern is 327.500.
VESUVIUS INDIA LTD (VESUVIUS.NS) Mid term stock chart patterns for internet stock trading :
None.
VESUVIUS INDIA LTD (VESUVIUS.NS) Long term stock chart patterns for internet stock trading :
None.
Stock Trading Conclusion:
VESUVIUS INDIA LTD (VESUVIUS.NS) was trading in a strong bearish 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 : 405.81, 406.73, 409.10, 409.84, 411.75, 412.35, 414.40, 414.86, 417.69, 423.00,.
Stock Support levels : 400.50, 394.38, 386.60, 377.65, 375.01,.
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