Stock Technical indicators to notice in Wendt (India) Ltd. (WENDT.NS)
1- Last bullish trend was from 1,818.00 $ (4/26/2012) to 1,920.00 $ (5/2/2012) a 102.00 $ move 2- The current bearish trend started from 1,920.00 $ at 5/2/2012 and is currently trading at 1,770.10 $.
4- WENDT.NS current resistance level is at 1,790.26 which is the 127.20 % fibonacci retracement of the last 102.00 $ move.
5- According to ADX Indicator, the trend is currently strong bullish, which is getting stronger.
Wendt (India) Ltd. (WENDT.NS) Short term stock chart patterns for internet stock trading :
6- The Stock was supported by a support line, identified by two points: 1,818.000 and 1,627.000 that was broken down at 1,858.000 transforming into a resistance line.
Wendt (India) Ltd. (WENDT.NS) Mid term stock chart patterns for internet stock trading :
7- The Stock was supported by a support line, identified by two points: 1,627.000 and 1,580.000, and is currently supporting at 1,657.486.
Wendt (India) Ltd. (WENDT.NS) Long term stock chart patterns for internet stock trading :
8- The Stock was supported by a support line, identified by two points: 1,627.000 and 1,275.000, and is currently supporting at 1,753.090.
Stock Trading Conclusion:
Wendt (India) Ltd. (WENDT.NS) was trading in a strong bullish wave, which is becoming stronger .
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 : 1,790.26, 1,805.48, 1,818.00, 1,827.36, 1,845.05, 1,856.96, 1,862.74, 1,868.26, 1,869.00, 1,881.04, 1,895.93, 1,920.00,.
Stock Support levels : 1,754.96, 1,753.09,.
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