Today we will analyze the stock BSR PROJECTS (BSRP.TA) for internet stock trading in the TA stock market,
Stock Technical indicators to notice in BSR PROJECTS (BSRP.TA)
1- Last bearish trend was from 44.30 $ (7/14/2010) to 42.10 $ (7/15/2010) a 2.20 $ move 2- The current bullish trend started from 42.10 $ at 7/15/2010 and is currently trading at 44.50 $.
3- BSRP.TA current support level is at 44.30 which is the 100.00 % fibonacci retracement of the last 2.20 $ move.
4- BSRP.TA current resistance level is at 44.90 which is the 127.20 % fibonacci retracement of the last 2.20 $ move.
5- According to ADX Indicator, the trend is currently strong bearish, which is getting stronger.
BSR PROJECTS (BSRP.TA) Short term stock chart patterns for internet stock trading :

6- The Stock formed a 10.600 $ height triangle which was broken up at 44.200, target of the pattern is 54.800 which was broken down at 44.500, target of the pattern is 33.900.
BSR PROJECTS (BSRP.TA) Mid term stock chart patterns for internet stock trading :

None.
BSR PROJECTS (BSRP.TA) Long term stock chart patterns for internet stock trading :

7- The Stock traded in a bearish stock channel identifed by support at 44.000 and 45.200,resistance between 52.000 and 53.000, the stock channel is currently supported from below by 41.920 and resisted from above by 50.167.

Stock Trading Conclusion:
BSR PROJECTS (BSRP.TA) was trading in a strong 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 : 44.72, 44.90, 45.66, 54.80.
Stock Support levels : 44.30, 43.93, 43.58, 43.46, 43.30, 43.20, 43.02, 42.94, 42.62, 42.10, 33.90,.