Today we will analyze the stock DIRECT INSURANCE (DRIN.TA) for internet stock trading in the TA stock market,
Stock Technical indicators to notice in DIRECT INSURANCE (DRIN.TA)
1- Last bearish trend was from 1,112.00 $ (1/3/2011) to 1,018.00 $ (1/13/2011) a 94.00 $ move 2- The current bullish trend started from 1,018.00 $ at 1/13/2011 and is currently trading at 1,046.00 $.
3- DRIN.TA current support level is at 1,040.18 which is the 23.60 % fibonacci retracement of the last 94.00 $ move.
4- DRIN.TA current resistance level is at 1,053.91 which is the 38.20 % fibonacci retracement of the last 94.00 $ move.
5- According to ADX Indicator, the trend is currently bullish,which is becoming weaker.
DIRECT INSURANCE (DRIN.TA) Short term stock chart patterns for internet stock trading :

6- The Stock was supported by a support line, identified by two points: 1,018.000 and 933.500 that was broken down at 1,043.000 transforming into a resistance line.
DIRECT INSURANCE (DRIN.TA) Mid term stock chart patterns for internet stock trading :

7- The Stock was supported by a support line, identified by two points: 933.500 and 925.600, and is currently supporting at 962.843.
DIRECT INSURANCE (DRIN.TA) Long term stock chart patterns for internet stock trading :

8- The Stock formed a 499.200 $ height triangle which was broken up at 695.270, target of the pattern is 1,194.470.

Stock Trading Conclusion:
DIRECT INSURANCE (DRIN.TA) was trading in a bullish wave, which is becoming weaker .
Technical indicators and stock chart patterns show bullish direction,
recommend stopping short positions or entering long position or bullish spread options strategy in online trading .

Stock Resistance Levels : 1,053.91, 1,055.56, 1,065.00, 1,076.09, 1,112.00, 1,137.57, 1,170.09, 1,194.47.
Stock Support levels : 1,040.18, 1,039.39, 1,035.30, 1,032.00, 1,028.70, 1,018.00, 962.84,.