Today we will analyze the stock SYNEL INDUSTRIES (SNEL.TA) for internet stock trading in the TA stock market,
Stock Technical indicators to notice in SYNEL INDUSTRIES (SNEL.TA)
1- Last bearish trend was from 1,209.00 $ (2/27/2012) to 1,095.00 $ (3/14/2012) a 114.00 $ move 2- The current bullish trend started from 1,095.00 $ at 3/14/2012 and is currently trading at 1,158.00 $.
3- SNEL.TA current support level is at 1,152.00 which is the 50.00 % fibonacci retracement of the last 114.00 $ move.
4- SNEL.TA current resistance level is at 1,165.45 which is the 61.80 % fibonacci retracement of the last 114.00 $ move.
5- According to ADX Indicator, the trend is currently bullish, which is getting stronger.
SYNEL INDUSTRIES (SNEL.TA) Short term stock chart patterns for internet stock trading :

None.
SYNEL INDUSTRIES (SNEL.TA) Mid term stock chart patterns for internet stock trading :

None.
SYNEL INDUSTRIES (SNEL.TA) Long term stock chart patterns for internet stock trading :

6- The Stock formed Double Top Pattern at 1,209.000 .
7- The Stock formed a 215.000 $ height triangle which was broken down at 1,120.000 in higher than usual volume, target of the pattern is 905.000.

Stock Trading Conclusion:
SYNEL INDUSTRIES (SNEL.TA) was trading in a 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 : 1,165.45, 1,186.55, 1,206.34, 1,209.00, 1,240.01, 1,279.45.
Stock Support levels : 1,152.00, 1,143.13, 1,138.55, 1,133.93, 1,126.50, 1,121.90, 1,119.07, 1,095.00,.