Allahabad Bank

                                       Allahabad bank daily chart  (click on chart to zoom)

 Stock of Allahabad bank faced resistance for the fourth time on downward trend line as shown in the chart making lower lows since 11 Nov 2010. Stock has also formed rising triangle in recent upward rally meaning exit by strong hands from the stock and entry by the weak hands. Stock looks bearish as per chart but any short positions should be taken with strict stop loss as stock is trading well above all its key moving averages.
 Stock of Allahabad bank can be shorted for the short term target of 150-155.
Stop loss at 170 recommended.
CMP - 164 as on 21/12/12.

DLF Ltd

                                                                                                     DLF daily chart

On daily chart DLF formed a double bottom as shown in the chart. Today it opened above the 50 DMA and also trading well above the all its key moving averages. Stock went up today by over 4% with higher volume than previous trading sessions indicating some more steam is left in the counter. Stock can be bought at CMP (222) with stop loss at 215 and short term target of 240.

IL & FS trans. Ltd

                                                              daily chart (click on chart to zoom)

 On daily chart stock has formed a WEDGE PATTERN over the period of one and half year, that is from May 2011 to November 2012. Stock has broken out of this pattern on friday (30 november 12) but breakout cannot be confirmed as it was not high volume breakout. But before the breakout occurred on friday the stock was able to sustain itself above all its key moving averages for nearly a month. That is why this breakout though not a high volume is important as it occurred after the stock sustained well itself above its key DMAs with sideways pattern for a month. If this breakout is true then stock may go up to 220 in short term and to 250-260 in medium term.
Stock should sustain well above the WEDGE for at least a  month for the up trend to confirm as the pattern was getting formed for more than a year.
Stop loss recommended at 180.

Balrampur chini

                                                              daily chart  (click on chart to zoom)

 Stock of Balrampur chini is trading in upward trading channel since January 2012. It took 3 supports on lower trendline of the channel as shown in chart with number. Out of the three, third support was taken last week and stock zoomed more than 5% on friday (30 nov 12). Stock is likely to continue its upward movement as long as it does not break the lower trend line. Stock is still below its key moving averages but in the channel which is upward.
Stock can be bought at CMP (63.90) or in dips for the medium term targets of 70-72.
Stop loss at 60.5 recommended.

Glenmark Pharma

                                                              Glenmark daily chart (click on chart to zoom)

 On daily chart, Glenmark is in bull run since last couple of months. Recently it broke out of downward trading channel on 31st oct 12 and now sustaining well above it (as shown with dotted line). Stock is trading near its 52 week high price and also well above its key moving averages. This all indicate that current bullish trend in the stock is likely to continue, but traders/investors have to be cautious while buying this stock at CMP (440) as it is trading at its 52 week high levle. It can be bought for short term target of 470-480 with strict stop loss at 420.

Cipla Ltd

                                                              Cipla daily chart (click on chart to zoom)

 Cipla on daily chart has given breakout from the wedge pattern it formed over last two months giving signal of fresh upmove. Stock also trading well above its key moving averages which may act as a supprts downside if it falls from the CMP. Stock is likely to go up and touch the level of 400 to 420 in short term. Stop loss at 365 recommended.
CMP - 380 as on 5th nov 12.

Oil India Ltd

                                                                Oil India daily chart (click on chart to zoom)

On daily chart, stock is forming narrowing wedge pattern which is a bullish pattern if stock breaks out of wedge that's above the upper trend line (blue line). Stock is trading above all its key moving averages which also adds weight to the break out. As shown in the chart there rounding bottom formations indicating buy on dips by smart traders or investors on at lower price. Stock didn't participate in recent bull run so expectation is that it should now move up.
Stock can be bought at CMP (489 as on 26 oct 2012) for the short term target of 520-530.
Stop loss at 470-475 recommended.

Hindustan Unilever Ltd

                                                                HUL weekly chart (click on chart to zoom)

HUL on daily chart is moving up since last couple of weeks. On its recent uptrend the stock is forming rising triangular pattern. This triangle is an indication that smart traders/investors are selling the stock on every rise or in other words shares are getting transferred from strong hands to weak hands. Rising triangular pattern is therefore a bearish pattern. Stock can be sold at CMP (570 as on 23 oct 12) for target of 550-540.
Stop loss should be kept at 585-590.

Bank of India

                                                                BOI daily chart (click on chart to zoom)
 
 BOI is in down trend since last two years making lower lows on daily chart. Stock is trading below its key moving averages like 20, 100 and 200 but above 50 DMA. Stock is making narrowing triangular pattern which may break on either side. Stock if breaks down can be shorted with stop loss at 307 and for target of 282.
CMP - 298 as on 23 oct 12

Bank of Baroda

                                                               Bank of Baroda daily chart (click on chart to zoom)

 On daily chart, BoB has formed a FALLING WEDGE pattern which is a bullish sign. On friday, it broke out of that pattern indicating fresh upmove in short term. Stock has also broken out of all its key moving averages except 200 DMA. Stock can be bought at CMP (680) or every decline till 660 for the short term target of 730-750.
Stop loss at 650 recommended.

Pantaloon Retail

                                                            Pantaloon retail daily chart (click on chart to zoom)

On daily chart Pantaloon has formed a triple bottom as shown in chart. This bottom is in formation since november 2011 with increase in daily trading volume since that time as seen in the chart. Stock is still trading below its key moving averages which is a reason of caution in short term, but in medium to long term stock looks bullish from this level due to triple bottom formation which acts as a strong support downside. Increase in volume indicates accumulation of stock by smart traders/investors at low price.
Stock can be bought at CMP or in every decline below  CMP (160) till correction upto 140 for the target of 200 in medium term.
Stop loss at 135 recommended.

Excel industries

                                                             Excel industries daily chart (click on chart to zoom)

On daily chart Excel has formed a bottom near 60-66 price band. Also stock is making higher highs from the base indiacting uptrend in coming days. Stock is trading above triangle as shown in figure and waiting for breakout upside. Stock is also trading above all its key moving averages which is also a bullish sigb. However stock may or may not behave as our analysis says as stock trades with very low volume.
High risk traders can buy this stock with price target of 80 - 82 in short term.
Stop loss at 66 recommended.
CMP - 72 as on 7 sept 12.

Exide Ltd

                                                 Exide daily chart (click on chart to zoom)

 Trading in TRIANGLE which is narrowing indicating breakout or breakdown on daily chart. Also trading above all its key moving average which indicates bullish sign. Traders can wait for breakout or buy on CMP for target of 150-155 in short term.
Stop loss at 127 recommended.
CMP - 135 as on 31 august 12.

ACC Ltd

                                                                 ACC daily chart (click on chart to zoom)

 On daily chart ACC looks bearish as it made U turn from where it corrected few months back. It is also trading below 20 DMA which is also bearish sign. Stock has formed RISING WEDGE as shown in the chart and has brokedown from there.
Traders can short this stock at CMP or on every rise till 1350 for the target of 1150 - 1200 in short to medium term.
Stop loss at 1360 recommended.

Punjab National Bank

                                                                    PNB daily chart (click on chart to zoom)

 On medium to long term trend, stock is in bearish trend making lower lows on daily chart. But recently stock took support at around 710-720 band for third time yesterday making triple bottom as shown in the chart with trendline. Stock should sustain above this trendline for some more trading sessions for base formation. However, high risk traders can buy this stock at CMP with strict stop loss at 710 and short term target of 770-780.
CMP - 732

Eveready Industries India Ltd

                                                                         daily chart (click on chart to zoom)

 On daily chart, Eveready has taken suuport for 4rth time at around 17. Stock opened gap down today and closed at day's high making BULLISH ENGULFING PATTERN which indicates trend reversal from bearish trend to bullish trend in short term. Stock is still trading below all its key moving averages which may act as a immidiate resistance to its upside. However considering that stock is in downtrend since quite some time some upside should come.
Stock can be bought at CMP for short term target of 20.
Stop loss at 17 recommended.
CMP - 18.15

Zydus Wellness

                                                          Zydus Wellness daily chart (click on chart to zoom)

 On daily chart, stock has formed double bottom around 320-340 level acting strong support downside and lifting the stock from there. It also forming higher bottoms and tops indicating some bullish trend in short term though on medium to long term it still looks bearish. Stock recently formed a base as seen in the chart which should act as an immediate support. It also managed to close below all its key moving averages except 20 DMA which is at 426.
Stock can be accumulated for short term target of 460-480.
Stop loss at 410 recommended.
CMP - 424.5 as on friday 10 aug 12

Reliance Industries Ltd

                                                                 Reliance daily chart (click on chart to zoom)

Reliance yesterday broke out from the wedge pattern it has formed as seen in the chart. This Wedge was formed on downtrend after consolidation in Reliance for entire last year. Yesterday it also broke 200 DMA with good volume which also indicates change in trend frm bull to bear and shows that Reliance will now actively participate in bull run if it comes in Nifty.
Till now Reliance was in sell on rise mode and now it seems to be in buy on dips mode.
Stock may show consolidation for some more trading sessions after recent huge rally before it resumes fresh upward movement.
It can be bought at CMP or in every decline till 750 for medium term target of 900.

Rural Electrification Corp Ltd

                                                                     REC Ltd daily chart (click on chart to zoom)

 REC as seen in chart broke the trendline which was acting as a resistance. It also managed to trade above all its key moving averages which is a positive sign. Stock is in downtrend since last 2 years and now seem to form a bottom near 160. Stock also trading above its psychological level of 200. All these signs indicate bullish trend in coming days. Stock can be bought at CMP or in correction till 200 for the short term target of 230 - 235.
Stop loss at 197 recommended.

Page Industries

                                        Page Industries daily chart (click on chart to zoom)

As per daily chart, Page industries is making higher highs which indicates bullish short and medium term. It also formed double bottom as shown in the chart which indicates coming upside in the stock. Today stock broke its 50 DMA below which is was trading for quite some time, it is also trading above all its key moving averages which is a bullish sign.
Stock can be bought for the target of 3150-3200 in short term. Stop loss at 2900 is recommended.
CMP - 3000

Eros international media ltd

                                                                                  Eros daily chart (click on chart to zoom)

 Eros is trading in downtrend since october 11 making lower lows on chart. Since may 12 it is trading sideways and taking support at 160 level. Stock looks oversold considering it was in downtrend since last 10 months. Stock may bounce back from current level to around 180- 185 in short term. Stop loss at 160 recommended.
CMP (on friday was 165)

Hindutan Zinc

                                                             Hindustan zinc daily chart (click on chart to zoom)

 On daily chart of Hindustan Zinc there is a base formation since last 10 months. This base should act as a strong support downside in coming days. However stock is trading below all its key averages which is a bearish sign for medium to long term. Stock can be bought at CMP (117) or on every dip above 114 for the short term target at 130.
Stop loss at 112 recommended.

Yes Bank

                                                                          Yes Bank daily chart (click on chart to zoom)

Today Yes Bank on daily chart broke upward trading channel, it also broke 20 and 100 DMAs. Which is a bearish sign in short term. In downside immediate support is due to 50 DMA (blue line on the chart) if that broken downside stock may slide down upto 320 in short term.
Stop loss at 350 recommended on short position.

Tata Motors

                                                                Tata Motors daily chart (click on chart to zoom)

Tata motors on daily chart broke 200 DMA today which was last hope for bull in stock. It also had formed triangle due to sideways movement it was in for last one and half month. Stock also broke heavily from Head and Shoulder pattern in the month of may 12 making gaps with much higher volume than average daily volume. All these signs indicate bearish trend in stock in coming trading sessions.
Stock can be sold at CMP or on every bounce till 235 for the target of 210.
Stop loss at 240 recommended.
CMP - 229

AP Paper

We recommended AP Paper buy yesterday in our previous post but today it opened on our stop loss price. Our buy call on Ap Paper was based only on technical charts we saw, we did not take into consideration the bad results Ap Paper came out due to which it corrected heavily. We still recommend that if it sustains well above psychological level of 300 in coming days then it can be bought.

AP Paper

                                                                AP Paper daily chart (click on chart to zoom)

 On daily chart AP Paper has given breakout from Cup and Handle as well as Flag pattern with much higher volume than average daily trading volume which is a bullish sign. Stock is in bullish trend in short and long term as it is trading well above its important key moving averages like 20, 50, 100 and 200 DMAs.
Stock can be bought at CMP with target of 350 and stop loss at 305.
CMP - 319.65 as on 13/7/12.

Bharti Airtel

                                                                  Bharti Airtel daily chart (click on chart to zoom)

 Bharti Airtel on daily chart was in downtrend for last 9 months. It made double bottom as shown in figure which indicates reversal in trend. In the short term trend reversal is confirmed by higher highs stock is making on daily chart. Also it has made Head and Shoulder pattern and today gave breakout from that as shown in the chart. It also broke 100 DMA today below which it was trading for long time. Stock is trading well above 20 and 50 DMAs but below 200 DMA which indicates stock is bullish in short term but bearish in long term.
Stock can be bought at CMP with short term target of 340.
Stop loss at 312 recommended.
CMP - 321.4

Welspun Corp

                                                               Welspun Corp daily chart (click on chart to zoom)

 On daily chart Stock has just broken down from the Triangle as shown in chart. This break down is after a sideways movement stock was in for last few sessions. As seen in chart stock is making rounding tops indicating sell on rise strategy adopted my traders. Stock is also trading below its key moving averages except 200 DMA which it holding since last few trading sessions.
Stock can be shorted for short term target of 100-105 with stop loss at 120.
CMP - 115.15

ACC

                                                                   ACC daily chart (click on chart to zoom)

 On daily chart formed Head and Shoulder pattern and brokeout of it yesterday now it should head for its next short term target of 1360. Stock can be bought at CMP or in dips till 1300 with stop loss at 1280.

Breaking uppermost trendline stock may make its 52 week high.
CMP - 1311 on 2/6/2012

Mercator

                                                              Mercator daily chart (click on chart to zoom)

On daily chart Mercator has formed Head and Shoulder pattern and recently it has given breakout from the Shoulder 2 with higher volume than average daily volume. Stock successfully broke 20 and 50 DMAs but still trading below 100 and 200 DMAs at 23 and 23.3 respectively which may act as a strong resistance upside. Once stock crossess 50% retracement of previous bullish rally which is Rs 25, stock can be said to have changed it its trend from bearish to bullish.
High risk trader can buy at CMP (21.75 on 29 july 2012)  or on every dip u get till 20 with short term target of 27.
Stop loss at 19 recommended.

State Bank of India

                                                                          SBI daily chart (click on chart to zoom)

 SBI is trading sideways after a bullish rally that ended in feb 2012. From the chart is is clear that it is trading in narrowing triangular pattern which may breakout or breakdown soon. SBI has managed itself to trade above all its key moving averages like 20, 50, 100 and 200 DMAs which indicate stock is bullish in short tm medium term. Also it is making higher bottoms indicating uptrend but to confirm that stock need to break out from current level.
Traders can buy this stock at CMP (2157 as on 22 june 12) or in decline upto 2100 with stop loss at 2050 and with short term target of 2300 and medium term 2400-2500

Biocon

                                                                           Biocon daily chart (click on chart on zoom)

 On daily chart breakout from triangle as shown in chart yesterday with good volume. indicates some more upside in coming sessions. However Stock could not break 50 DMA and closed slightly below that yesterday. For upside to confirm stock must break 50 DMA and sustain above it for some time. Traders can take a chance and buy this stock at CMP (224 as on yesterday) for short term target of 250.
Stop loss at 214 recommended.

Hindustan Zinc

                                                              Hindustan Zinc daily chart (click on chart to zoom)

 Hindustan Zinc yesterday broke from downward trading channel that too with much higher volume compared to average daily volume. It is already trading above 20 DMA and yesterday crossed 50 DMA which if sustains above that will be considered short term bullishness in the scrip. However stock has made triple bottom as shown in the chart and should continue to move upwards in coming trading sessions.
Stock can be bought at CMP (121.8 as on yesterday) or in every dip till 116 with the target of 130 in short term.
CMP - 121.8 as on 20 june 12
Stop loss - 115

Tata Coffee

                                                          Tata coffee monthly chart (click on chart to zoom)

 On monthly chart Tata coffee was consolidating from April 2011 to May 2012 forming narrowing triangle pattern (which is due to indecisiveness about the trend). After consolidation for a year it finally broke out in June 2012 ( this breakout will be confirmed if it remains there till the end of june 2012.) . Immediate target for such a breakout after long consolidation should be 1050 and medium term target should be 1200-1300.
Stop loss for short term should be at 840 and for medium term should be at 810
CMP- 906 as on 19 june 12

Piramal Healthcare

                                                            Piramal healthcare daily chart (click on chart to zoom)

 Stock just broke cup and handle pattern which is bullish in short to medium term. Stock also trading well above its 20, 50, 100 and 200 DMAs confirms the bullish trend. This upmove in recent time was very sharp and on daily chart stock is now overbought as per stochastic which is now above 80 (overbought territory) so some correction may come making new higher bottom in coming days which if forms will further confirm the uptrend.
Stock can be bought at CMP or traders can wait till some correction till 480 with short term target of 550
and medium term target of 600-650.
Stop loss for short term target should be at 475 and for medium target at 460.

Oil India

                                                                          Oil India daily chart (click on chart to zoom)

 On daily chart Oil India is trading in downward trading channel. It recently tasted lower trendline of the channel and bounced back from there making double bottom. Stock also moved above 20 and 50 DMAs but still trading slightly below 100 and 200 DMAs which may act as resistance upside.
Continuing with the current trend which is bullish in short term stock may touch 490- 500 in short term.
Traders can buy at CMP (on 15/6/12 it was 466) for target of 490 -500 in short term.
with stop loss at 445.

Bajaj Finance Ltd

                                                              Bajaj Finance daily chart (click on chart to zoom)

 Bajaj finance on daily chart is making falling wedge and also trading above its key moving averages like 100 and 200. Its also broke 20 DMA on friday but still trading just below its 50 DMA. From the chart is it clear that there is a bottom formation going on since last few trading session. Stock has sustained itself well making higher highs on daily chart.
All these signs indicate bullishness in stock in coming trading sessions but to confirm it should give breakout from the wedge and also break 50 DMA and should sustain above it for next few trading sessions.
Traders can buy this stock on CMP or till the level of 845 (if it corrects)
till the target of 900 in short term or 950 in medium to long term.
Stop loss at 830 recommended.
CMP on friday was 861

Indusind Bank

                                                              Indusind Bank daily chart (click on chart to zoom)

 Stock has recently given breakout after sideways movement that last for 9 months and finally ended in January 2012. Now stock has sustained well in new territory making Head and Shoulder pattern and given breakout from that pattern 4rth June 2012. Stock is in strong bullish momentum since last 4 trading sessions and making gap ups on daily chart so some correction may come before stock continues its upward journey. Stock is well above 20, 100 and 200 DMAs which is bullish sign but stock is still below its 50 DMA at 319 which is slight concern.
Traders can buy stock on CMP (316 on 7 jun 12) or on dips till 310 with stop loss at 300 and short tarem target of 330 and medium to long term target of 345 stop loss for long term should be at 295.

Dish TV

                                                                          Dish TV daily chart (click on chart to zoom)

 Stock of dish tv after downtrend since last one year and now trading sideways since december 2011. As shown in figure this sideways movement of the stock has made falling wedge with base at 52-54 price range. Stock is also trading below its key moving averages like 20, 50 and 100 which are acting like resistances upside. Traders can wait for breakout upside or buy on Current Market Price (CMP) with stop loss at 54 for target of 65.
CMP on friday (25 may 2012) - 57.95

Hindalco

                                                      Hindalco daily chart (click on chart to zoom)

 Hindalco is in bearish trend since february 2012 making lower lows on daily chart. It has also made falling triangular pattern as shown in daily chart which is bullish sign.
Traders can buy the stock for small short term gains with strict stop loss.
Target for long position should be 122 and stop loss at 105 recommended.
CMP on friday is - 111.9

Indiabulls financial services

                                                                          Indiabulls daily chart (click on chart to zoom)

 Indiabulls financial services is trading in upward trading channel as shown in chart. Since last 3 trading session it has been testing lower trendline of trading channel and bouncing back. This bounce back may take this stock to 235 level in short term. Stock did not correct much in past trading sessions though main indices corrected sharply. Stock is still trading above its 100 and 200 DMAs thoguh main indices slipped below them. However stock is trading below its 20 and 50 DMAs. Traders can buy this stock at current price with target of 235.
Strict stop loss at 205 recommended.
CMP  -217.55

Bank of Baroda

                                                                            BOB daily chart (click on chart to zoom)

 Bank of Baroda on daily chart after sharp correction has managed to hold trendline support as shown in figure.
Stock is in the oversold territory as stochastic is below the level of 20. Due to sharp correction  there has to be a DEAD CAT BOUNCE in the coming sessions. Recent bounce back should take stock to 670 level in short term.
Stop loss at 635 recommended on long positions.
CMP - 648.8

Godrej Industries Ltd

                                                               Godrej Industries daily chart (click on chart to zoom)

 On daily chart stock is trading in narrowing triangle and today brokedown from it. Stock is also trading below 20 DMA which should act as a resistance upside.
Traders can short sell stock with short term target of 250 and stop loss at 270
CMP - 264.5

Gujarat State Petronet Ltd

                                                GSPL daily chart (click on chart to zoom)



Stock is in downtrend since last one year and now trading at oversold level as stochastic is below 20 in oversold territory. Stock has also made falling wedge and due to its oversold price level risk reward ratio is in favour of bulls. Stock may bounce back from current level of 66 to 74 in short term.
Stop loss at 62 recommended.

CMP on 30 apr 12 - 66

Tata Coffee

                                                                 Tata coffee daily chart (click on chart to zoom)

 Tata coffee is trading range bound since last one year. Range in which it is trading is narrowing forming wedge pattern. Stock should breakout or breakdown from this wedge pattern but stock is holding well above its important key moving averages  and forming rounding bottoms on daily chart suggests stock is about to breakout from current level.
Traders can buy this stock for short term target of 920.
Stop loss at 835 recommended.
CMP on 27 apr 12 - 858

Pantaloon Retail

                                                      Pantaloon Retail weekly chart (click on chart to zoom)

 Pantaloon on weekly chart has formed a narrowing triangle pattern and waiting for breakout.
As shown in weekly chart stock made its 52 week low in December 2011. Stocks is also trading above its 20 weekly moving average. Since the month of december 11 there is sudden increase in volume indicating smart money moving in the stock and change in shares from weak hands to strong hands.
all this indicating upmove in coming weeks.
Stock can be bought for short term target of 220 and medium term target of 250.
Stop loss at 150 recommended.

Canara Bank

                                                                             Canara Bank daily chart (click on chart to zoom)

 Canara Bank on daily chart is making higher highs and trading in upward trading channel. As per chart stock is holding itself above 20 DMA since last 3 trading sessions and trading well above 100 and 200 DMAs.
Stock can  be bought for short term target of 490.
Stop loss at 460 recommended.
CMP - 472

Mahindra & Mahindra

                                                  M&M daily chart (clickon chart to zoom)

 M&M on daily chart managed to close above its 100 DMA on friday. It also broke out from falling triangle it made on daily chart with higher volume. Its bullish trend can be confirmed by bullish crossover given by Stochastic.  Stock can be bought at CMP for short term target of 760 and medium term target of 810.
stop loss at 710 recommended.
CMP - 726.

Divi's Labs

                                                                      Divi's Labs daily chart (click on chart to zoom)


Divi's labs has given breakout from Cup and Handle chart pattern and now trading near its 52 week high. It is looking tired at higher level  and after consolidation for few trading sessions we  think this bullish trend should take stock to newer high. However direction changes from bullish to bearish if stock trades below trend line shown in chart.
 Traders can buy stock at CMP and every dips above the trendline for medium term target of 900.
Stop loss at 810 recommended.
CMP on friday was - 833

Hindalco Ltd

                                                     Hindalco daily chart (click on chart to zoom)

 On daily chart Hindalco is looking oversold. It is also trading above trendline. Stock today bounced from the small hammer it made yesterday. Next resistance is now 20 DMA but looking at its oversold level it should cross it and touch 138 in short term. Stop loss at 123 recommended on all long positions.
CMP - 128.

FDC Ltd

                                                                   FDC Ltd daily chart (click on chart to zoom)

 Stock was in downtrend since last one year but since november it is trading sideways forming base at 76.
Today stock managed to close above its 100 DMA and already trading well above its 20 and 50 DMAs.
Above argument is enough to state that stock has changed its trend from bearish to bullish but bullish trend will confirmed above 200 DMA and trendline as shown in figure.
Due to baseline stock should bounce back in short term to 90.
Stop loss at 78 recommended.
CMP - 81.05