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