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.