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.