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