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.