Orient green power

                                               

                                                              monthly chart

On monthly chart stock of Oriental green power is trading in a trading channel as seen in the chart. Stock has taking support on the lower trend line of the channel and if it holds the support then it may go up to 17 in the coming months. Stock can be bought at CMP (11.9) .
Stop loss at 10.4 recommend.

Delta corp

                                                         Delta corp daily chart

Daily chart of Delta corp is showing break our from narrowing triangle with higher volume than previous days. Stock has also broken its 50 DMA and trading well above 20 DMA. These signs indicate stock may go up in coming days/weeks touching the level of 64 in short to medium term. On other side stock failed to give its daily/weekly close above 100 DMA and still trading below its 200 DMA which indicate stock is still in bearish trend as long as longer term trend is concerned. Traders can buy this stock at CMP (56) or on any fall above 53 for short term target of 64.
Stop loss at 50 recommended.

Bank of Baroda

                                                          daily chart (click on chart to zoom)

Sock of BOB is in bearish trend since last few months. On daily chart stock has formed a triple bottom as shown in the chart. On fiday (26 July) it managed to close above triple bottom formation and 20 DMA as per chart which if held may lead to a short term upward rally which may take stock to 650 in the short term. Stop loss at 540 recommended.

CMP - 575 (26/7/2013)

State bank of India

                                                         SBI daily chart (click to zoom)

Stock of SBI is in sharp correction since last few trading sessions as seen in the chart. In this down trend stock has formed a DOWNWARD TRADING CHANNEL which if broken upside may lead to a short term bullish rally. Possibility of bullish rally is high as stock after steep correction now looks oversold.
 Stock can be bought at CMP (1765) for short term target of 1900-2000. Stop loss at 1700 recommended. 

Bharti Airtel

                                                                         daily chart

Stock is trading sideways since last september making a TRIANGLE on daily chart. This triangle may break upwards which will take stock to 350 levels in short term. There is a resistance near 301 to 305 due to presance of DMAs like 50, 100 and 200 breaking which its upward rally will start. Stock bounced back from 20 DMA yesterday and managed to close just above 300.

Stop loss at long position should be at 285.

Reliance mediaworks

                                                        daily chart

Stock is in downtrend since long time and it has recently broken out of falling triangle which is considered to be a bullish sign. In addition to this stock is also trading above its key DMAs like 20,50 and 100 but still below 200. Stock can be bought at CMP with short term price target of 65.
Stop loss at 49 recommended. (Stock has recently rallied from 42 to 55 and it may correct a little so better if you can catch it at lower prices.)
CMP - 55.9 (as on 5/7/13)

Alok textiles ltd

                                                     daily chart

Stock of Alok textiles broke out of the downward trading channel on friday. It was trading in the channel for last three months. Stock has also formed a base around Rs 7 ans it can be bought as long as it holds the base. Short term target for this target is 9. Strict stop loss at 6.5 should be kept.

CMP - 7.18

GTL Ltd

                                                           GTL ltd daily chart

Stock of GTL is now finding support near the level of 14 after beaten down for more than a year. Stock has formed a triangle and it is ready to breakout of it. Short term target of this stock is Rd 19-20. Stop loss at 13 recommended.

CMP - 14.66 (as on 5/7/2013)

BEML Ltd

                                          BEML daily chart (click on chart to zoom)

On daily chart stock of BEML has broken down from the triangular pattern it had made from the all time low level. Stock is in downtrend since last two years and friday's breakout has given hopes for some uptrend in coming sessions. Stock has also broken out of its 20 and 50 DMA levels with the slightly higher volume than average daily volume.
Stock can be bought at CMP for the short term target of 215. Stop loss at 170 recommended.

Tata sponge iron ltd

                                          daily chart (click on chart to zoom)

On daily chart, the stock is trading sideways and this sideways trend has formed a WEDGE pattern which may breakout upwards in coming sessions. Stock is also successful in holding 20 DMA and also has crossed 50 DMA. Stock can be bought at CMP (301 as on 17 May 2013) for the short to medium term target of 330-340.
Stop loss at 290 recommended.

United spirits

                                                                        United spirits daily charts

Stock has formed a triangle on daily chart from where it broke out yesterday which is a bullish sign. Stock has also broken 20 and 50 DMAs upside. Stock is likely to touch 2050-2100 in the short term.
Stop loss at 1920 recommended.
CMP - 1943

Arvind Ltd

                                                     daily chart

Stock of Arvind mills has corrected sharply by over 40% in last two months forming downward trading channel. Stock is now trading near its support (as shown in the chart by green arrows) and may bounce back  if it sustains above the support. Stock if breaks upper trend line of the channel after taking support may become bullish but in the short term it may bounce back as it looks oversold.
Stock can be bought at CMP or in every fall above 72.5 for the short term target of 85.
Stop loss at 72 recommended.
CMP - 76.05

ITC Ltd

                                                                    ITC Ltd daily chart (click on chart to zoom)

On daily chart, stock of ITC is forming rising wedge pattern. Stock is now trading on the lower trend line of the pattern which may act as a support but if it is broken then stock may further go down to 275-280 levels in short term. Stock is already trading below 20 and 50 DMA but closed just below 100 DMA.
Stock can be sold at CMP or on rise till 295 with stop loss at 300 for the short term target of 275-280.
CMP - 291

Reliance industries ltd

                                                             Reliance daily chart (click on chart to zoom)

Reliance after breaking out of falling wedge pattern (as shown in the chart) is now trading in the upward trading channel. Stock if continues to trade in the channel then it can touch newer highs in the coming days or weeks. Stock is however trading below it 20 ND 50 DMAs which is a concern but as long as it does not break the channel short positions should be avoided.
Stock can be bought at CMP for the short term target of 950 with stop loss at at 840. (The strategy should be reversed if it breaks the channel downside)
CMP - 862

Amtek Auto ltd

                                                               Amtek auto daily chart (click on chart to zoom)

 On daily chart, stock of Amtek auto has been correcting since last two years and now trading near its year low. Stock had bounced back from Rs 70 in the month of December 2012 to 94  after making new low. From Rs 94 it corrected again and now trading near same 70 levels. Expectation is that stock may hold the level as it may act as a support downside. Stock can be accumulated at CMP (72.1) and in every dip till 69 for the short term 82.
Stop loss at 66 recommended.

State bank of India

                                                                     SBI daily chart (click on chart to zoom)

SBI has formed a rising wedge pattern as shown in the chart with breakdown from that chart pattern yesterday. It also formed a double top near 2530 level along with breakdown from 20 DMA. Stock can be sold at CMP (2436) or on rise upto 2460 for the short term target of 2350.
Strict stop loss should be kept at 2480 as stock is still above its all key moving averages.

Hindustan Zinc

                                                                    HZL daily chart (click on chart to zoom)

Stock of HZL is trading sideways since last two months forming rising wedge (rising bottom with same top) on daily chart. Stock is also facing resistance at its previous high it made on in the month of February last year. Stock has broken down from this rising wedge and now trading below 20 and 50 DMAs and just closed below 100 DMA on friday. Stock can be sold with the short term target of 125-120 downside.
Stop loss at 144 recommended.
CMP  - 134

HCL tech

                                                                    HCL tech daily chart (click on chart to zoom)

 On daily chart, stock of HCL tech is in uptrend and well above all its key moving averages as shown in the chart. Stock is in uptrend from quite long time and now looks overbought. Stock has also formed double top with two top shown touching blue trend lines as shown the in chart. Stock can be sold with strict stop loss at 660 and with downside target of 620.
CMP - 645

United Phosphorus ltd

                                                                   daily chart (click on chart to zoom)

Stock of United phosphorus was trading in sideways band (shown as consolidation zone with two parallel blue lines) since April 2012 which it broke today as shown in the chart. This breakout (with slightly higher volume than average daily volume) may take this stock to higher levels in coming sessions. Stock is also well above its key DMAs and it has formed DOUBLE BOTTOM on monthly chart. All these indicate bullish mood of the stock.
It can be bought at CMP (136.8) or in decline above 133 for the target of 150 in the short term and 162 in the medium term.
Stop loss at 130 recommended.

Alkali metals ltd

                                                                                  daily chart (daily chart)

Stock of Alkali metals is in downtrend since last two years and now near its bottom which it forming since last one year in narrowing wedge pattern as shown in the chart. Stock is also trading just below 50,100 and 200 DMAs but above 20 DMA. Stock may give sudden upward surge if sustains above the bottom it formed (shown with horizontal blue line). Stock can be accumulated at this price for the short term target of 29. Stop loss at 24.5 recommended.
CMP - 26.15

Arshiya international

                                                         Arshiya daily chart (click on chart to zoom)

Arshiya is trading sideways since last six months forming horizontal trading channel. On 2nd Jan it took support from lower trend line of the channel and broke all its key moving averages except 200 DMA. Stock is likely to move in sideways trend in next few sessions till it breaks the channel on either sides.
Traders can buy this stock at CMP (129.9) or in every dip above 125 for the short term target of 145-150.
Stock may face some resistance as it failed to break 200 DMA below which it closed yesterday.
Stop loss at 122 recommended.