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.