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.