Indiabulls Financial Services

                                                      Indiabulls daily chart (click to zoom)      
Indiabulls Financial Services on daily chart indicating buy signal as both stochastic and RSI showing positive crossover and stock broke its 20 DMA yesterday. Current momentum could take Indiabulls to 180 levels.
One can long this stock with target of 180 and stop loss of 155.
CMP = 161 as on 27/9/2011.  

Reliance Industries Ltd

                                                                    (click on chart to zoom)


Reliance on daily chart shows negative trend which could take it to 720 levels.It is trading at 4rth declining wave of Elliott wave theory.
It broke its important psychological level of 800 on thursday on negative news related to company and weak global markets. In downtrend since 21 sept 11 it is making lower lows with rising volume indicating more downside for the stock to come.
Traders can short stock with target of 720 and with stop loss of 800
CMP - 770

MAHINDRA & MAHINDRA

                                                                                          M & M DAILY CHART (click to zoom)
Mahindra on daily chart has formed bullish piercing candle stick which is also inverted hammer after downtrend. In friday's weak market when Nifty broke 4800 and sensex 16000 which psychologically important levels the stock was up by 1%, this uptrend is likely to continue in comming trading sessions also.Short term traders can buy this stock with target of 735 with stop loss of 690.

LUPIN

                                                                   LUPIN DAILY CHART (CLICK TO ZOOM)
Lupin on daily chart is trading in horizontal channel. It made support on 19 auggust at 439 at on 24th august it broke its 20 & 100 DMAs. Both stochastic and RSI have made positive crossover. On 19th august it also made inverted hammer candle stick which is bullish sign. Short term traders can accumulate this stock aat 450 with stop loss of 439 and target of 475.

TITAN

                                                          TITAN DAILY CHART (click to zoom)
Titan on daily chart took support at 200DMA on moday and made a candlestick which is bullish engulfing candlestick. Both RSI and STOCHASTIC hav made positive crossover, its short term target should be 225 with stop loss of 195
CMP - 208 as on 23/8/2011

EROSMEDIA

                                                          EROSMEDIA DAILY CHART (click to zoom)


EROSMEDIA on daily chart has formed double bottom at 190 level.
Its short term target becomes 215 with stop loss of 190
CMP 196
However its important psychological level becomes 200, one can wait till that level come to average on uptrend.

RELIANCE POWER

                                                 RELAINCE POWER (click to zoom)
On monthly chart it is posing for DEAD CAT BOUNCE. It is now at same level from where it bounced in March 09.Any change in direction from current level would be a trend reversal.