The benchmark indices witnessed profit booking in the second half of the session and closed off the day's high with marginal gains on June 25. Market breadth remained weak, with about 1,972 shares declining against 1,020 advancing shares on the NSE. The consolidation may continue as long as the market trades below Friday's high. Below are some short-term trading ideas to consider:
Rajesh Palviya, Senior Vice President Research (Head of Research) at Axis Securities
Global Health | CMP: Rs 1,312.4
On the weekly chart, Medanta decisively surpassed the neckline breakout of an inverse head & shoulder pattern at the Rs 1,280 level on a closing basis. This breakout is accompanied by huge volumes, which signal increased participation. The daily, weekly and monthly Relative Strength Index (RSI) is in favourable territory, indicating rising strength across all time frames.
The stock is well placed above its 20, 50, 100 and 200-day simple moving averages (SMAs). These averages are also inching up with the price rise, which reconfirms bullish sentiment. The daily and weekly Bollinger Band buy signals indicate increased momentum.
Strategy: Buy
Target: Rs 1,400, Rs 1,480
Stop-Loss: Rs 1,290
Tata Motors | CMP: Rs 431.9
On the daily chart, TMCV confirmed a trend reversal by decisively surpassing an inverse head & shoulder pattern breakout at the Rs 420 level, accompanied by huge volumes. The stock is well placed above its 20, 50, 100 and 200-day simple moving averages (SMAs), which confirms bullish sentiments. The daily and weekly RSI is in favourable territory, indicating rising strength in the short-to-medium term timeframe.
Strategy: Buy
Target: Rs 460, Rs 480
Stop-Loss: Rs 420
Cholamandalam Investment and Finance Company | CMP: Rs 1,799.2
With a strong 6 percent upmove last week, Cholamandalam Investment decisively broke out at the Rs 1,700 level, accompanied by rising volumes, which signifies increased participation. The stock is well placed above its 20, 50 and 100-day simple moving averages (SMAs). These averages are also inching up with the price rise, which reconfirms bullish sentiment. The daily and weekly RSI is in favourable territory, indicating rising strength across all time frames.
Strategy: Buy
Target: Rs 1,900, Rs 1,970
Stop-Loss: Rs 1,750
Om Mehra, Technical Research Analyst at Samco Securities
Maruti Suzuki India | CMP: Rs 13,745
Maruti Suzuki has broken out of an ascending triangle pattern that had been developing since March, supported by a rising trendline. The breakout was accompanied by a strong bullish candle, with the stock surging more than 3.7 percent on Friday and closing decisively above the Rs 13,400 resistance zone, which had capped advances on multiple occasions.
Volumes surged to more than twice the recent average, lending strong confirmation to the breakout. The stock is also trading comfortably above its 20-day SMA, which has started to trend higher, reflecting improving price strength.
The RSI has climbed sharply to around 60, indicating strengthening momentum, while the MACD histogram has turned positive, confirming a bullish shift in trend. The auto sector has also been showing renewed strength, adding further support to the setup.
Strategy: Buy
Target: Rs 14,600
Stop-Loss: Rs 13,250
Radico Khaitan | CMP: Rs 3,829.8
Radico Khaitan has broken out of a cup-and-handle pattern on the daily chart, with the stock now making a fresh higher high above Rs 3,830. The breakout above the Rs 3,450 handle resistance has been accompanied by a pickup in volumes, lending strong confirmation to the move.
The Supertrend remains in a rising mode, continuing to act as a trailing support below the current price. The stock is also trading well above its 50-day SMA, which is sloping upward.
The RSI is placed near 71, reflecting strong momentum, while the MACD continues to hold in positive territory, supporting the ongoing uptrend.
Strategy: Buy
Target: Rs 4,180
Stop-Loss: Rs 3,680
Poonawalla Fincorp | CMP: Rs 440.3
Poonawalla Fincorp has confirmed a double bottom pattern on the daily chart, with both troughs forming near the Rs 368–375 zone between April and June. The stock has since rallied sharply, reclaiming the Rs 430–440 region and printing fresh swing highs. Volumes have picked up meaningfully during the recent advance, lending conviction to the breakout. The stock is also trading well above its VWAP (volume weighted average price), placed near Rs 437, reinforcing the improving technical structure.
The RSI has climbed sharply to near 69, reflecting strengthening momentum, while the MACD has turned positive, with the histogram expanding and confirming the bullish shift. The NBFC space has also been showing renewed strength, adding further support to the setup.
Strategy: Buy
Target: Rs 480
Stop-Loss: Rs 418
Jay Mehta, Technical Research at JM Financial Services
JSW Cement | CMP: Rs 133.55
JSW Cement is forming a bullish structure with higher lows and higher highs, supported by a rising trendline. On June 11, it showed a bear trap pattern. In recent sessions, the stock has sustained above all key moving averages including the 200-day EMA, indicating inherent strength.
Momentum and trend indicators are supporting a bullish bias. The latest session saw an attempt to break above the narrow 7-8 day range, showing buyers are trying to regain momentum. Volume has been building positively, reflecting good accumulation.
Strategy: Buy
Target: Rs 149, Rs 154
Stop-Loss: Rs 126
Trident | CMP: Rs 26.45
Trident has broken out above a long-term sloping trendline on the weekly chart that was in place since January 2024. After multiple rejections, the stock finally sustained and closed above this trendline last week and is now giving follow-through strength.
Volume is building positively, and an inverse head-and-shoulders pattern is visible on the momentum indicator. On the daily chart, the price has sustained above the 200-day EMA with strong volume, showing healthy participation. Momentum and trend indicators support a bullish bias.
Strategy: Buy
Target: Rs 28.9, Rs 30
Stop-Loss: Rs 24
Castrol India | CMP: Rs 185.37
Castrol is forming a bullish structure with higher lows and higher highs. The stock has an inverse correlation with crude oil — as crude remains weak, Castrol is showing strength. Recently, it has broken out above a consolidative channel with rising volume and is now trading above its 20-day and 50-day EMAs, signaling building short-to-medium-term momentum.
Momentum and trend indicators are supporting a bullish bias. A strong move is expected once price sustains above Rs 189.6. Adding at CMP and more above Rs 189.6 will be preferred strategy to maintain good risk to reward.
Strategy: Buy
Target: Rs 195, Rs 200
Stop-Loss: Rs 181.99
Osho Krishan, Chief Manager - Technical & Derivative Research at Angel One
Kotak Mahindra Bank | CMP: Rs 409
Kotak Mahindra Bank has staged a strong recovery over the past few weeks, decisively reclaiming its 20-day EMA following a prolonged corrective phase. The stock has recently surged above its 200-day EMA, supported by positive crossovers among shorter-term moving averages, indicating strengthening momentum.
Furthermore, the formation of a bullish flag pattern on the charts, backed by supportive technical indicators, reinforces the constructive outlook and suggests the potential for further upside in the near term. Hence, the buying is recommended around Rs 405-400.
Strategy: Buy
Target: Rs 435, Rs 440
Stop-Loss: Rs 382
Inox Green Energy Services | CMP: Rs 204.15
Inox Green Energy Services has witnessed a strong resurgence from the Rs 135 zone, marking a notable recovery and reclaiming key moving averages across multiple timeframes. The stock appears to be forming a bullish Inverted Head & Shoulders pattern and has recently broken above its immediate swing high.
Furthermore, multiple positive EMA crossovers reinforce the improving technical structure, indicating a favourable outlook and strengthening bullish momentum. The buying is recommended in the stock around Rs 200.
Strategy: Buy
Target: Rs 220, Rs 228
Stop-Loss: Rs 185
Disclaimer: The views and investment tips expressed by experts on Moneycontrol are their own and not those of the website or its management. Moneycontrol advises users to check with certified experts before taking any investment decisions.