Trade Spotlight: How should you trade SRF, Vodafone Idea, Hindustan Zinc, BPCL, IDFC First Bank, and others on December 15?

Top Buy Ideas for December 15

The benchmark indices maintained their upward journey for another session, rising more than half a percent on December 12, supported by healthy market breadth. A total of 1,878 shares advanced compared to 947 declining shares on the NSE. The market is expected to remain range-bound, with last week’s support acting as a key base. Below are some short-term trading ideas to consider:

SRF | CMP: Rs 3,023.6

Over the past one year, SRF has been consolidating within the Rs 2,800–3,300 range, representing a medium-term sideways trend. In the past couple of weeks, the stock has witnessed a strong rebound from the lower-end support zone around Rs 2,800. In addition, it has confirmed an inverse head-and-shoulders formation at Rs 2,960 on a closing basis, accompanied by huge volumes, indicating a positive bias.

The stock is well placed above its 20-, 50-, 100- and 200-day SMAs, which reconfirms the bullish trend. The daily Bollinger Bands buy signals signify increased momentum. The daily and weekly strength RSI is in positive territory, signalling rising strength.

Strategy: Buy

Target: Rs 3,150, Rs 3,250

Stop-Loss: Rs 2,960

Vodafone Idea | CMP: Rs 11.64

On the daily and weekly time frames, Vodafone Idea is trending higher, forming a series of higher tops and bottoms, which indicates a strong uptrend. In addition, it has confirmed a rounding bottom breakout at the Rs 11 level on a closing basis, along with huge volumes.

The stock is well placed above its 20-, 50-, 100- and 200-day SMAs, and these averages are also inching up along with rising prices, which reconfirms the bullish trend. The daily, weekly and monthly strength RSI is in positive territory, signalling rising strength.

Strategy: Buy

Target: Rs 14, Rs 16

Stop-Loss: Rs 11

Hindustan Zinc | CMP: Rs 561.65

On the weekly chart, Hindustan Zinc has confirmed a trendline breakout at the Rs 528 level, accompanied by huge volumes, indicating bullish sentiment. The daily and weekly Bollinger Band buy signals signify increased momentum.

The daily and weekly strength RSI is in positive territory, signalling rising strength. The stock is well placed above its 20-, 50-, 100- and 200-day SMAs, and these averages are also inching up along with rising prices, which reconfirms a bullish trend.

Strategy: Buy

Target: Rs 610, Rs 660

Stop-Loss: Rs 530

Bharat Petroleum Corporation | CMP: Rs 365

At the start of November, BPCL confirmed a long-term breakout near the Rs 355 zone and swiftly advanced towards Rs 380. Over the past few weeks, prices retraced back to the breakout area, where they found strong support near the 50-DEMA.

On Friday, after forming a base at these levels, the stock witnessed a sharp rebound, signalling a resumption of the primary uptrend. The daily chart shows a strong open-low Marubozu formation at key support, backed by robust bullish volumes. Hence, we recommend buying BPCL around Rs 365–360.

Strategy: Buy

Target: Rs 395

Stop-Loss: Rs 350

Granules India | CMP: Rs 574.5

Since August, Granules India has been in a strong uptrend, with every minor dip towards the 50-DEMA being actively bought. Multiple price patterns are developing in the counter. On the daily chart, prices have already confirmed a range breakout, while on the weekly chart, the stock is on the verge of completing an inverse head-and-shoulders formation.

With momentum indicators such as the RSI well placed and prices trading above all key moving averages, the breakout appears imminent, and a strong momentum move is likely in the near term. Hence, we recommend buying Granules India around Rs 574–570.

Strategy: Buy

Target: Rs 610

Stop-Loss: Rs 554

IDFC First Bank | CMP: Rs 82.3

Over the past couple of months, IDFC First Bank had been consolidating within a defined range. However, on Friday, prices confirmed a range breakout, signalling a resumption of the primary uptrend. The breakout was accompanied by a strong bullish candle and a notable surge in volumes.

Additionally, a Bollinger Band breakout suggests that after a prolonged phase of consolidation, the stock is likely to enter a strong trending phase. The RSI, after forming a base near the 50 level, has turned upward and crossed above its smoothed average, reinforcing the buy signal. Hence, we recommend buying the stock around Rs 82–81.

Strategy: Buy

Target: Rs 88

Stop-Loss: Rs 79

Adani Energy Solutions | CMP: Rs 1,011.3

Adani Energy Solutions has delivered a decisive breakout from a 126-day cup-and-handle pattern, followed by a constructive 30-day base-on-base formation that held firmly on rising daily and weekly moving averages. This consolidation acted as trend continuation rather than exhaustion. The current weekly candle signals a pre-emptive breakout, while the daily chart confirms strength with a clean breach of the falling trendline near Rs 1,008.

Volume behaviour remains supportive, reflecting sustained institutional participation. The structure now offers a favourable risk–reward setup, with momentum pointing towards Rs 1,098 initially and an extension towards Rs 1,126 if follow-through sustains. Any dip towards rising averages should attract demand, keeping the broader trend firmly bullish.

Strategy: Buy

Target: Rs 1,098, Rs 1,126

Stop-Loss: Rs 970

Ratnaveer Precision Engineering | CMP: Rs 159.48

Ratnaveer has been coiling into a tightening triangle since May 2025, reflecting sustained compression and energy build-up. The recent sell-off attempt on heavy volume failed to break the triangle base, signalling seller exhaustion and desperate distribution getting absorbed. This failed breakdown sharpens the bullish risk–reward.

A decisive breakout above Rs 163.5 would likely force aggressive short covering and fresh momentum buying, opening an immediate upside towards the Rs 195–200 zone. Volume behaviour supports accumulation rather than distribution. The setup remains constructive as long as the price holds above the Rs 148–150 support band, which acts as the clear invalidation level. Until then, the structure favours an expansion-led move higher once resistance gives way.

Strategy: Buy

Target: Rs 195, Rs 200

Stop-Loss: Rs 154