Trade Spotlight: How should you trade Titan, Aditya Birla Sun Life AMC, Triveni Engineering, Tata Consumer Products, Emami, and others on December 17?

Top Buy Ideas for December 17

The benchmark indices extended their downtrend for another session, falling over 0.6 percent on December 16, with weak market breadth. About 1,956 shares declined against 881 rising shares on the NSE. The market may remain range-bound, with support at the previous week’s low. Below are some short-term trading ideas to consider:

Tech Mahindra | CMP: Rs 1,578

After the remarkable up move, Tech Mahindra has been taking a breather over the last few sessions. The consolidation structure suggests a bullish continuation chart formation. Moreover, the stock comfortably closed above its short-term moving average.

Therefore, the stock is likely to resume its uptrend from the current levels in the coming horizon. As long as the stock is trading above Rs 1,520, the bullish texture is likely to continue, above which the stock could move up to Rs 1,680.

Strategy: Buy

Target: Rs 1,680

Stop-Loss: Rs 1,520

Cipla | CMP: Rs 1,499.6

After its declining trend, Cipla is in an accumulation zone, where it is trading in a range-bound mode on the daily scale. However, the recent formation of a doji-type candlestick pattern indicates a reversal. The stock is expected to break out of the range and witness bullish momentum from the current levels, with a favourable risk-reward perspective.

For the next few trading sessions, Rs 1,460 could be the trend-decider level for the bulls. If it sustains above the same, we can expect a further uptrend towards Rs 1,575.

Strategy: Buy

Target: Rs 1,575

Stop-Loss: Rs 1,460

Titan Company | CMP: Rs 3,929.5

Post its incredible up move and a breather over the last few sessions, Titan Company is gaining further traction for a fresh up move. The structure of the chart formation indicates a bullish continuation pattern, which is likely to persist in the near term.

For positional traders, Rs 3,790 would be the decisive level. Trading above the same, the uptrend formation will continue till Rs 4,200. However, if it closes below Rs 3,790, traders may prefer to exit from long positions.

Strategy: Buy

Target: Rs 4,200

Stop-Loss: Rs 3,790

Aditya Birla Sun Life AMC | CMP: Rs 769.75

On the daily chart, Aditya Birla Sun Life AMC has been forming a rounding bottom pattern, and in the previous session, prices managed to close above the neckline near Rs 768, confirming the breakout of the pattern. Since November 25, the stock has not closed below the prior day’s low, highlighting sustained buying interest from lower levels.

Bollinger Bands have started to expand, indicating rising volatility and the potential start of a trending move. Additionally, the KST indicator (Know Sure Thing) has crossed above its signal line (red), suggesting improving momentum. A further move above the zero line would strengthen the bullish outlook. For now, a decisive break above Rs 775 could trigger fresh buying, pushing prices towards Rs 805, followed by Rs 840. On the downside, Rs 745 is expected to act as a key support.

Strategy: Buy

Target: Rs 805, Rs 840

Stop-Loss: Rs 745

Triveni Engineering and Industries | CMP: Rs 373.25

On the daily chart, Triveni Engineering and Industries has been trading within a broad consolidation range of Rs 325 to Rs 380 since July 2025, indicating a phase of accumulation. Such prolonged sideways movement often precedes a strong directional move.

In the previous session, prices decisively broke above the Ichimoku cloud, signalling a positive shift in trend. Follow-up buying above this zone could further strengthen the upside momentum. Also, the MACD indicator has recently witnessed a bullish crossover, which acts as a double confirmation for this stance. For now, a sustained move above Rs 380 could trigger a trending move toward Rs 395, followed by Rs 410 levels. On the downside, Rs 365 is expected to act as the nearest support.

Strategy: Buy

Target: Rs 395, Rs 410

Stop-Loss: Rs 365

Tata Consumer Products | CMP: Rs 1,169.9

Tata Consumer Products has been in bullish momentum over the past few days and is forming a “W” pattern on the daily charts, currently placed near the lower zone of the pattern. The recent price action indicates that the bullish move is likely to resume after the recent retracement.

The Parabolic SAR is trading below the price action on the weekly charts, reflecting that the uptrend in the stock will remain intact in the medium term. The MACD is trading around the signal line with broadening bands on the daily charts, which suggests positive momentum in the counter.

Strategy: Buy

Target: Rs 1,215

Stop-Loss: Rs 1,152

Emami | CMP: Rs 542.35

Emami is trading within the cluster of its 21/50/100/200 EMAs, indicating strong trend continuation in the coming days with a positive bias. The price is holding near the mid-band of the Bollinger Band (20,2), confirming that bullish price expansion could occur towards the upper band.

Trading volume above average levels supports the momentum, while the RSI near 50 reflects healthy strength in the move. Overall, the structure remains positive for short-term upside traction, with key support placed near the Rs 519 zone.

Strategy: Buy

Target: Rs 594

Stop-Loss: Rs 519

Hindustan Copper | CMP: Rs 369.4

Hindustan Copper is trading above key trend-defining EMAs, maintaining an overall bullish bias in line with momentum in metal stocks in the recent past. The price remains close to the upper Bollinger Band, reflecting strength but appearing slightly extended.

RSI and MACD are exhibiting inherent strength on the daily charts, signalling buy signals across parameters. The structure supports short-term traders going long in the counter, with targets of Rs 500–505-plus in the near term.

Strategy: Buy

Target: Rs 508

Stop-Loss: Rs 352