Trade Spotlight: How should you trade Ajanta Pharma, Hyundai Motor India, Max Healthcare Institute, Nelcast, Cera Sanitaryware and others on June 13?

Top Buy Ideas for Short Term

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26 Aug, 2025 12:21

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The benchmark indices corrected sharply after six consecutive days of gains, falling by 1 percent on June 12 due to profit booking. Market breadth was dominated by bears, with 1,945 shares declining versus 660 advancing shares on the NSE. The market may attempt a rebound amid likely range-bound trading in the upcoming session, but the sustainability is the key watch. Below are some short-term trading ideas to consider. Below are some short-term trading ideas to consider:

Ajanta Pharma broke out of its short-term consolidation range in the previous session, backed by robust volume. The stock is now trading comfortably above the 9-day, 20-day, and 50-day EMAs, and is approaching its 200-day SMA. The daily RSI has surged to 64 and is trending upward, without entering the overbought territory, indicating there is ample momentum for a continued upmove.

The MACD has triggered a bullish crossover above the signal line, with expanding histogram bars, which highlights a positive setup. The breakout is further confirmed by a volume spike — the highest in over a month. Overall, the trend remains bullish with a higher low structure intact, supporting the possibility of further gains.

Strategy: Buy

Target: Rs 2,870

Stop-Loss: Rs 2,640

Hyundai Motor India is inching closer to the psychological mark of Rs 2,000. The stock has been in a steady uptrend, forming a sequence of higher highs and higher lows while consistently respecting short-term moving averages. It is currently trading well above its 20-day SMA.

The RSI stands at 68 with a positive slope, indicating sustained strength. The MACD has crossed above its signal line and remains in positive territory, with the histogram gradually expanding, which supports the ongoing bullish tone. The ADX is at 24, suggesting the trend is gaining strength following a period of consolidation. Healthy volume activity in recent sessions further supports the ongoing rally.

The stock is now approaching a minor supply zone, and a sustained close above Rs 1,980–?2,000 could unlock further upside potential.

Strategy: Buy

Target: Rs 2,130

Stop-Loss: Rs 1,900

Cera Sanitaryware has continued its recovery and is now holding above the key Rs 7,000 mark. The stock recently broke out of a consolidation zone with a strong green candle, signaling renewed momentum supported by rising volumes. The formation of higher highs further confirms the bullish trend.

It is trading well above its 9-day, 20-day, and 50-day EMAs and has also reclaimed its 200-day SMA. The RSI has improved to 73 and remains comfortably positioned, while the ADX at 43 reflects firm trend strength. A rising +DI line confirms bullish dominance. Increased volume over the past few sessions lends additional support to the uptrend. A breakout above Rs 7,070 could likely extend the rally further.

Strategy: Buy

Target: Rs 7,400

Stop-Loss: Rs 6,780

Max Healthcare Institute remains comfortably positioned above all its key moving averages — including short-term, medium-term, and long-term EMAs — reflecting a robust technical structure. On the daily chart, the stock is forming an Ascending Triangle pattern, a bullish continuation formation that suggests the potential for a fresh upward breakout after a phase of consolidation near the highs.

The recent price action indicates that the stock is on the verge of breaking out of this consolidation range. The structure is further supported by a consistent rise in trading volumes, highlighting accumulation during the consolidation phase. The RSI is at 60.73 and is showing signs of an upward reversal, supporting the ongoing bullish sentiment.

The stock’s ability to hold above its critical EMAs reinforces its strength and aligns with the broader positive momentum. From a price action standpoint, it is transitioning from a tight rangebound phase to a potential breakout zone, making the setup attractive from a risk-reward perspective. A decisive and sustained move above the triangle resistance could trigger a fresh rally in the short term.

Strategy: Buy

Target: Rs 1,325

Stop-Loss: Rs 1,140

Shanthi Gears has been consolidating in a broad range after experiencing a sharp 43 percent correction from its peak. Following this decline, the stock has begun to recover, bouncing from lower levels and currently trading within a narrow consolidation band — suggesting potential accumulation.

On the daily chart, the stock is hovering near the upper boundary of a falling trendline and appears poised to break out of both the narrow range and the descending resistance line. A sustained move above the Rs 535 level would confirm the breakout and could open the path toward a short-term target of Rs 580.

Momentum indicators also favour the bullish outlook. The RSI stands at 63.50 and is trending upward, indicating growing buying interest. The stock is trading comfortably above all its key moving averages — short-term, medium-term, and long-term — reinforcing a bullish alignment across timeframes.

From a technical perspective, Shanthi Gears is transitioning from a prolonged consolidation to a breakout zone, with price structure and improving momentum indicators strengthening the case for further upside.

Strategy: Buy

Target: Rs 580

Stop-Loss: Rs 496

Nelcast has recently shown signs of a trend reversal after being in a prolonged downtrend, marked by a series of lower highs and lower lows. This structure was broken decisively, signaling a shift in sentiment.

Following the breakout from the descending pattern, the stock entered a brief consolidation phase and is now forming a Bullish Pennant pattern — a continuation setup that typically points to further upside. The stock is on the verge of breaking out of this pennant formation, supported by a noticeable increase in trading volumes, which adds credibility to the bullish move.

Momentum indicators are aligned with this outlook. The RSI is at 65.44, showing strength and signaling a potential positive crossover. Nelcast is trading comfortably above all its key moving averages — across short-, medium-, and long-term timeframes — indicating strong technical alignment.

From both price action and volume perspectives, the stock appears poised for an upward breakout from the pennant pattern, with momentum and technical structure reinforcing the likelihood of a continuation rally.

Strategy: Buy

Target: Rs 153

Stop-Loss: Rs 130