Equity benchmarks crashed 1 percent on August 26 with above-average volumes and dismal market breadth. A total of 2,171 shares saw selling pressure compared to 599 rising shares on the NSE. Overall, the bearish sentiment may prevail, and any bounce back may face selling pressure. Below are some short-term trading ideas to consider:
Amol Athawale, VP Technical Research at Kotak Securities
Dabur India | CMP: Rs 522.4
After sharp uptrend rally, Dabur witnessed bit of a selling pressure but eventually its downward momentum paused, and it has found support. However, on weekly charts the stock has formed cup and handle kind of formation and fresh breakout from the resistance zone is very likely to occur in the coming trading sessions. As long as the stock is trading above Rs 505, the bullish texture is likely to continue. Above which, the stock could move up to Rs 560.
Strategy: Buy
Target: Rs 560
Stop-Loss: Rs 505
Hyundai Motor India | CMP: Rs 2,492.4
Post decline from the higher levels, Hyundai Motor India rebounded from its retracement zone and witnessed a steady recovery from the lower levels. Additionally, on the daily charts, the stock has given a breakout from its sloping trendline. The up moves in the counter suggest a new leg of bullish trend from the current levels. For the next few trading sessions, Rs 2,410 could be the trend decider level for the bulls, if it sustains above the same, we can expect further uptrend towards Rs 2,670.
Strategy: Buy
Target: Rs 2,670
Stop-Loss: Rs 2,410
Tata Consumer Products | CMP: Rs 1,079.9
On the weekly charts, post decline from the higher levels, Tata Consumer Products rebounded from its short moving average support zone and witnessed a steady recovery from the lower levels. Additionally, the counter has given a breakout from its sloping channel formation. For positional traders, Rs 1,040 would be the decisive level. Trading above the same uptrend formation will continue till Rs 1,155. However, if it closes below Rs 1,040 traders may prefer to exit from trading long positions.
Strategy: Buy
Target: Rs 1,155
Stop-Loss: Rs 1,040
Ashish Kyal, CMT, Founder and CEO of Waves Strategy Advisors
Waaree Energies | CMP: Rs 3,265.3
In the previous session, post minor dip, Waaree Energies resumes its up move and managed to surge by more than 3% despite broader indices falling which is a strong bullish sign. On the daily chart, prices on August 14 found support of its upwards sloping trendline and has seen a rise of more than 17% since which highlights that bulls are increasing their take by each passing day.
As of now, prices are trading near its important resistance area of Rs 3,330 levels and now a break above it can further boost bullish momentum in the stock. Also, MACD has recently given a bullish crossover which acts like a double confirmation for our stance. Hence, the current trend for Waaree Energies looks to be on the positive side.
Strategy: Buy
Target: Rs 3,475, Rs 3,600
Stop-Loss: Rs 3,185
PVR Inox | CMP: Rs 1,139
PVR Inox continued to see higher high and higher low formation since start of August 2025. In the previous session, prices found support of the conversion line (blue) of the Ichimoku cloud and we saw a bounce on the upside of nearly 4% from day’s low of Rs 1,100 levels. At the end, stock managed to close above prior day’s high which is a positive sign. On the daily chart, stock is on the verge to give breakout of the bigger Rounding bottom pattern on the daily chart. Volumes have started top pick up and ADX is showing readings above 25 at 36 levels suggesting that good momentum is expected to continue.
Strategy: Buy
Target: Rs 1,200, Rs 1,250
Stop-Loss: Rs 1,100
Britannia Industries | CMP: Rs 5,765.5
In the previous session, FMCG sector managed to outshine while other sectors closed in red which is a strong bullish sign. Britannia Industries was the top performer in the sector and surged nearly 4%. Moreover, prices after 3 days of losing streak managed to close above its prior day’s high which highlights that bulls are getting active in the stock. Moreover, recently prices found support of its mid-Bollinger bands and bounced on the upside from it with which highlights buying pressure from lower levels.
For now, follow up price action is must for this bullish move to continue in the stock. Also, KST (Know Sure thing) indicator which helps to understand overall momentum in the stock. KST has just turned above signal line and now a break above the zero line can further boost bullish momentum in the stock.
Strategy: Buy
Target: Rs 5,980, Rs 6,140
Stop-Loss: Rs 5,620
Nagaraj Shetti, Senior Technical Research Analyst at HDFC Securities
SJVN | CMP: Rs 99.23
After witnessing a sharp upmove in the last week, SJVN has shifted into a consolidation phase so far this week. The stock price has moved above the crucial resistance of down sloping trendline at Rs 99 in last week and is trading slightly higher. Hence, there is a higher possibility of further extension of upside momentum in the coming week. Volume has started to expand during upside breakout in the stock price and weekly 14 period RSI shows positive indication.
Strategy: Buy
Target: Rs 109
Stop-Loss: Rs 94
RattanIndia Enterprises | CMP: Rs 58.2
The downward correction of the last 4-5 weeks seems to have completed, and the stock price of RattanIndia Enterprises formed an important reversal on the upside on Tuesday. The stock price has witnessed a decisive upside breakout of range movement at Rs 55 levels on Tuesday and closed higher. The weekly chart pattern indicates a formation of important bottom reversal at Rs 59.60 levels recently. The larger positive sequence like higher tops and bottoms is intact as per weekly timeframe chart. Volume has expanded on Tuesday during upside breakout in the stock price and the daily 14 period RSI shows positive indication.
Strategy: Buy
Target: Rs 65
Stop-Loss: Rs 55.50
Punjab National Bank | CMP: Rs 102.77
After showing a reasonable bounce back in the last few weeks, the PSU banking stock (PNB) has started to decline from the highs this week. We observe a formation of bearish larger degree lower top formation at Rs 108 recently, after a series of bullish higher tops and bottoms in the past. The stock price has started to break below the crucial support of 200-day EMA at Rs 104. The volume has expanded during downside breakout in the stock price on Tuesday and the daily 14 period RSI shows negative indication.
Strategy: Sell
Target: Rs 96
Stop-Loss: Rs 106
Disclaimer: The views and investment tips expressed by investment experts on Moneycontrol.com are their own and not those of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.
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