The benchmark indices made a strong start to the week, with the Nifty 50 recording a 3.82 percent rally on May 12—the biggest single-day gain since February 2021—accompanied by strong market breadth. A total of 2,414 shares saw buying interest compared to 239 declining shares on the NSE. Overall, the trend remains positive, though some profit booking and consolidation in the upcoming sessions can't be ruled out after the robust gains of the previous session. Below are some short-term trading ideas to consider:
Vidnyan S Sawant, Head of Research at GEPL Capital
Infosys | CMP: Rs 1,626.9
Infosys is showing signs of a recovery trend on the monthly chart, forming a higher bottom pattern. The long lower wick in April indicates strong buying interest, followed by a bullish candle this month that has closed above the previous month's high—signaling continued positive sentiment. On the weekly timeframe, the stock has formed a triple bottom and is now creating higher highs and higher lows, reflecting a trend reversal. The RSI (Relative Strength Index) has moved above its 9-period average after emerging from the oversold zone, indicating improving momentum.
Strategy: Buy
Target: Rs 1,806
Stop-Loss: Rs 1,545
Info Edge India | CMP: Rs 1,476
Info Edge India (Naukri) has shown strong price structure development on the monthly chart, with the previous resistance zone now acting as a support level. The stock has also witnessed a bullish mean reversion from the 26-month EMA. On the weekly scale, it has rebounded from the 61.80% Fibonacci retracement of the prior upmove from Rs 781 to Rs 1,817 and has recently broken above a three-week high, reinforcing the bullish outlook.
Strategy: Buy
Target: Rs 1,653
Stop-Loss: Rs 1,400
BHEL | CMP: Rs 232.95
Bharat Heavy Electricals (BHEL) has displayed a bullish polarity shift on the monthly timeframe, where the previous resistance zones from 2012 and 2015 have now turned into a support area. This support also aligns with a bullish mean reversion near the 34-month EMA, from which the stock has shown positive price action with a higher low formation. On the weekly scale, the Super Trend indicator has turned bullish, and the RSI is inching higher—currently at 54—indicating improving momentum.
Strategy: Buy
Target: Rs 272
Stop-Loss: Rs 219
APL Apollo Tubes | CMP: Rs 1,712.8
APL Apollo Tubes is maintaining a strong uptrend on the monthly chart, forming higher highs and sustaining above its 12- and 26-week EMAs—reflecting long-term strength and buyer support on dips. On the weekly timeframe, the stock has broken out of a downward-sloping channel with a bullish candlestick and a volume surge above the 10-week average, signaling renewed buying interest.
Supporting indicators such as a bullish MACD (Moving Average Convergence Divergence) crossover and an RSI rising toward 60 further confirm building momentum and suggest potential for continued upside.
Strategy: Buy
Target: Rs 2,054
Stop-Loss: Rs 1,592
Jigar S Patel, Senior Manager - Equity Research at Anand Rathi
Tata Technologies | CMP: Rs 701
Tata Technologies is approaching a significant technical juncture, supported by the alignment of critical time cycles and Fibonacci ratios. The ongoing setup fits within a 35–36-week cycle, resonating with the Fibonacci number 34—often linked with cyclical turning points. The correction from A to B was 30%, followed by a 47.45% drop from C to D, giving a ratio of 1.58—close to the Golden Ratio (1.618). In absolute terms, the price correction from C to D (Rs 539) versus A to B (Rs 416.60) yields a 1.27 ratio, again aligning with the Golden Ratio. Additionally, RSI bull divergence was observed on the daily scale, adding further confirmation. Traders may consider entering long positions in the Rs 690–705 zone, with an upside target of Rs 750.
Strategy: Buy
Target: Rs 750
Stop-Loss: Rs 670
Cyient | CMP: Rs 1,258.4
Cyient is nearing a crucial technical zone that signals a potential trend reversal, supported by both time cycle and Fibonacci harmony. The stock is currently aligning with a 34-week time cycle, which corresponds to the Fibonacci number 34—often associated with key turning points in harmonic analysis.
From a Fibonacci percentage standpoint, the decline from A to B was 32.18%, while the C to D correction was 49.43%. Their ratio (1.536) is close to the Golden Ratio (1.618), and its inverse (0.651) aligns with 0.618. In terms of price symmetry, the A–B fall of Rs 778.75 and the C–D drop of Rs 1,059.55 yield a ratio of 1.36—again near 1.618—confirming harmonic balance and a high-probability reversal zone. Traders may consider entering long positions in the Rs 1,245–1,260 zone.
Strategy: Buy
Target: Rs 1,400
Stop-Loss: Rs 1,170
Birlasoft | CMP: Rs 420.45
Birlasoft appears to evolve around a 427-calendar-day cycle, which aligns closely with a Gann Square of 144 (i.e., 144 × 3 = 427). This time confluence is forming near a major support level at Rs 330, adding strength to the view that this level could potentially mark a significant bottom. The alignment of time and price makes this a critical level to monitor for a possible trend reversal.
Furthermore, on the daily chart, an Inverse Head & Shoulders pattern has formed and the neckline has been breached with strong volume. Traders may consider entering long positions in the Rs 425–415 range.
Strategy: Buy
Target: Rs 510
Stop-Loss: Rs 375
Riyank Arora, Technical Analyst at Mehta Equities
Chalet Hotels | CMP: Rs 870
Chalet Hotels has given a strong breakout from its triangular consolidation pattern, accompanied by a sharp surge in volumes. The RSI (14) on the daily timeframe is at 62, indicating strong momentum and underlying strength. The MACD has witnessed a bullish crossover, suggesting the stock can move towards Rs 925 and higher levels. A strict stop-loss at Rs 850 should be maintained to manage risk effectively.
Strategy: Buy
Target: Rs 925
Stop-Loss: Rs 850
Adani Ports and Special Economic Zone | CMP: Rs 1,362.1
Adani Ports has given a strong breakout above its immediate resistance level of Rs 1,300, and is showing clear signs of momentum and strength. With RSI (14) positioned at 68, the momentum appears robust, and the stock looks poised for an upside move toward Rs 1,500 and beyond. The MACD also signals strong momentum. A strict stop-loss at Rs 1,290 should be maintained for risk management.
Strategy: Buy
Target: Rs 1,500
Stop-Loss: Rs 1,290
Motilal Oswal Financial Services | CMP: Rs 736.1
Motilal Oswal has broken out above its immediate resistance level of Rs 704.65, supported by a sharp surge in volumes. The RSI (14) is placed at 61, indicating strong momentum, while the MACD shows a positive crossover, adding credibility to the breakout. An upside target of Rs 780 and above is expected, with a stop-loss at Rs 700 to limit downside risk.
Strategy: Buy
Target: Rs 780
Stop-Loss: Rs 700
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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