Equity benchmarks bounced back by a third of a percent after three days of weakness, with improving market breadth. A total of 1,470 shares saw buying interest compared to 1,111 shares that declined on the NSE. Market sentiment may improve further with the fall in India VIX and amid hopes of a 25 bps cut in the repo rate in the policy meeting on June 6. Below are some short-term trading ideas to consider:
Jatin Gedia, Technical Research Analyst at Mirae Asset Sharekhan
JSW Infrastructure | CMP: Rs 292.9
JSW Infrastructure has broken out of a Descending Triangle pattern on the daily charts. The daily momentum indicator has a positive crossover, which is a buy signal. We expect the positive momentum to continue.
Strategy: Buy
Target: Rs 306, Rs 315
Stop-Loss: Rs 286
Dabur India | CMP: Rs 491.85
Dabur has broken out of a triangle pattern on the upside. Bollinger Bands have begun to expand, suggesting range expansion. A rise in volume in the direction of the trend suggests positive momentum is likely to continue.
Strategy: Buy
Target: Rs 519
Stop-Loss: Rs 483
Sudeep Shah, Deputy Vice President and Head of Technical and Derivative Research at SBI Securities
RITES | CMP: Rs 295.55
On Wednesday, railway stocks stood out as strong outperformers against the broader market. RITES has given a bullish Pennant pattern breakout on a daily scale, which is a continuation pattern that typically signals a resumption of the prevailing uptrend. Notably, this breakout was accompanied by volume above the 50-day average, reinforcing the strength and reliability of the move.
Technically, the stock is positioned firmly above both its short-term and long-term moving averages, which are in rising mode — an indication of sustained bullish momentum. Adding to the strength, the daily RSI recently formed a base around the 62–60 zone and has rebounded smartly, which is a bullish sign as per RSI range shift rules. Hence, we recommend accumulating the stock in the zone of Rs 296–294 with a stop-loss of Rs 286. On the upside, it is likely to test the level of Rs 315 in the short term.
Strategy: Buy
Target: Rs 315
Stop-Loss: Rs 286
APL Apollo Tubes | CMP: Rs 1,894.4
APL Apollo Tubes marked a low of Rs 1,272 in February 2025 and thereafter started marking a sequence of higher tops and higher bottoms along with robust volume. On Wednesday, the stock gave a consolidation breakout on a daily scale. This breakout is confirmed by robust volume. In addition, it has formed a sizeable bullish candle, which adds strength to the breakout.
The moving averages and momentum-based indicators suggest strong bullish momentum in the stock. Hence, we recommend accumulating the stock in the zone of Rs 1,900–1,880 with a stop-loss of Rs 1,830. On the upside, it is likely to test the level of Rs 2,050 in the short term.
Strategy: Buy
Target: Rs 2,050
Stop-Loss: Rs 1,830
Lloyds Metals and Energy | CMP: Rs 1,498.9
Over the past two trading sessions, Lloyds Metals and Energy has displayed strong bullish momentum, signaling renewed investor interest. What makes this upmove more significant is the support of rising volumes, indicating that the rally is backed by robust participation rather than speculative spikes. On Wednesday, the stock went on to mark a fresh all-time high, reaffirming the strength of the current trend.
Technical indicators further validate this bullish setup. Both momentum indicators and oscillators are pointing towards continued upward strength, suggesting that the stock may have more room to run in the near term. The combination of a price breakout, volume expansion, and positive indicator alignment paints a strong technical picture. Hence, we recommend accumulating the stock in the zone of Rs 1,505–1,495, with a stop-loss at Rs 1,450. On the upside, it is likely to test the level of Rs 1,600 in the short term.
Strategy: Buy
Target: Rs 1,600
Stop-Loss: Rs 1,450
Rupak De, Senior Technical Analyst at LKP Securities
PB Fintech | CMP: Rs 1,841.4
PB Fintech has moved up following a period of consolidation on the daily timeframe, indicating renewed optimism. It continues to sustain above the 200-day moving average, which supports a bullish trend. Additionally, the RSI has formed a bullish crossover. Overall sentiment remains positive, with the stock having the potential to move towards Rs 1,950 in the short term. A long position can be initiated with a stop-loss placed below Rs 1,784.
Strategy: Buy
Target: Rs 1,950
Stop-Loss: Rs 1,784
Container Corporation of India | CMP: Rs 805
Container Corporation of India is forming a higher high, higher low structure and has recently broken out of a brief consolidation on the daily chart. The trend appears strong, with the price moving above the 200-day moving average. A bullish crossover and a rising RSI add strength to the setup. The sentiment remains positive, with the stock likely to move towards Rs 860 in the short term. A long position can be initiated with a stop-loss below Rs 774.
Strategy: Buy
Target: Rs 860
Stop-Loss: Rs 774
Sobha | CMP: Rs 1,516
Sobha has been forming higher highs and higher lows, and recently confirmed a breakout from a falling wedge pattern on the daily chart. The trend has turned positive with the stock moving above the 200-day moving average. The RSI is in a bullish crossover and continues to rise, supporting the bullish bias. The overall sentiment remains strong, with the potential for the stock to reach Rs 1,700 in the near term. A long position can be initiated with a stop-loss placed below Rs 1,449.
Strategy: Buy
Target: Rs 1,700
Stop-Loss: Rs 1,449
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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