Bulls retained their dominance, helping the benchmark indices post over 0.4 percent gains on August 19. The market breadth remained positive, with about 1,862 shares advancing compared to 862 declining shares on the NSE. The trend is expected to remain favourable for bulls despite a possible immediate consolidation following the recent rally. Below are some short-term trading ideas to consider:
Amol Athawale, VP Technical Research at Kotak Securities
Lodha Developers | CMP: Rs 1,257.8
After a short-term correction from higher levels, the downward momentum in Lodha Developers has halted, and the stock has consolidated over the past few sessions. On the daily charts, the counter has formed a rounding bottom chart formation and reversed its trend from an important demand zone. The structure suggests a revival of the uptrend from the current levels in the near future. For traders, Rs 1,210 would be the key support level to watch. Sustaining above this level, the uptrend structure could continue toward Rs 1,350.
Strategy: Buy
Target: Rs 1,350
Stop-Loss: Rs 1,210
Marico | CMP: Rs 728
Marico has shown a robust rally from lower levels in recent sessions. Additionally, it is continuously trading in an ascending triangle chart formation. This overall structure indicates a likely breakout for a new leg of an up move from current levels. For positional traders, Rs 695 would be the decisive level. Trading above this level, the uptrend could continue toward Rs 775. However, if it closes below Rs 695, traders may prefer to exit long positions.
Strategy: Buy
Target: Rs 775
Stop-Loss: Rs 695
Axis Bank | CMP: Rs 1,083.2
Following a decline from higher levels, Axis Bank has rebounded from its retracement zone and witnessed a steady recovery. Additionally, on the daily charts, the counter has given a breakout from its rangebound formation. The recent up move suggests a new leg of bullish trend. For the next few trading sessions, Rs 1,040 could act as the trend-decider level. If it sustains above this, a further uptrend toward Rs 1,160 can be expected.
Strategy: Buy
Target: Rs 1,160
Stop-Loss: Rs 1,040
Ashish Kyal, CMT, Founder and CEO of Waves Strategy Advisors
Krishna Institute of Medical Sciences | CMP: Rs 769.15
The stock has been moving up, forming higher highs and higher lows, which keeps the daily trend bullish as per Dow Theory. On August 11, prices found support at the upward-sloping trendline and saw an exponential rise of over 11%. Since then, not a single candle has closed below the prior day’s low, keeping the daily bias positive. Despite the sharp rally, the daily RSI is at a comfortable 60 level, giving enough room for further upside. Follow-up buying can potentially lift prices toward the swing high near Rs 800.
Strategy: Buy
Target: Rs 800, Rs 835
Stop-Loss: Rs 750
L&T Finance | CMP: Rs 217
In the previous session, L&T Finance made a lifetime high at Rs 217.65, outperforming its peers. Prices also broke above the previous swing high near Rs 215 with a gain of over 3%, indicating growing bullish momentum. The stock has broken out of the upper Bollinger Band with rising volumes over the past two sessions, confirming strength. Additionally, the MACD has recently given a bullish crossover, offering double confirmation. Given the sharp nature of the rise, dips should be used as buying opportunities rather than trying to catch the top. Targets are seen at Rs 222, followed by Rs 230.
Strategy: Buy
Target: Rs 222, Rs 230
Stop-Loss: Rs 208
Tube Investments of India | CMP: Rs 3,152.4
The stock has been forming a classic rounding bottom pattern on the daily chart since July 2025. In the previous session, it surged over 3% and closed above the neckline near Rs 3,140, signaling a breakout. For upward momentum to sustain, acceptance above Rs 3,175 is required.
Furthermore, the 15-period EMA and 30-period EMA have recently shown a bullish crossover, reinforcing a positive outlook. Over the past six trading sessions, prices have consistently protected the previous candle’s low on a closing basis, showing strength. A breakout above Rs 3,175 could trigger a fresh rally.
Strategy: Buy
Target: Rs 3,300, Rs 3,420
Stop-Loss: Rs 3,050
Vinay Rajani, Senior Technical and Derivative Analyst at HDFC Securities
Nippon India ETF Nifty Infrastructure BeES | CMP: Rs 945.65
After six weeks of decline, the Infra index appears to have resumed its primary uptrend. The ETF has reclaimed levels above the 50 DEMA and broken out from a bullish “Flag” pattern on the weekly chart, indicating a continuation of the long-term bullish trend.
Strategy: Buy
Target: Rs 1,000
Stop-Loss: Rs 910
Groww Nifty India Railways PSU ETF | CMP: Rs 35.01
Most railway stocks seem to have bottomed out, as oscillators have exited the oversold zone. The ETF has formed a strong base near Rs 34 over the past five trading sessions.
Strategy: Buy
Target: Rs 37.50
Stop-Loss: Rs 33.5
Edelweiss BSE Capital Markets & Insurance ETF | CMP: Rs 23.68
Capital Markets, AMC, and insurance themes appear to have gathered bullish momentum on the charts, which could benefit the Ecapinsure ETF. The price has broken out of a consolidation zone and is sustaining above key moving averages, further supporting the bullish outlook.
Strategy: Buy
Target: Rs 26
Stop-Loss: Rs 22
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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