Equity benchmarks gained 0.4 percent on September 12, continuing their upward journey for the eighth consecutive session. The market was slightly in favour of advances, as about 1,407 shares saw buying interest compared to 1,378 shares that corrected on the NSE. The market may consolidate, but overall, the trend remains favourable for bulls. Below are some short-term trading ideas to consider:
Rajesh Palviya, Senior Vice President Research (Head Technical Derivatives) at Axis Securities
NMDC | CMP: Rs 76.47
On the weekly chart, NMDC has confirmed a past one-year down-sloping trendline breakout at Rs 75 levels on a weekly closing basis, indicating a short-term trend reversal. Over the past couple of weeks, rising volumes have signified increased participation. The daily, weekly, and monthly strength indicator RSI indicates rising strength.
The stock is well-placed above its 20-, 50-, 100-, and 200-day SMAs, which reconfirms a bullish trend. These averages are also inching up along with the price rise, reinforcing the bullish trend. The daily Bollinger Bands buy signal indicates increased momentum.
Strategy: Buy
Target: Rs 82, Rs 86
Stop-Loss: Rs 73
Titagarh Rail Systems | CMP: Rs 927.5
On the daily and weekly charts, Titagarh Rail Systems has witnessed a short-term trend reversal. It has also confirmed a down-sloping trendline breakout at Rs 875 levels, accompanied by huge volumes. This buying momentum was observed around the 30-week SMA support zone (Rs 832), which remains a significant support. The daily Bollinger Bands buy signal indicates increased momentum. The daily, weekly, and monthly RSI indicators show rising strength.
Strategy: Buy
Target: Rs 1,000, Rs 1,075
Stop-Loss: Rs 898
Osho Krishan, Chief Manager - Technical & Derivative Research at Angel One
Astra Microwave Products | CMP: Rs 1,085.90
Astra Microwave Products showed a strong movement in the last trading session, bouncing off the cluster of short-term EMAs on the daily chart, supported by high trading volumes. Recently, the stock retraced to the neckline of the breakout, aligning with the 20-week EMA, suggesting it is likely to regain momentum. Additionally, the alignment of momentum indicators, along with a positive crossover in the 14-week RSI, indicates the potential for sustained momentum in the near future.
Strategy: Buy
Target: Rs 1,200, Rs 1,240
Stop-Loss: Rs 1,000
Lupin | CMP: Rs 2,043.4
Lupin has recently undergone a notable resurgence, marked by a multi-week breakout observed on the daily chart. The stock has ascended above the 200-day SMA and has also demonstrated a positive crossover between the 20-day and 50-day DEMA. Furthermore, the stock has shown early indicators of a trend reversal on the SuperTrend indicator, bolstering the bullish outlook. In addition, the MACD signal line has experienced a positive crossover near the zero line, contributing to the overall bullish sentiment.
Strategy: Buy
Target: Rs 2,150, Rs 2,160
Stop-Loss: Rs 1,920
Samvardhana Motherson International | CMP: Rs 104.69
Samvardhana Motherson International has shown a notable increase over the past week, with a rise exceeding 10 percent, culminating in a sloping trendline breakout on the daily charts. This upward movement has been supported by positive crossovers among the short- and medium-term EMAs. Moreover, the stock exhibits a Double Bottom formation within its daily chart structure, signaling substantial underlying strength. The optimistic outlook is further enhanced by a positive crossover observed in the 14-day RSI and the MACD, collectively reinforcing the bullish sentiment.
Strategy: Buy
Target: Rs 116, Rs 118
Stop-Loss: Rs 92
Anshul Jain, Head of Research at Lakshmishree Investments
GMDC | CMP: Rs 569.85
GMDC has completed a massive 412-day rounding bottom pattern and delivered a bullish breakout above Rs 480, followed by a sharp rally. The breakout structure is strong and projects an immediate target near the Rs 800 zone. All key moving averages, along with monthly and quarterly VWAP (Volume Weighted Average Price) levels, are positively aligned, reinforcing the bullish outlook. The stock is well-positioned for a large move, supported by strong momentum and favourable technical alignment. Any dips in the coming weeks should be treated as accumulation opportunities, provided there is bullish price action evidence at support levels.
Strategy: Buy
Target: Rs 800
Stop-Loss: Rs 500
Neuland Laboratories | CMP: Rs 16,049
Neuland Laboratories has formed a 169-day-long Cup and Handle pattern and confirmed a bullish breakout supported by strong price–volume action. The volume profile clearly shows institutional accumulation, with heavy buying on up days and dried-up selling on down days. The breakout candle was accompanied by a large volume spike, signaling strong participation from bulls. Both daily and weekly moving averages are positively aligned and acting as a launchpad for sustained upside momentum. Momentum indicators also remain firmly bullish, suggesting the stock is poised for a sharp follow-through rally in the near term.
Strategy: Buy
Target: Rs 18,500
Stop-Loss: Rs 15,000
Gujarat Pipavav Port | CMP: Rs 161.28
Following a sharp move of 30.34% in just 22 sessions, Gujarat Pipavav Port has been consolidating for the past 66 days, forming a bullish flag pattern characterized by low-volume declines and high-volume advances—a classic sign of healthy accumulation. Friday’s price action, marked by a strong bullish candle with significant volume, acts as a precursor to a potential breakout. With all daily and weekly moving averages aligned positively and momentum indicators supporting further upside, GPPL looks well-positioned to resume its uptrend and extend the rally meaningfully.
Strategy: Buy
Target: Rs 185
Stop-Loss: Rs 150
Disclaimer: The views and investment tips expressed by experts on Moneycontrol are their own and not those of the website or its management. Moneycontrol advises users to check with certified experts before taking any investment decisions.
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