Equity benchmark indices rebounded after four days of weakness, with the Nifty 50 rising 0.45 percent on July 15. Market breadth turned favourable for the bulls, with 1,774 shares advancing compared to 885 declining on the NSE. The market needs to reclaim and sustain above the 20-day EMA to witness a further northward journey in the upcoming sessions. Below are some short-term trading ideas to consider:
Amol Athawale, VP- Technical Research at Kotak Securities
Life Insurance Corporation of India | CMP: Rs 925.2
On the daily scale, following a gradual decline from recent highs, LIC is now trading near its short-term moving average. Decent volume activity indicates a potential revival of the bullish trend at current levels. For positional traders, Rs 890 is the key level. Sustaining above this level could lead the stock towards Rs 990. However, a close below Rs 890 may prompt traders to exit long positions.
Strategy: Buy
Target: Rs 990
Stop-Loss: Rs 890
Britannia Industries | CMP: Rs 5,785.5
Britannia is trading within a rising channel pattern, forming a higher high and higher low series on the weekly chart. The stock has shown a steady recovery from support levels. Additionally, the RSI indicator is pointing towards further upward momentum from current levels, which could reinforce the bullish sentiment. For the next few trading sessions, Rs 5,580 will be the trend-deciding level. If the stock sustains above this, it could move higher towards Rs 6,190.
Strategy: Buy
Target: Rs 6,190
Stop-Loss: Rs 5,580
Bank of Baroda | CMP: Rs 244.32
On the daily chart, after declining from higher levels, Bank of Baroda has rebounded from its 50-day simple moving average and witnessed a steady recovery. The stock has also broken out of a sloping channel pattern, suggesting a fresh leg of an uptrend. As long as it trades above Rs 235, the bullish structure is likely to persist. Above this, the stock could move towards Rs 260.
Strategy: Buy
Target: Rs 260
Stop-Loss: Rs 235
Ashish Kyal, CMT, Founder and CEO of Waves Strategy Advisors
Sun Pharmaceutical Industries | CMP: Rs 1,727.5
In the previous session, the pharma sector broke out above its prior swing high, indicating that bulls are regaining control. Sun Pharma is outperforming its peers in the sector. Last week, the stock respected its key support zone of Rs 1,645–1,650 and rebounded.
On the daily chart, prices have been consistently holding above the previous candle’s low on a closing basis, indicating buying interest. Additionally, Bollinger Bands have started to expand, with prices closing above the upper band—suggesting potential for strong upside momentum. Hence, the current trend remains bullish. Dips can be used as a buying opportunity, with targets of Rs 1,765 followed by Rs 1,820.
Strategy: Buy
Target: Rs 1,765, Rs 1,820
Stop-Loss: Rs 1,650
Blue Star | CMP: Rs 1,882.3
Blue Star is trading in a higher high, higher low formation. On the daily chart, the stock has been forming a classic rounding bottom pattern since April 2025, and in the previous session, it finally gave a breakout above the neckline at Rs 1,860. For the past two sessions, the stock has closed above the previous day’s high—another positive signal. Additionally, the ADX indicator is near 29, indicating the potential for strong upward momentum.
The trend currently favours the bulls. To sustain the positive momentum, the stock needs to hold above Rs 1,900, with potential targets at Rs 1,962 followed by Rs 2,030.
Strategy: Buy
Target: Rs 1,962, Rs 2,030
Stop-Loss: Rs 1,838
Hero MotoCorp | CMP: Rs 4,454
Hero MotoCorp rallied 4.8 percent in the previous session, accompanied by a sharp rise in volumes—the first notable increase since May 2025, which is a positive sign. On the daily chart, the stock has been trading in a broad range between Rs 4,158 and Rs 4,485 since May 2025. Earlier this week, prices took support at the lower end of the range and are now approaching the resistance zone.
A breakout above Rs 4,485 could reinforce the bullish sentiment. Additionally, the MACD is nearing a bullish crossover, although confirmation would require follow-up buying. The trend remains positive. Dips towards Rs 4,400–4,430 can be seen as buying opportunities, with targets of Rs 4,600 followed by Rs 4,810.
Strategy: Buy
Target: Rs 4,600, Rs 4,810
Stop-Loss: Rs 4,200
Nandish Shah, Senior Technical and Derivative Analyst at HDFC Securities
Acutaas Chemicals | CMP: Rs 1,190
Acuteas Chemicals has broken out of a downward-sloping trendline on the daily chart. The short-term trend is positive, as the stock is trading above its 5-day, 11-day, and 20-day EMAs. Accumulation is visible, with higher volumes on up days compared to down days over the past few weeks. Momentum indicators like RSI and MFI are rising and currently above 60 on the daily chart, indicating strength in the ongoing bullish trend.
Strategy: Buy
Target: Rs 1,290, Rs 1,335
Stop-Loss: Rs 1,100
Pennar Industries | CMP: Rs 238.48
Pennar Industries is in a strong uptrend, forming a bullish higher-top, higher-bottom structure on both the weekly and monthly charts. After a brief consolidation, the stock has resumed its uptrend, breaking out from a downward-sloping trendline on the daily chart, accompanied by higher volumes. Momentum indicators and oscillators continue to show strength in the prevailing bullish trend.
Strategy: Buy
Target: Rs 258, Rs 270
Stop-Loss: Rs 220
Religare Enterprises | CMP: Rs 268.2
Religare Enterprises has given a breakout on the weekly chart with strong volumes, closing at its highest level since the week ending January 17, 2025. Accumulation has been noticeable in recent sessions, with volumes significantly higher than the average. The primary trend has turned positive, with the stock price closing above its 200-day EMA—a key long-term indicator.
Strategy: Buy
Target: Rs 290, Rs 305
Stop-Loss: Rs 245
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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