Bulls were back in action after a day’s break, driving the benchmark indices around 0.6 percent higher and pushing the Nifty 50 beyond the 26,000 zone despite negative market breadth. About 1,581 shares saw a correction against 1,253 rising shares on the NSE. The healthy momentum and technical indicators may drive the market beyond the October high. Below are some short-term trading ideas to consider:
Nilesh Jain, Head – Technical and Derivatives Research Analyst (Equity Research) at Centrum Broking
Sun Pharmaceutical Industries | CMP: Rs 1,784.1
Sun Pharma has broken out of a descending triangle pattern at Rs 1,750 and ended the session decisively above that level. The breakout was supported by higher-than-average volumes, adding conviction to the bullish outlook.
On the downside, the 21-DMA near Rs 1,710 should act as immediate support and help absorb any minor dips. Derivatives data also shows a strong build-up of long positions, further boosting positive sentiment. Overall, the stock is poised to move toward the Rs 1,925 zone in the near term.
Strategy: Buy
Target: Rs 1,925
Stop-Loss: Rs 1,710
PB Fintech | CMP: Rs 1,850.7
PB Fintech has staged a breakout from a symmetrical triangle pattern on the daily chart and is now trading above both its short- and long-term moving averages. Derivatives data indicates a fresh build-up of long positions, adding to the constructive view.
Technically, the RSI crossing above 50 further validates the strengthening bullish momentum. With this setup, the stock appears well-positioned for an upside move toward the Rs 1,950 level, while immediate support is placed around Rs 1,785.
Strategy: Buy
Target: Rs 1,950
Stop-Loss: Rs 1,785
Titan Company | CMP: Rs 3,933.1
Titan Company has posted a decisive multi-year breakout, backed by higher-than-average volumes that confirm the strength of the move. The conservative upside target for this formation stands near Rs 4,220, while the 21-day moving average offers immediate support around Rs 3,780.
Its sustained position above all key short- and long-term moving averages further reflects strong, durable bullish momentum. The momentum indicators and oscillators are also in buy mode on the daily as well as weekly charts.
Strategy: Buy
Target: Rs 4,220
Stop-Loss: Rs 3,780
Sudeep Shah, Head - Technical and Derivatives Research at SBI Securities
Coforge | CMP: Rs 1,858.2
Coforge formed a strong bullish candle on the daily chart, mirroring the movement seen in the Nifty IT index, which ended as the top sectoral gainer with a 2.97 percent rise. The stock has gained around 8 percent since its sharp rebound from the 100-day EMA support zone of Rs 1,715–1,720 on November 7.
The DI+ crossing above DI– on the ADX indicates that buyers have regained control and that positive trend strength is building. The price has also closed above the upper Bollinger Band, signalling momentum expansion.
With the stock now settled near the Rs 1,860–1,866 swing high zone, current price action hints at a potential breakout and likely outperformance ahead. Hence, we recommend accumulating the stock in the Rs 1,860–1,840 zone.
Strategy: Buy
Target: Rs 1,985
Stop-Loss: Rs 1,790
ICICI Lombard General Insurance Company | CMP: Rs 2,041.7
ICICI Lombard has shown impressive strength after its sharp breakout on October 15. Since then, the stock has been consolidating within the Rs 2,065–1,965 range while maintaining a higher-high, higher-low structure, consistently respecting its 20-day EMA, which is acting as a strong dynamic support zone.
The stock has been settling near the upper Bollinger Band for four consecutive sessions, indicating persistent buying pressure and sustained upside momentum. Additionally, the shrinking MACD histogram bars suggest that bearish momentum is fading and the stock may be gearing up for a fresh upward swing.
With structure and indicators aligned positively, ICICI Lombard looks poised for a strong bullish continuation. Hence, we recommend accumulating the stock in the Rs 2,045–2,025 zone.
Strategy: Buy
Target: Rs 2,180
Stop-Loss: Rs 1,965
Rupak De, Senior Technical Analyst at LKP Securities
Nestle India | CMP: Rs 1,279
In the recent rally, Nestle India has surpassed a major resistance zone marked by multiple rejection levels, forming a Three White Soldiers pattern on the daily chart. Following this pattern, the price has retraced to the 38.20% Fibonacci retracement level, from where the stock appears to be preparing for a smart recovery.
The chart setup looks positive from a short-term perspective. A strong rally seems likely as long as the price does not fall below Rs 1,240, while on the higher side, a move toward Rs 1,370 may unfold in the short term.
Strategy: Buy
Target: Rs 1,370
Stop-Loss: Rs 1,240
Mahindra and Mahindra | CMP: Rs 3,722.5
Mahindra and Mahindra appears to be hovering within an expanding wedge on the daily chart, suggesting heightened price volatility. The recent downward consolidation looks like a pause before a potential rise in the short term. Additionally, the price has been sustaining above the 21 EMA on the daily chart, and the RSI has remained above 44 for the last seven months, pointing toward strong underlying momentum.
In the short term, a decent upside can be expected, with the stock likely to move toward Rs 3,870. On the lower end, support is placed at Rs 3,650.
Strategy: Buy
Target: Rs 3,870
Stop-Loss: Rs 3,650
Samvardhana Motherson International | CMP: Rs 112.16
Samvardhana Motherson has been moving within a rising channel on the daily timeframe, indicating a broader uptrend. The formation of meaningful higher bottoms suggests an ascending price pattern and supports long trades.
The recent price action also shows a consolidation breakout. The RSI is in a bullish crossover and trending higher. From a short-term perspective, the stock looks like a good buy with an upside target of Rs 122, while a stop-loss at Rs 108 should be maintained to manage risk.
Strategy: Buy
Target: Rs 122
Stop-Loss: Rs 108
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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