The benchmark indices rebounded 0.4 percent on August 25 after nearly a percent loss in the previous session, but the market breadth remained weak. About 1,493 shares declined compared to 1,298 advancing shares on the NSE. The market is likely to consolidate further until it decisively gets back above last Thursday's high. Below are some short-term trading ideas to consider:
Mehul Kothari, AVP - Technical Research at Anand Rathi Shares & Securities
Exide Industries | CMP: Rs 400.25
Over the past few weeks, Exide Industries consolidated within the Rs 375–395 zone. In the previous week, the stock delivered a decisive breakout above this range, piercing the prevailing bearish trendline on strong volumes and sustaining well above Rs 395. On the weekly RSI, the indicator has crossed its long-standing resistance at 50 and is currently positioned near 56, lending further confirmation to the bullish momentum. Traders may consider entering long positions in the Rs 400–398 zone.
Strategy: Buy
Target: Rs 445
Stop-Loss: Rs 375
Tata Consultancy Services | CMP: Rs 3,140.6
Tata Consultancy Services (TCS) has declined nearly 12.32% since mid-May 2025, maintaining a sequence of lower highs and lows. The stock now approaches a critical confluence zone, where both time and price parameters indicate potential reversal. Historically, inflection points in TCS have emerged within 25–38 trading days, aligning with Lucas (29) and Fibonacci (34) cycles. Additionally, the emergence of a bullish Bat Harmonic Pattern near Rs 3,080–3,100 strengthens the reversal case, and TCS has been showing bullish momentum over the past 2–3 sessions. Traders may consider entering long positions in the Rs 3,145–3,100 zone.
Strategy: Buy
Target: Rs 3,350
Stop-Loss: Rs 2,990
Cipla | CMP: Rs 1,601.2
Cipla has been consolidating within the Rs 1,450–1,565 range for the past few weeks, forming a strong base above its 50-week EMA. This sideways phase indicates stability and accumulation. Recently, the stock broke above a bearish trendline on the daily chart, supported by healthy volumes.
Meanwhile, the weekly RSI, which held between 40–55 during consolidation, now signals renewed strength. The breakout, along with improving momentum indicators, highlights potential for further upside in the near term. Traders may consider entering long positions in the Rs 1,605–1,580 zone.
Strategy: Buy
Target: Rs 1,700
Stop-Loss: Rs 1,525
Vidnyan S Sawant, Head of Research at GEPL Capital
Max Financial Services | CMP: Rs 1,651.2
Max Financial Services continues to display a positive price structure, maintaining a sequence of higher tops and higher bottoms. The current month has successfully recovered from the weakness seen in the previous month. On the weekly scale, the stock has witnessed a bullish mean reversion from the 12-week EMA and demonstrated a faster retracement, where a five-week decline was recovered within just four weeks—signaling robust price development.
Strategy: Buy
Target: Rs 1,842
Stop-Loss: Rs 1,560
Hyundai Motor India | CMP: Rs 2,472.4
In the current month, Hyundai Motor India has broken out above its two-month high. On the weekly scale, the stock continues to maintain a higher-bottom formation and is well sustained above both the 12- and 26-week EMAs, highlighting trend strength. On the daily scale, buying interest has emerged from the 50% Fibonacci retracement zone of the Rs 2,100–2,624 upmove. From a momentum perspective, the MACD remains in a rising trend, indicating sustained bullish momentum.
Strategy: Buy
Target: Rs 2,748
Stop-Loss: Rs 2,350
FSN E-Commerce Ventures Nykaa | CMP: Rs 229.54
On the weekly scale, Nykaa has showcased robust momentum, trading at its 52-week high while breaking out of the base pattern formed since August 2024. On the daily scale, the stock has exhibited a faster retracement, with a 12-day decline being recovered in just 6 days—signaling strong positive price development. The MACD indicator remains in buy mode on the weekly scale, reinforcing the continuation of bullish momentum.
Strategy: Buy
Target: Rs 248
Stop-Loss: Rs 222
UPL | CMP: Rs 722.8
After breaking out of the falling trendline drawn from the 2021 swing top, UPL has displayed a positive streak this month, highlighting bullish price action on the higher timeframes. On the weekly scale, the stock is well sustained above the key 12-, 26-, and 50-week EMAs, underscoring trend strength. On the daily scale, the stock successfully retested the breakout trendline and rebounded strongly, now trading at its 52-week high.
Strategy: Buy
Target: Rs 805
Stop-Loss: Rs 696
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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