The benchmark indices clocked around half a percent gains after a strong recovery from the day’s low on November 11, but the market breadth was slightly favourable for bears. About 1,448 shares were under pressure against 1,388 shares that advanced on the NSE. The market is likely to stay in positive terrain with improving sentiment. Below are some short-term trading ideas to consider:
Amol Athawale, VP Technical Research at Kotak Securities
Tech Mahindra | CMP: Rs 1,408
After a short-term price correction, Tech Mahindra has formed a double bottom chart pattern. The bullish activity near the support zone indicates that the stock has limited downside, making it a good candidate from a risk-reward perspective. The stock is expected to rebound from current levels. As long as the stock is trading above Rs 1,370, the bullish texture is likely to continue. Above this level, the stock could move up to Rs 1,470.
Strategy: Buy
Target: Rs 1,470
Stop-Loss: Rs 1,370
Sun Pharmaceutical Industries | CMP: Rs 1,716.1
After a remarkable up move, Sun Pharma was having a breather and had been in consolidation for the last few sessions. The breakout from the range-bound structure suggests a bullish continuation chart formation.
Moreover, the stock comfortably closed above its breakout levels. Therefore, the stock is likely to continue its uptrend from the current levels in the coming horizon. For the next few trading sessions, Rs 1,680 could be the trend-decider level for the bulls. If it sustains above this level, we can expect a further uptrend towards Rs 1,790.
Strategy: Buy
Target: Rs 1,790
Stop-Loss: Rs 1,680
Mahindra and Mahindra | CMP: Rs 3,749.1
M&M has shown a robust rally from lower levels in recent sessions. Moreover, there is a fresh breakout with decent volume from the ascending triangle chart formation on the daily scale. As a result, the comfortable close above its breakout zone suggests upward momentum is likely to persist in the coming sessions.
For positional traders, Rs 3,610 would be the decisive level. Trading above this level, the uptrend formation will continue till Rs 4,000. However, if it closes below Rs 3,610, traders may prefer to exit long positions.
Strategy: Buy
Target: Rs 4,000
Stop-Loss: Rs 3,610
Ashish Kyal, CMT, Founder and CEO of Waves Strategy Advisors
Aurobindo Pharma | CMP: Rs 1,168.2
In the previous session, Aurobindo Pharma outperformed its sectoral peers and successfully closed above the prior swing high of Rs 1,163, reflecting a strong bullish undertone. On the daily chart, the stock has been forming higher highs and higher lows over the past two sessions, signifying sustained buying interest from lower levels.
Moreover, a bullish crossover is visible as the 30-day EMA has moved above the 60-day EMA, indicating that the short-term trend is now in favour of the bulls. For now, a break above Rs 1,175 is required for this bullish momentum to continue, which can push prices higher towards Rs 1,250, with Rs 1,138 as an important support.
Strategy: Buy
Target: Rs 1,250
Stop-Loss: Rs 1,138
Hindustan Copper | CMP: Rs 359.7
In the previous session, Hindustan Copper surged over 6 percent following its robust quarterly performance, reflecting strong bullish sentiment. On the daily chart, the stock has exhibited a failed breakdown formation, as prices sharply reversed after breaching the prior swing low of Rs 329 last week, and we have seen a sharp reversal of more than 13 percent in just three trading sessions from it.
The stock is now trading close to the prior swing high near Rs 366 levels. The daily RSI is also at a comfortable level, trading at 62, suggesting that there is enough room for the stock to trend further. For now, a decisive breakout above Rs 366 can result in renewed buying, which can push prices higher towards Rs 390 or above. On the downside, Rs 350 is the nearest support.
Strategy: Buy
Target: Rs 390
Stop-Loss: Rs 350
Garden Reach Shipbuilders & Engineers | CMP: Rs 2,785.9
Garden Reach Shipbuilders is trading in a rectangular range of Rs 2,490–2,830 since September 2025, which indicates accumulation. In the previous session, the stock was up nearly 4 percent with a spike in volumes for two consecutive trading days, which is a positive sign. Along with that, the Bollinger Bands have started expanding, indicating an increase in volatility of the stock.
Also, the MACD has just shown a bullish crossover, suggesting an increase in bullishness. Prices are now on the verge of a breakout from consolidation. A break above the important resistance of Rs 2,830 can push prices higher towards Rs 2,945, followed by Rs 3,050, with Rs 2,715 acting as the key support.
Strategy: Buy
Target: Rs 2,945, Rs 3,050
Stop-Loss: Rs 2,715
Subash Gangadharan, Senior Technical Derivative Analyst at HDFC Securities
Sharda Motor Industries | CMP: Rs 1,174.4
Sharda Motor is in a healthy intermediate uptrend after touching a low of Rs 629 in April 2025. Last week, the stock broke out of a five-month range on the back of above-average volumes. The stock also trades above the 20- and 50-week SMAs, and momentum readings like the 14-week RSI are in a rising mode and not overbought. This augurs well for the uptrend to continue.
Strategy: Buy
Target: Rs 1,350
Stop-Loss: Rs 1,030
Bharat Forge | CMP: Rs 1,402.1
Bharat Forge has rallied smartly in the last few weeks. This week, the stock took out its previous swing high of Rs 1,362, touched in June 2025. This indicates that the stock is ready to continue the next leg of its uptrend.
On the weekly chart, the stock is also holding above the 20- and 50-week SMAs. With momentum readings like the 14-week RSI rising and not overbought, this augurs well for the uptrend to continue.
Strategy: Buy
Target: Rs 1,550
Stop-Loss: Rs 1,290
Awfis Space Solutions | CMP: Rs 629.6
Awfis Space Solutions has reversed the recent downtrend after touching a low of Rs 557. In the process, the stock has comfortably moved above the recent trading range on the back of healthy volumes.
On the weekly chart, the stock has recently found support near the 20-week SMA and bounced back this week. Momentum readings like the 14-day RSI are rising and not overbought, which augurs well for the uptrend to continue.
Strategy: Buy
Target: Rs 720
Stop-Loss: Rs 580
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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