The benchmark indices remained consolidative for the second consecutive session, with the Nifty 50 falling 0.3 percent on May 19. However, market breadth continued to favour the bulls, as 1,654 shares advanced compared to 971 declining on the NSE. The market is likely to consolidate further and may attempt to surpass last Thursday's swing high. Below are some short-term trading ideas to consider:
Jigar S Patel, Senior Manager - Equity Research at Anand Rathi
Satin Creditcare Network | CMP: Rs 172.70
Satin Creditcare Network has formed a bullish Bat harmonic pattern on the weekly chart, indicating a potential reversal and upside opportunity. Adding strength to this setup is a notable time confluence: the move from point X to B took 50 weeks, while the leg from B to D took 48 weeks—both closely aligning with the Fibonacci time cycle of 55 weeks, which adds credibility to the structure. Supporting this bullish view is a clear RSI (Relative Strength Index) divergence on the weekly chart, coupled with a breakout above the floor quarterly pivot level—both suggesting sustained upward momentum. Consider long positions in the Rs 170–173 zone, with an upside target of Rs 195.
Strategy: Buy
Target: Rs 195
Stop-Loss: Rs 160
Tejas Networks | CMP: Rs 741.65
Tejas Networks is moving within a 50–60 week cycle and is currently finding strong support at the S1 Floor Yearly Pivot on the weekly chart. A hidden bullish divergence on the weekly RSI further supports this setup. Interestingly, 55—being a key Fibonacci number—adds a time-based confluence. On the daily chart, a double bottom pattern with RSI divergence is also visible, indicating a potential reversal. Consider long positions in the Rs 730–750 zone, with an upside target of Rs 960.
Strategy: Buy
Target: Rs 960
Stop-Loss: Rs 640
JSW Energy | CMP: Rs 515.35
JSW Energy has recently formed multiple bottoms in the Rs 420–460 range, indicating a strong support zone. This area also coincides with the 61.8 percent Fibonacci retracement of the rally from February 2023 to September 2024, adding technical significance. Additionally, a bullish divergence is visible on the daily RSI, and the stock has broken above a prevailing bear trendline, reinforcing the potential for upward momentum. Consider long positions between Rs 506–516, with a target of Rs 580.
Strategy: Buy
Target: Rs 580
Stop-Loss: Rs 480
Jay Thakkar, Vice President & Head of Derivatives and Quant Research at ICICI Securities
APL Apollo Tubes Futures | CMP: Rs 1,811.50
APL Apollo Tubes has provided a breakout from a long 30-month consolidation and was recently added to the F&O segment. Since its inclusion, the stock saw short buildup, but the breakout now points to a likely uptrend driven by short covering. It is currently trading well above its 20-Day VWAP (Volume Weighted Average Price) level at Rs 1,660, confirming its near-term bullish stance. Buy APL Apollo Futures in the Rs 1,810–1,780 range.
Strategy: Buy
Target: Rs 1,930, Rs 2,000
Stop-Loss: Rs 1,700
Divis Laboratories | CMP: Rs 6,580
Divis Laboratories has broken out above multiple swing resistances following its earnings report, indicating a positive reaction. Though the stock previously saw some consolidation due to long unwinding, the breakout suggests the potential for renewed long additions, which may support further rallying. The current levels offer a favourable risk–reward setup. Buy in the Rs 6,530–6,580 range.
Strategy: Buy
Target: Rs 7,000, Rs 7,150
Stop-Loss: Rs 6,350
Supreme Industries | CMP: Rs 3,839.4
Supreme Industries has broken out from an Inverse Head and Shoulders pattern. While there are no current signs of short covering, the breakout raises the possibility of panic short covering, which could fuel a further up move. The stock has also moved above its 20-Day VWAP, which will act as critical support going forward. Buy in the Rs 3,870–3,840 range.
Strategy: Buy
Target: Rs 4,100, Rs 4,300
Stop-Loss: Rs 3,650
Vidnyan S Sawant, Head of Research at GEPL Capital
Nippon Life India Asset Management | CMP: Rs 748.95
Nippon Life India has shown strong price development on the weekly chart, rebounding sharply from the 50 percent Fibonacci retracement level of the Rs 190–Rs 816 up move. The stock has formed a rising structure with a base, indicating accumulation and trend resumption. It continues to hold above the 12-week and 26-week EMAs, showing underlying strength. The momentum indicator also remains in buy mode, reinforcing the bullish outlook.
Strategy: Buy
Target: Rs 861
Stop-Loss: Rs 704
Som Distilleries & Breweries | CMP: Rs 147.38
Som Distilleries & Breweries has maintained a strong bullish trend since 2020. After consolidating between August 2023 and April 2025, the stock broke out this month, indicating a likely continuation of the uptrend. On the weekly chart, it formed a solid base near the 100-week EMA, which reflects a healthy price structure. Volume has surged above the 30-week average, pointing to strong institutional interest. The RSI at 65 supports the bullish view, showing improving momentum.
Strategy: Buy
Target: Rs 172
Stop-Loss: Rs 135
GE Vernova T&D India | CMP: Rs 1,841.3
GE Vernova T&D India is showing renewed bullish momentum across timeframes. On the monthly chart, the stock found support at the 12- and 20-month EMAs after retracing from January 2025. It has now formed a bullish candle above the prior month’s wick and a three-month high, signaling fresh buying. On the weekly chart, the stock respected the 100-week EMA during a 40 percent retracement, formed a double bottom, and broke out above the neckline with strong volume. The MACD has triggered its first bullish crossover since January 2025. Furthermore, the ratio chart breaking above the 2015 swing high confirms a polarity shift and suggests likely outperformance ahead.
Strategy: Buy
Target: Rs 2,117
Stop-Loss: Rs 1,730
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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