Trade Spotlight: How should you trade Texmaco Rail, Tata Consumer Products, HPCL, APL Apollo Tubes, GMDC, and others on December 30?

Top Trading Ideas for December 30

The benchmark indices fell four-tenths of a percent for another session on December 29, with bears dominating market breadth. About 2,062 shares were under pressure against 847 rising shares on the NSE. The market is expected to remain weak amid choppy movement in the short term. Below are some short-term trading ideas to consider:

Jigar S Patel, Senior Manager - Equity Research at Anand Rathi

Texmaco Rail and Engineering | CMP: Rs 136.57

Strong momentum continues to be visible across railway stocks, reflecting sustained sectoral strength. In this backdrop, Texmaco Rail has delivered a notable technical improvement by reclaiming its 200-period weekly EMA, as highlighted in the chart. This development signals a revival in the medium- to long-term trend.

Additionally, the RSI on the weekly timeframe has registered a decisive breakout above its downward trendline, indicating strengthening underlying momentum. The bullish setup is further validated by a clear surge in volumes, suggesting renewed participation and accumulation at higher levels.

Traders may consider entering long positions in the Rs 138–136 zone, with a target of Rs 156.

Strategy: Buy

Target: Rs 156

Stop-Loss: Rs 127

Container Corporation of India | CMP: Rs 520

CONCOR has shown a meaningful reversal from a long-term historical support zone that has been intact since October 2019, highlighting strong buying interest at lower levels. On the daily timeframe, the stock has formed a bullish divergence near the Rs 490–500 support zone, where prices made lower lows while momentum indicators started improving. These signals indicate weakening selling pressure and a potential trend reversal.

Adding strength to this view, the weekly RSI has confirmed a breakout and is currently placed near the 45 mark, suggesting a shift from bearish to neutral-positive momentum with room for further upside. The alignment of long-term support, momentum divergence, and an improving weekly structure enhances the probability of a sustained recovery. Traders may consider entering long positions in the Rs 525–515 zone, with a target of Rs 575.

Strategy: Buy

Target: Rs 575

Stop-Loss: Rs 495

Escorts Kubota | CMP: Rs 3,722

Escorts Kubota has been consolidating in the Rs 3,600–3,700 zone, which aligns with the 100 and 200 DEMA on the daily chart, indicating a strong base formation. Additionally, on the weekly timeframe, the stock is finding support near a flat Ichimoku cloud, further strengthening this support zone.

During the consolidation phase, the RSI repeatedly held near the 40 level, highlighting underlying buying interest and the absence of strong downside momentum. Currently, the RSI has moved above the 50 mark, which signals improving strength and a potential shift in momentum in favour of the bulls. Traders may consider entering long positions in the Rs 3,740–3,720 zone, with a target of Rs 3,970.

Strategy: Buy

Target: Rs 3,970

Stop-Loss: Rs 3,600

Jay Thakkar, Vice President & Head of Derivatives and Quant Research at ICICI Securities

Hindustan Petroleum Corporation | CMP: Rs 474.15

Crude oil prices have been falling in the international markets, and the overall trend has been negative, which is a positive sign for oil marketing companies (OMCs). In particular, HPCL has witnessed a breakout above its crucial swing resistances, along with an increase in open interest in the futures segment, indicating long build-up, i.e., positive sentiment. Hence, the short-term trend remains positive.

There have been strong Put additions at the lower Rs 440 to Rs 470 strikes, indicating support at lower levels. Meanwhile, above Rs 480, the stock does not face any major hurdle until the Rs 500 level. The stock is now trading above its 20-day VWAP (Volume Weighted Average Price) as well as maximum pain levels, indicating a positive short-term trend. Traders may consider buying HPCL January Futures in the range of Rs 475–480.

Strategy: Buy

Target: Rs 500, Rs 520

Stop-Loss: Rs 464

Tata Consumer Products | CMP: Rs 1,195.2

Tata Consumer has crossed multiple swing resistances with an increase in open interest in the futures segment, indicating long build-up, which reflects positive sentiment among market participants.

The stock has been trending higher gradually and has been one of the outperformers within the Nifty FMCG sector. It has also witnessed buying interest in the F&O segment. The stock has the highest Call base at the Rs 1,200 strike, and above this level, there is no major hurdle, signalling a strong rally above Rs 1,200. Traders may consider buying Tata Consumer January Futures in the range of Rs 1,190–1,205.

Strategy: Buy

Target: Rs 1,240, Rs 1,265

Stop-Loss: Rs 1,170

State Bank of India | CMP: Rs 965

SBI has witnessed some price-wise correction after a strong rally, during which it outperformed the Bank Nifty as well as its private-sector bank peers. There has been a decrease in open interest in the futures segment along with price correction, indicating profit booking, i.e., long unwinding. This does not change the medium-term bullish outlook; however, in the short term, the trend appears to have shifted sideways to negative unless the Rs 995 level is decisively crossed.

There have been significant Call additions at the Rs 970 to Rs 1,000 strikes, while the highest Put base is at Rs 950, which also serves as the short-term target. Traders may consider selling SBI January Futures in the range of Rs 980–970.

Strategy: Sell

Target: Rs 950

Stop-Loss: Rs 995

Vidnyan S Sawant, Head of Research at GEPL Capital

APL Apollo Tubes | CMP: Rs 1,888.6

APL Apollo Tubes has recently broken out of a bullish Cup & Handle pattern, signalling a resumption of the broader uptrend. The breakout was followed by a strong bullish follow-through close in the subsequent week, confirming buying interest at higher levels and enhancing the reliability of the pattern.

On the momentum front, the RSI is hovering around 66, indicating sustained bullish momentum and supporting the likelihood of further upside continuation in the near term.

Strategy: Buy

Target: Rs 2,039

Stop-Loss: Rs 1,812

Titan Company | CMP: Rs 3,983.7

Titan continues to exhibit a strong long-term structural setup. In October 2025, the stock staged a decisive rebound from its secular rising trendline drawn from the 2009 lows, reaffirming the strength of the primary uptrend. Subsequently, Titan broke out of a two-year consolidation phase, indicating fresh accumulation and signalling readiness for the next phase of the up-move.

Momentum indicators remain firmly supportive, with the RSI in buy mode across multiple timeframes, reinforcing the stock’s bullish outlook.

Strategy: Buy

Target: Rs 4,301

Stop-Loss: Rs 3,824

Gujarat Mineral Development Corporation | CMP: Rs 597.25

GMDC is displaying a constructive setup on the weekly timeframe. The stock has confirmed a polarity shift, with the former resistance from February 2024 now acting as a strong support zone in the recent phase. In the previous week, the stock broke out of a five-week consolidation range, supported by a volume surge above the 20-day average, signalling fresh buying interest.

Momentum indicators add further conviction, with the RSI at 62, reflecting a breakout backed by both volume expansion and improving momentum.

Strategy: Buy

Target: Rs 668

Stop-Loss: Rs 573