Equity benchmarks extended their winning streak on September 18, with the Nifty closing above 25,400 for the first time since July 9, but the market breadth was slightly weak. About 1,436 shares saw selling pressure compared to 1,340 rising shares on the NSE. The market may see some consolidation, but overall, the mood remains bullish. Below are some short-term trading ideas to consider:
Jay Mehta, Technical Research at JM Financial Services
Amara Raja Energy & Mobility | CMP: Rs 1,031
Amara Raja Energy & Mobility is displaying positive price action. The stock recently broke out of a descending channel with a significant increase in volume. This upward momentum is backed by an upward-sloping EMA and a bullish crossover between short- and medium-term EMAs. The convergence of EMAs near Rs 1,000 has established a strong support base.
The stock has also reclaimed its position above the 200 EMA and is consolidating around that level. A decisive move above Rs 1,060 would likely fuel a further rally. Both the RSI and MACD are in bullish territory. A key positive sign is the high volume on green candles and very low volume on red candles, which indicates healthy accumulation. The stock shows high relative strength compared to the Nifty and Nifty 500.
Strategy: Buy
Target: Rs 1,120, Rs 1,200
Stop-Loss: Rs 980
Aadhar Housing Finance | CMP: Rs 538.55
Aadhar Housing Finance is demonstrating significant bullish strength with a robust price structure. The stock broke out of a prolonged triangular consolidation at Rs 480 on July 15, rising to Rs 537.5. After a period of tighter consolidation, it has recently broken out again, reaching a near all-time high with strong volume, which confirms the move.
The Bollinger Bands are widening at the breakout, suggesting increasing volatility. Momentum indicators support a continued bullish bias. The price is trading above all key EMAs, with the 20 and 50 EMAs providing strong support, aligning with the bullish candlesticks from September 12 and 16. The stock’s high relative strength compared to the Nifty and Nifty 500 further strengthens its positive outlook.
Strategy: Buy
Target: Rs 580, Rs 600
Stop-Loss: Rs 485
Kansai Nerolac Paints | CMP: Rs 253.25
Kansai Nerolac, after trading in a descending channel since April 22, 2025, recently broke out on September 17. A significant volume build-up since August 11, accompanied by a high delivery percentage, suggests strong accumulation at lower levels. The price has reclaimed its position above the 200 EMA and is now trading above its short- and medium-term averages, which are converging near Rs 244 and will act as a strong base.
Inside the channel, the stock formed a double bottom pattern with a positive divergence in the RSI, supporting the bullish trend. Both the RSI and MACD are in positive territory. The stock is also showing improved relative strength compared to the Nifty and Nifty 500.
Strategy: Buy
Target: Rs 267, Rs 273
Stop-Loss: Rs 239
Hardik Matalia, Derivative Analyst at Choice Broking
Kfin Technologies | CMP: Rs 1,144.8
Kfin Technologies has displayed strong bullish price action over the last three trading sessions. The stock has successfully broken out of a falling trendline, followed by a retest, which adds reliability to the breakout pattern. Notably, it has formed an inverse Head and Shoulders pattern and has decisively broken above the neckline — a classic bullish reversal structure. This breakout is accompanied by a significant increase in trading volume, indicating rising investor interest and strong market participation.
Additionally, the stock has closed above key exponential moving averages — the 20, 50, and 200 EMA — providing a technical confluence that supports continued upward momentum.
The Relative Strength Index (RSI) is currently at 58.93 and has shown a recent bullish crossover, confirming building positive momentum and healthy underlying strength.
Strategy: Buy
Target: Rs 1,250
Stop-Loss: Rs 1,092
Bharat Petroleum Corporation | CMP: Rs 325.7
BPCL has successfully broken out of its trendline resistance zone and closed the previous session with positive momentum, which is supported by a notable surge in trading volume, indicating increased market participation and suggesting that the upward momentum may sustain in the near term.
The stock has also managed to close above key exponential moving averages — the 20, 50, and 200 EMA — which further strengthens the bullish outlook and adds confluence to the ongoing upward move. Additionally, the stock has formed a double bottom pattern with strong support at the 200 EMA, further reinforcing the bullish sentiment.
Furthermore, the RSI is currently at 59.66 and has shown a recent bullish crossover, confirming the positive momentum.
Strategy: Buy
Target: Rs 360
Stop-Loss: Rs 310
Kotak Mahindra Bank | CMP: Rs 2,054.6
Kotak Mahindra Bank has exhibited strong bullish price action over the last three consecutive sessions. The stock is on the verge of an upside range breakout, supported by consistent volume buildup — a key indicator of strengthening buying interest.
Notably, the stock has taken strong support near the Rs 1,920 level, evident from multiple wick rejections and sharp recovery from dips, which indicates strong demand at lower levels. Furthermore, it has successfully closed above critical exponential moving averages — the 20, 50, and 200 EMA — which creates a favourable technical setup and validates the underlying bullish sentiment.
In addition to these bullish signals, the stock has managed to close above its previous swing high, reinforcing the continuation of the current uptrend. The RSI is currently positioned at 64.30, reflecting strong bullish momentum, with a recent crossover indicating further upside potential.
Strategy: Buy
Target: Rs 2,230
Stop-Loss: Rs 1,960
Om Mehra, Technical Research Analyst at Samco Securities
Mankind Pharma | CMP: Rs 2,638.3
Mankind Pharma formed a strong bullish candle on the daily chart, marking a breakout from a well-defined symmetrical triangle pattern. This move comes after a prolonged consolidation phase around the Rs 2,500–2,600 zone, indicating that the stock has gathered strength to resume its upward momentum. A bullish crossover of the short-term moving averages lends further confirmation to the breakout.
The RSI has climbed to 62, suggesting the momentum is improving. The MACD has generated a bullish crossover with green histogram bars, further highlighting the positive momentum. Volume participation picked up in the latest session, adding confirmation to the breakout. The breakout from the triangular consolidation suggests a potential trend continuation on the upside.
Strategy: Buy
Target: Rs 2,780
Stop-Loss: Rs 2,560
Zydus Lifesciences | CMP: Rs 1,047.85
Over the past several weeks, Zydus Lifesciences has been carving out a constructive base with a series of higher lows, pointing to steady accumulation. The consolidation phase has narrowed into a horizontal resistance band near the current level, and a decisive close above this mark would confirm a breakout and extend the ongoing uptrend.
The stock continues to trade above all the key moving averages. The RSI has improved to 67, maintaining a steady northward slope and signaling strengthening momentum. The MACD has also held in positive territory, while volumes have shown noticeable improvement during recent attempts to push higher, lending weight to the breakout possibility.
The stock is extending its momentum, supported by an inverse head and shoulders breakout.
Strategy: Buy
Target: Rs 1,100
Stop-Loss: Rs 1,015
NMDC | CMP: Rs 76.73
NMDC has sustained above the breakout level of Rs 75.30, showing follow-through strength after a prolonged consolidation. The stock is now trading firmly above all its key moving averages, which highlights the broader stability of the uptrend and the strong base formation underway.
Momentum indicators continue to support this move. The RSI stands at 66 with a steady northward slope, while the MACD holds its positive crossover with supportive histogram bars, both reflecting ongoing strength. The rise in trading volume during the recent leg of the rally further validates the breakout.
The sectoral momentum is evident, with the metal index advancing more than 8% in a month, lending additional confirmation to NMDC’s strength.
Strategy: Buy
Target: Rs 80
Stop-Loss: Rs 74
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.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
Find the best of Al News in one place, specially curated for you every weekend.
Stay on top of the latest tech trends and biggest startup news.
