Equity benchmarks recorded a 2 percent rally on June 12, tracking a rally in global markets and supported by strong market breadth. About 2,518 shares witnessed buying interest, compared to 481 declining shares on the NSE. The market is expected to extend its bullish momentum further, given the improving technical indicators. Below are some short-term trading ideas to consider:

Rajesh Palviya, Senior Vice President Research (Head of Research) at Axis Securities

Allied Blenders and Distillers | CMP: Rs 644.45

On the weekly chart, Allied Blenders and Distillers confirmed a "flag" continuation pattern breakout at Rs 600 on a closing basis, indicating a resumption of the prior uptrend. This breakout was accompanied by huge volumes, reflecting increased participation. The stock is well placed above its 20-, 50-, 100-, and 200-day simple moving averages (SMAs). These averages are also inching higher along with the price rise, reaffirming bullish sentiment.

The daily Bollinger Band buy signals indicate increased momentum. The daily, weekly, and monthly Relative Strength Index (RSI) readings are in favourable territory, indicating rising strength across all time frames.

Strategy: Buy

Target: Rs 670, Rs 700

Stop-Loss: Rs 610

Aegis Logistics | CMP: Rs 944.4

With the current week's strong upward move, Aegis Logistics decisively surpassed the downward-sloping channel breakout level of Rs 873 on a closing basis, accompanied by huge volumes. The daily and weekly Bollinger Band buy signals indicate increased momentum.

The daily, weekly, and monthly RSI readings are in favourable territory, indicating rising strength across all time frames. The stock is well placed above its 20-, 50-, 100-, and 200-day simple moving averages (SMAs). These averages are also inching higher along with the price rise, reaffirming bullish sentiment.

Strategy: Buy

Target: Rs 1,060, Rs 1,200

Stop-Loss: Rs 900

Jammu and Kashmir Bank | CMP: Rs 157.4

Since 2024, Jammu and Kashmir Bank has been consolidating within a rounding bottom formation. With the current week's strong upmove, it has decisively surpassed the breakout zone around Rs 151 on a closing basis. Rising volumes over the past three to four weeks indicate increased participation.

The stock is well placed above its 20-, 50-, 100-, and 200-day simple moving averages (SMAs). These averages are also inching higher along with the price rise, reaffirming bullish sentiment. The daily, weekly, and monthly RSI readings are in favourable territory, indicating rising strength across all time frames. Monthly Bollinger Band buy signals indicate increased momentum.

Strategy: Buy

Target: Rs 167, Rs 180

Stop-Loss: Rs 151

Hitesh Rathi, Technical Analyst (Equity & Derivatives) at Angel One

JSW Infrastructure | CMP: Rs 291

The technical structure for JSW Infrastructure appears to be turning bullish after spending considerable time in a consolidation phase. On the candlestick chart, the stock is breaking out from an inverse head-and-shoulders pattern.

Adding further strength to the setup, the stock has moved above its 200-day moving average (DMA) and continues to trade above all major moving averages, indicating improving momentum. On the 1% × 3 Point & Figure chart as well, a triangle breakout has been observed, providing additional confirmation of strengthening price action. Hence, buying is recommended in JSW Infrastructure around Rs 288-290.

Strategy: Buy

Target: Rs 325, Rs 330

Stop-Loss: Rs 268

GMR Airports | CMP: Rs 103.65

The technical setup for GMR Airports has turned decisively bullish across multiple time frames. On the Point & Figure charts, the stock has displayed strong signs of improving momentum, with a bullish broadening formation on the 0.25% × 3 chart, while the 1% × 3 chart has witnessed a triangle breakout after a bull-trap formation, which could add further fuel to the ongoing upmove.

On the candlestick chart as well, the stock has broken above a falling trendline and appears to be emerging from a prolonged consolidation phase. Hence, buying is recommended around Rs 102-103.

Strategy: Buy

Target: Rs 114, Rs 118

Stop-Loss: Rs 96

Motilal Oswal Financial Services | CMP: Rs 888.45

The technical setup for Motilal Oswal Financial Services appears constructive, with the stock finding support near a major upward-sloping trendline and subsequently breaking out from a bullish technical pattern. The recent successful retest of the breakout zone further strengthens the setup.

Adding further confirmation, the 14-day RSI has witnessed a bullish crossover, indicating improving momentum and strengthening buying interest. Overall, the combination of trendline support, pattern breakout, and improving momentum indicators suggests that the stock is favourably positioned for a potential upmove. Hence, buying is recommended in the stock around Rs 880-885.

Strategy: Buy

Target: Rs 955, Rs 960

Stop-Loss: Rs 830

Anshul Jain, Head of Research at Lakshmishree Investments

Equitas Small Finance Bank | CMP: Rs 75.54

Equitas Small Finance Bank is forming a bullish 73-week rectangle base, reflecting a prolonged accumulation phase marked by steady institutional participation. The stock is now approaching a crucial breakout zone near Rs 76, where a high-volume move could trigger a decisive trend expansion. The lengthy base formation suggests significant supply absorption, improving the probability of a sustained upside move once resistance is cleared.

Daily and weekly RSI readings have entered a strong bullish zone, typically associated with the early stages of momentum-driven rallies. A breakout above Rs 76 would likely attract fresh buying interest and open the path toward the initial target of Rs 85. Follow-through price action after the breakout could generate substantial momentum as the stock emerges from its extended consolidation phase.

Strategy: Buy

Target: Rs 85

Stop-Loss: Rs 72.5

Indo Count Industries | CMP: Rs 344.45

Indo Count Industries has spent the last 73 weeks building a broad rectangle base, a structure that reflects prolonged accumulation and efficient absorption of supply. The quality of the base is reinforced by multiple institutional accumulation candles visible across both daily and weekly time frames, suggesting that strong hands have been steadily building positions.

The price is now approaching a decisive breakout zone near Rs 350, where a volume-backed move could trigger the next phase of the trend. Daily and weekly EMAs are positively aligned below the price and are poised to act as a launchpad for sustained upside momentum. A convincing breakout above Rs 350 could attract fresh participation and propel the stock toward the Rs 440 zone initially, while the breakout level becomes the key support reference.

Strategy: Buy

Target: Rs 440

Stop-Loss: Rs 324

Netweb Technologies | CMP: Rs 4,587.4

Netweb Technologies has successfully retested its bullish 34-week cup-and-handle breakout, forming a strong bullish hammer on the weekly charts. This price action suggests that weak holders have been shaken out, while stronger hands have used the retest phase to accumulate. The stock continues to hold above the critical demand zone of Rs 4,100-4,450, keeping the broader bullish structure firmly intact.

The successful defence of the breakout area significantly improves the probability of trend continuation. A sustained move above Rs 4,610 would confirm renewed momentum and open the path toward the Rs 5,400 zone. Daily and weekly RSI readings remain bullish, while moving averages across time frames continue to support the uptrend and act as a launchpad for further gains.

Strategy: Buy

Target: Rs 5,400

Stop-Loss: Rs 4,450