Equity benchmarks retreated some of their previous day’s gains, with the Nifty 50 falling 1.4 percent on May 13 due to profit booking. However, market breadth remained positive. About 1,746 shares advanced compared to 851 declining shares on the NSE. Given supportive technical indicators and the easing of most concerns, the index is likely to gain momentum despite intermittent consolidation. Below are some short-term trading ideas to consider:

Subash Gangadharan, Senior Technical Derivative Analyst at HDFC Securities

Tanla Platforms | CMP: Rs 557.4

Tanla Platforms recently formed a triple bottom line around the Rs 412 level. After consolidating in a range, the stock broke out of that range on Tuesday on the back of strong volumes. It is now trading above the 20-day and 50-day SMAs, and momentum indicators such as the 14-week RSI are rising without being in the overbought zone. This setup supports the continuation of the uptrend.

Strategy: Buy

Target: Rs 650

Stop-Loss: Rs 470

Tamil Nadu Newsprint and Papers | CMP: Rs 138.87

The stock has rallied smartly in the last few sessions and has taken out its recent highs on above-average volumes. It also closed above key moving averages, and the 14-day RSI is rising and not yet overbought, which supports further bullish continuation. Chart patterns on the larger weekly and monthly timeframes also appear constructive.

Strategy: Buy

Target: Rs 155

Stop-Loss: Rs 130

Rallis India | CMP: Rs 259.3

Rallis India formed a double bottom around Rs 196 in April 2025. It then rallied, surpassing its previous swing highs and thereby reversing the recent downtrend. On Tuesday, the stock broke out of a range on the back of strong volumes, signaling that the uptrend is likely to continue.

Strategy: Buy

Target: Rs 290

Stop-Loss: Rs 235

Amol Athawale, VP- Technical Research at Kotak Securities

LTIMindtree | CMP: Rs 4,919.5

LTIMindtree has staged a strong rally from lower levels in recent sessions. It has given a fresh breakout with decent volumes from an ascending triangle formation on the daily chart. The stock has comfortably closed above its breakout zone, suggesting the upward momentum is likely to persist. As long as it trades above Rs 4,770, the bullish structure remains intact. A move beyond this level could take the stock up to Rs 5,280.

Strategy: Buy

Target: Rs 5,280

Stop-Loss: Rs 4,770

Havells India | CMP: Rs 1,593.9

Following a decline from higher levels, Havells India rebounded from its retracement zone and has shown a steady recovery. On the daily charts, the stock gave a breakout from a sloping channel formation. The recent up move suggests a new leg of the bullish trend from current levels. For the next few sessions, Rs 1,540 will act as the trend-decider level for the bulls. Sustaining above this level could lead to an uptrend towards Rs 1,710.

Strategy: Buy

Target: Rs 1,710

Stop-Loss: Rs 1,540

Life Insurance Corporation of India | CMP: Rs 826.4

After a prolonged downtrend, LIC reversed from an important support zone. The stock has formed a rounding bottom pattern on the weekly chart and is in a steady uptrend. The RSI also indicates further upside potential. For positional traders, Rs 800 is the key trend-decider level. Sustaining above this level can push the stock towards Rs 880. However, if it closes below Rs 800, traders may consider exiting long positions.

Strategy: Buy

Target: Rs 880

Stop-Loss: Rs 800

Ashish Kyal, CMT, Founder and CEO of Waves Strategy Advisors

Escorts Kubota | CMP: Rs 3,501.6

At the beginning of May, Escorts Kubota found support near the Ichimoku cloud and has since gained over 14 percent. Since September 2024, the stock had been moving within a downward sloping channel, but it recently broke out, indicating a short-term trend reversal. It also crossed the previous swing high of Rs 3,467, and with follow-up buying, a move towards the next swing high near Rs 3,676 is likely.

Additionally, the MACD has shown a bullish crossover, adding further confirmation. A break above Rs 3,545 could strengthen the momentum towards Rs 3,676 and Rs 3,860. On the downside, Rs 3,405 is the immediate support to watch.

Strategy: Buy

Target: Rs 3,676, Rs 3,860

Stop-Loss: Rs 3,405

Jyoti CNC Automation | CMP: Rs 1,234.6

In the previous session, Jyoti CNC Automation broke above the key resistance level of Rs 1,220 and managed to close above it. Over the past two trading sessions, the stock has protected its prior day's low on a closing basis, suggesting rising bullish sentiment.

On the daily chart, since April 16, it has consistently held above the mid-Bollinger Band and has now broken out above the upper band — a positive sign. If the price sustains above the upper band, further bullish momentum can be expected. The RSI at 66 still leaves room for upward movement. A break above Rs 1,250 could lead to a rally towards Rs 1,300, followed by Rs 1,355. On the downside, Rs 1,195 is the nearest support.

Strategy: Buy

Target: Rs 1,300, Rs 1,355

Stop-Loss: Rs 1,195