The benchmark indices remained under pressure on June 23, falling 1.16 percent amid weak market breadth. About 2,171 shares declined compared to 831 advancing shares on the NSE. The market is expected to consolidate with range-bound trading as long as it trades below the previous week's high. Below are some short-term trading ideas to consider:

Amol Athawale, VP Technical Research at Kotak Securities

Zydus Lifesciences | CMP: Rs 1,112.2

After a remarkable rally and a brief consolidation over the last few sessions, Zydus Lifesciences is gaining further traction for an upward move. The breakout from the consolidation structure on the chart indicates a bullish continuation pattern.

Therefore, upward momentum in the stock is likely to persist in the near term. As long as the stock trades above Rs 1,085, the bullish bias is likely to continue. Above this level, the stock could move towards Rs 1,185.

Strategy: Buy

Target: Rs 1,185

Stop-Loss: Rs 1,085

Apollo Hospitals Enterprise | CMP: Rs 8,487.5

On the daily charts, Apollo Hospitals Enterprise is trading within a rising channel formation, characterised by a series of higher highs and higher lows. The stock has witnessed a steady recovery from trendline support levels.

Additionally, the RSI is indicating a further uptrend from current levels, which could strengthen bullish momentum in the near future. For the next few trading sessions, Rs 8,160 could act as the trend-deciding level for bulls. If the stock sustains above this level, it may extend its uptrend towards Rs 9,050.

Strategy: Buy

Target: Rs 9,050

Stop-Loss: Rs 8,160

Info Edge India | CMP: Rs 1,011.6

Following a prolonged downtrend, Info Edge India has entered an accumulation phase and is currently trading in a range-bound pattern on the weekly chart. However, recent bullish activity in the stock indicates improving strength. The stock is expected to break out of this range and witness bullish momentum from current levels, offering a favourable risk-reward setup.

For positional traders, Rs 970 would be the decisive level. As long as the stock trades above this mark, the reversal formation is likely to continue towards Rs 1,080. However, if it closes below Rs 970, traders may consider exiting their long positions.

Strategy: Buy

Target: Rs 1,080

Stop-Loss: Rs 970

Ashish Kyal, Founder and CEO of Waves Strategy Advisors

Laurus Labs | CMP: Rs 1,481

The pharma sector continued to be one of the top-performing sectors, and Laurus Labs remains a strong performer. The stock continues to exhibit strong bullish momentum after reversing from the baseline (red line) of the Ichimoku Cloud, forming a series of higher highs and higher lows over the last three trading sessions.

In the previous session, the stock gained more than 3 percent and managed to close above its prior swing high of Rs 1,457, signalling a fresh breakout and strengthening the overall bullish setup. The RSI is hovering around the 72 level despite the recent rally, suggesting that the stock still has room to extend its gains.

For now, traders can consider a buy-on-dips strategy with upside targets of Rs 1,520, followed by Rs 1,580, as long as the stock sustains above Rs 1,415.

Strategy: Buy

Target: Rs 1,520, Rs 1,580

Stop-Loss: Rs 1,415

Global Health | CMP: Rs 1,302.8

On the daily chart, Global Health (Medanta) is respecting a rising trendline and consistently taking support from it before moving higher. This indicates that buyers are active near the trendline and continue to defend lower levels. Based on this setup, support is placed near the Rs 1,270 level.

In addition, the Bollinger Bands have started to expand, while prices have moved above the upper band, indicating increasing volatility and strengthening momentum. Furthermore, over the last 11 trading sessions, the stock has consistently protected the previous day's low on a closing basis, which is a positive sign.

For now, a break above Rs 1,335 is required for bullish momentum to continue, which could trigger a potential upside move towards Rs 1,430 or higher. The nearest support is placed around Rs 1,270.

Strategy: Buy

Target: Rs 1,430

Stop-Loss: Rs 1,270

AIA Engineering | CMP: Rs 4,886.1

AIA Engineering continues to remain in a strong uptrend and is currently trading near its lifetime highs while outperforming its peers. On the daily chart, the stock took support from the 25-period EMA near the Rs 4,300 level on June 12, which also coincided with the 38.2 percent Fibonacci retracement level. Thereafter, the stock witnessed a sharp bounce on the upside, highlighting the significance of this support zone.

In addition, the ADX is trading near the 35 level, which is well above the 25 mark, indicating strengthening momentum. Following the sharp rally, most indicators have entered overbought territory. Therefore, buying on dips appears to be a more prudent strategy than attempting to catch tops, with targets of Rs 5,150 or higher and immediate support near Rs 4,690.

Strategy: Buy

Target: Rs 5,150

Stop-Loss: Rs 4,690

Mahesh M Ojha, VP- Research and Business Development at Kantilal Chhaganlal Securities

Ather Energy | CMP: Rs 1,006.75

Ather Energy has delivered a positive breakout by closing above the previous resistance level of around Rs 998, indicating strengthening price momentum and the continuation of the bullish structure. The stock remains technically strong as long as it sustains above its weekly 5-day, 10-day, 20-day, and 50-day Simple Moving Averages (SMAs), reinforcing the prevailing uptrend.

The daily RSI is currently at 67, which continues to support the bullish outlook and suggests healthy underlying momentum in the stock. The indicator reflects strength while remaining below extreme overbought territory. Buying is recommended in the Rs 990-1,005 range.

Strategy: Buy

Target: Rs 1,060, Rs 1,080, Rs 1,120

Stop-Loss: Rs 940