Equity benchmarks fell around half a percent on September 2, extending their decline for the third consecutive session. Market breadth remained weak, with about 2,007 shares declining against 1,214 advancing shares on the NSE. The market may attempt a rebound towards the current week’s high, but the sustainability of any gains remains uncertain amid a weak technical setup. Here are some short-term trading ideas to consider:

Rupak De, Senior Technical Analyst at LKP Securities

Clean Science and Technology | CMP: Rs 863.15

Clean Science and Technology has given a consolidation breakout on the daily chart, confirming a possible resumption of the uptrend. The price has been sustaining above critical moving averages, indicating continued strength.

Besides, the RSI is in a bullish crossover and rising, confirming positive momentum in the stock. Overall sentiment is likely to remain strong. On the higher end, the price is likely to move towards Rs 920, while on the lower end, support is placed at Rs 834.

Strategy: Buy

Target: Rs 920

Stop-Loss: Rs 834

Urban Company | CMP: Rs 171.84

Urban Company has given a strong closing following several days of consolidation. The price has been sustaining above key moving averages, indicating continued strength.

Additionally, the RSI is in a bullish crossover and rising, confirming positive momentum in the stock. Overall sentiment is likely to remain strong. On the higher end, the price is likely to move towards Rs 182, while on the lower end, support is placed at Rs 164.

Strategy: Buy

Target: Rs 182

Stop-Loss: Rs 164

State Bank of India Futures | CMP: Rs 1,025.6

State Bank of India has been sustaining below the rising trendline following a breakdown from it. Besides, the stock remains below key moving averages, indicating weakness.

The RSI on the daily timeframe has fallen below the previous swing low, confirming negative momentum. In the short term, the trend is likely to remain weak, with the stock potentially declining towards Rs 1,000 or even lower. On the higher end, resistance is placed at Rs 1,040 (September futures price). Sell September Futures.

Strategy: Sell

Target: Rs 1,000

Stop-Loss: Rs 1,040

Sudeep Shah, Head of Technical and Derivatives Research at SBI Securities

RBL Bank | CMP: Rs 389.4

RBL Bank witnessed a strong pullback from its 50-day EMA and closed 2.34 percent higher on Wednesday, signalling renewed buying interest. The stock has been consolidating in a Rs 375-395 range for the past five weeks, building a strong base for the next leg of the upmove. Importantly, the stock continues to trade above its key moving averages, keeping the broader trend positive.

The ADX setup is also turning increasingly favourable, with DI widening above DI-, indicating strengthening bullish momentum and increasing control of the bulls. Volumes have also started to pick up, further supporting the positive setup.

Hence, accumulation is recommended in the Rs 387-392 zone, with a stop-loss of Rs 375.

Strategy: Buy

Target: Rs 420

Stop-Loss: Rs 375

BEML | CMP: Rs 2,032.4

BEML has strengthened its bullish setup after breaking above a key horizontal trendline resistance on the weekly chart a couple of weeks ago, followed by a strong follow-through move. The weekly MACD has also turned increasingly positive, with the MACD line crossing above the zero line and green histogram bars expanding, signalling strengthening bullish momentum.

On the daily timeframe, the rising ADX further confirms improving trend strength. Adding to the positive setup, the stock delivered a fresh range breakout today, accompanied by a healthy rise in volumes.

The combination of a weekly trendline breakout, improving momentum and a volume-backed daily breakout points towards a strong underlying price structure and the potential for further upside momentum.

Hence, accumulation is recommended in the Rs 2,015-2,040 zone, with a stop-loss of Rs 1,955.

Strategy: Buy

Target: Rs 2,180

Stop-Loss: Rs 1,955

Voltas | CMP: Rs 1,152.1

Voltas has turned decisively bearish after breaking down from a descending triangle pattern on the daily chart. The stock is trading below its key short- and long-term moving averages, indicating sustained weakness in the price structure. Momentum indicators are also flashing caution, with the RSI slipping below the 30 mark and remaining in a falling trajectory, signalling strong bearish momentum.

The rising ADX further confirms strengthening downside trend intensity. Adding to the negative setup, the stock has breached the major weekly support zone of Rs 1,180-1,170.

The combination of the pattern breakdown, weak momentum and loss of key weekly support keeps the near-term outlook bearish, with scope for further downside if the breakdown sustains.

Hence, selling is recommended in the Rs 1,160-1,145 zone, with a stop-loss of Rs 1,185.

Strategy: Sell

Target: Rs 1,080

Stop-Loss: Rs 1,185

Vaishali Patel, Senior Manager - Research- Technical Department at Jainam

Arvind | CMP: Rs 574.05

Arvind has confirmed a breakout above a downward-sloping trendline, signalling a shift in momentum in favour of the bulls. The stock is trading above its short- and medium-term moving averages on the daily chart, indicating a strengthening price structure, while it continues to hold comfortably above the 200-day moving average, indicating a positive long-term trend.

As long as the stock sustains above the breakout zone, the overall technical outlook remains positive, with the potential for further upside in the coming sessions.

Momentum indicators remain favourable, with the RSI trading above the 60 level, suggesting strengthening momentum without entering the overbought zone. The DMI also indicates that buyers continue to maintain control of the trend.

Strategy: Buy

Target: Rs 612

Stop-Loss: Rs 548

Ingersoll Rand (India) | CMP: Rs 4,883.5

Ingersoll Rand has registered a decisive breakout above its recent consolidation zone, signalling a continuation of the prevailing uptrend. The stock is trading comfortably above its 20-day, 50-day and 100-day moving averages, reflecting sustained buying interest.

The Relative Strength Index (RSI) has moved above the 60 mark and remained in the bullish zone during the recent consolidation following the first leg of the move, indicating improving momentum. The Relative Strength (RS) line continues to trend higher, highlighting the stock’s outperformance against the broader market.

The breakout is backed by healthy trading volumes, adding credibility to the move.

Strategy: Buy

Target: Rs 5,110

Stop-Loss: Rs 4,719