The benchmark indices recorded a 1.7 percent rally on March 27, extending the uptrend for the second straight session, supported by strong market breadth. A total of 2,313 shares advanced against 697 declining shares on the NSE. The market is likely to remain range-bound with a negative bias until there is positive news from US–Iran negotiations. Below are some short-term trading ideas to consider:

Jay Mehta, Technical Research at JM Financial Services

Ather Energy | CMP: Rs 776.65

Ather Energy has broken out above a five-month descending channel on the daily chart. The breakout was supported by strong volume expansion, confirming buyer participation. The price now trades comfortably above all key EMAs, with upward-sloping averages.

The RSI remains in bullish territory above 60, while the DMI shows DI above -DI, with a rising ADX, indicating a strong trending move. The stock is displaying better relative strength compared to both the Nifty 50 and Nifty 500. The structure remains bullish with continuation potential.

Strategy: Buy

Target: Rs 830, Rs 860

Stop-Loss: Rs 700

Granules India | CMP: Rs 629

Granules India has given a strong breakout above a triangular consolidation. The breakout came with robust volume buildup, indicating clear accumulation and strong participation.

The price trades above all key EMAs, with upward slopes. The RSI is holding above 60 in bullish territory, and DMI/ADX confirm a strengthening trend. The stock exhibits superior relative strength versus the Nifty 50 and Nifty 500. Overall, the structure favours continuation of the upmove.

Strategy: Buy

Target: Rs 670, Rs 700

Stop-Loss: Rs 585

Glenmark Pharma | CMP: Rs 2,168.5

Glenmark Pharma has broken out above a long continuation bullish head-and-shoulders pattern, forming a strong bullish candle on March 10. Volume expanded significantly during the breakout, indicating strong participation. Recently, the price retested the breakout zone.

The price now trades above all key EMAs, with upward slopes. The RSI is in bullish territory above 50, while the DMI shows a positive crossover. The stock is showing better relative strength compared to the Nifty 50 and Nifty 500. The structure remains positive with upside potential.

Strategy: Buy

Target: Rs 2,280, Rs 2,350

Stop-Loss: Rs 2,040

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

City Union Bank | CMP: Rs 252.95

City Union Bank had been consolidating within the Rs 252.20–226.45 range over the past eight sessions. The stock has now broken out of this range and closed higher, signalling strength. With this move, it has reclaimed its 200-day EMA, which is considered a key long-term moving average.

The stock has also given a double-bottom neckline breakout, which is considered a bullish reversal pattern. The RSI has been steadily inching higher, indicating a pickup in bullish momentum.

Hence, we recommend accumulating the stock in the Rs 254–251 zone, with a stop-loss at Rs 244.

Strategy: Buy

Target: Rs 270

Stop-Loss: Rs 244

Godawari Power and Ispat | CMP: Rs 277.3

Godawari Power has witnessed a downward-sloping trendline breakout on the daily chart, supported by a healthy surge in volumes. The RSI, which was range-bound earlier, has moved higher and is now placed just below the 60 mark, indicating improving bullish momentum.

The DI has crossed above DI- on the ADX indicator, highlighting strong buying interest. Additionally, the MACD line has moved above the zero line, with rising histogram bars, further reinforcing the positive outlook.

Hence, we recommend accumulating the stock in the Rs 275–280 zone, with a stop-loss at Rs 269.

Strategy: Buy

Target: Rs 300

Stop-Loss: Rs 269

Lumax Auto Technologies | CMP: Rs 1,623.3

Lumax Auto Technologies has witnessed a strong pullback from its 100-day EMA in recent sessions, highlighting resilient buying interest. On the weekly chart, the stock has taken support at its 20-week EMA and moved higher, reaffirming that the broader uptrend remains firmly intact.

On the previous two occasions, dips below the 100-day EMA were short-lived, with the stock quickly reclaiming lost ground, reflecting consistent buying on declines. The DI crossing above DI- on the ADX indicator signals strengthening buyer dominance, while a bullish MACD crossover further reinforces the positive outlook.

Hence, we recommend accumulating the stock in the Rs 1,610–1,630 zone, with a stop-loss at Rs 1,550.

Strategy: Buy

Target: Rs 1,780

Stop-Loss: Rs 1,550

Rupak De, Senior Technical Analyst at LKP Securities

HCL Technologies | CMP: Rs 1,381.3

HCL Technologies has given a consolidation breakout on the daily timeframe, suggesting rising optimism around the stock. Additionally, the price has moved above the 21 EMA. The RSI has entered a bullish crossover after a strong base formation.

On the higher end, the stock may move towards Rs 1,440, while on the lower end, support is placed at Rs 1,350.

Strategy: Buy

Target: Rs 1,440

Stop-Loss: Rs 1,350

Union Bank of India | CMP: Rs 180.32

Union Bank of India has given a consolidation breakout on the daily timeframe, indicating rising optimism. Additionally, the price has been sustaining above the 50-hourly SMA.

The RSI has re-entered a bullish crossover. On the higher end, the stock may move towards Rs 188, while on the lower end, support is placed at Rs 177.

Strategy: Buy

Target: Rs 188

Stop-Loss: Rs 177

Aakash Shah, Research Analyst at Choice Broking

Emcure Pharmaceuticals | CMP: Rs 1,593.4

Emcure Pharmaceuticals is exhibiting a strong bullish breakout on the daily chart, indicating continuation of a larger uptrend. The stock has decisively crossed and sustained above the crucial Rs 1,570 resistance zone, marking a multi-timeframe breakout and signalling fresh buying momentum.

It is currently trading at higher levels and holding firmly above all key moving averages, reinforcing the positive structure. The RSI is positioned near the 62 mark, suggesting strengthening momentum without being overbought. The upside target is placed at Rs 1,755, aligning with the 0.786 Fibonacci extension, while Rs 1,500 acts as a strong support and stop-loss zone.

Strategy: Buy

Target: Rs 1,755

Stop-Loss: Rs 1,500

KSB | CMP: Rs 812

KSB is showing a bullish setup after delivering a breakout above the key consolidation zone around the Rs 800 level. The stock has also breached a falling trendline resistance, indicating a reversal of the prior downtrend. Price action continues to maintain a higher high–higher low structure, reflecting sustained buying interest.

Additionally, the 20-day EMA has crossed above the 50-, 100-, and 200-day EMAs, confirming a positive crossover and strengthening trend momentum. The stock is trading comfortably above these averages, suggesting further upside potential. A move towards Rs 875 is expected, while Rs 780, near the 20-day EMA, acts as a reliable support and stop-loss level.

Strategy: Buy

Target: Rs 875

Stop-Loss: Rs 780

Lloyds Metals and Energy | CMP: Rs 1,307.7

Lloyds Metals & Energy is indicating a bullish reversal setup on the daily chart after forming a base near the Rs 1,120 zone, resembling a double-bottom pattern. The stock has delivered a decisive breakout from the consolidation range between Rs 1,275–1,295 levels, supported by improved price action.

Importantly, it has sustained above the key psychological level of Rs 1,300, signalling strength. A breakout above the falling trendline further confirms a shift towards bullish momentum. The stock is now trading above all major EMAs, highlighting trend strength. The upside target is seen at Rs 1,400, while Rs 1,250, near the 200-day EMA, acts as a strong support and stop-loss level.

Strategy: Buy

Target: Rs 1,400

Stop-Loss: Rs 1,250