Equity benchmarks fell half a percent amid consolidation and range-bound trading on August 11, with market breadth remaining weak. About 1,771 shares declined, compared with 1,270 shares that advanced on the NSE. The market is expected to rebound amid continued range-bound trading and may attempt to defend the previous day’s low. Below are some short-term trading ideas to consider:

Amol Athawale, VP Technical Research at Kotak Securities

Tata Consultancy Services | CMP: Rs 2,445.7

On the daily scale, after the recent upmove, TCS is trading sideways and forming a flag chart pattern above its important moving averages. The stock is exhibiting a bullish continuation chart pattern, indicating that a new leg of the upmove is likely to resume from the current levels in the coming sessions.

For the next few trading sessions, Rs 2,360 could be the trend-deciding level for the bulls. If the stock sustains above this level, we can expect the uptrend to extend towards Rs 2,600.

Strategy: Buy

Target: Rs 2,600

Stop-Loss: Rs 2,360

Bharat Dynamics | CMP: Rs 1,307.6

Following its declining trend, Bharat Dynamics reversed from its important support zone. The stock has formed a rounding-bottom chart pattern on the daily scale and is now in a steady upmove. Technical indicators such as the RSI are also indicating further upside from the current levels, which could boost bullish momentum in the coming sessions.

As long as the stock trades above Rs 1,260, the bullish texture is likely to continue. Above this level, the stock could move up to Rs 1,400.

Strategy: Buy

Target: Rs 1,400

Stop-Loss: Rs 1,260

BSE | CMP: Rs 3,605

On the weekly scale, following its declining trend from higher levels, BSE is trading near its crucial retracement zone and has witnessed a steady recovery from lower levels. Additionally, on the daily chart, the stock has given a breakout from its sloping channel formation.

The upmove in the stock suggests the beginning of a new leg of the bullish trend from the current levels. For positional traders, Rs 3,480 would be the decisive level. Sustaining above this level would keep the uptrend intact, with the stock potentially moving towards Rs 3,850. However, if it closes below Rs 3,480, traders may prefer to exit their long positions.

Strategy: Buy

Target: Rs 3,850

Stop-Loss: Rs 3,480

Ashish Kyal, Founder and CEO of Waves Strategy Advisors

Anand Rathi Wealth | CMP: Rs 2,158

In the previous trading session, Anand Rathi Wealth closed above the prior day’s high. On the daily chart, the stock showed a strong rebound of more than 7 percent after testing the 38.2 percent Fibonacci retracement level of July 2026, suggesting the presence of buyers at lower levels. Also, for the past four trading sessions, the stock has been closing above the prior day’s high, which is a sign of strength.

The Bollinger Bands have now started to expand, indicating an increase in volatility and strengthening momentum. Along with that, the MACD line has crossed above the signal line, adding credibility to the breakout. For now, a break above Rs 2,177 is required for the bullish momentum to continue, potentially driving the stock towards Rs 2,350 or higher. The nearest support is around Rs 2,090.

Strategy: Buy

Target: Rs 2,350

Stop-Loss: Rs 2,090

LTM | CMP: Rs 4,850

In the previous month, LTM announced its quarterly results, and since then, the stock has been heading higher with each passing session. It has also been one of the major contributors to the recent rally in the IT sector. The stock has managed to protect its low on a closing basis since August 6, which is a positive sign.

It has also broken out of its months-long rounding-bottom pattern. Along with that, the ADX and DI indicators are showing a reading of 31, with the DI line heading higher, indicating a continuation of bullish momentum.

For now, dips can be used to ride the trend, with key support around Rs 4,640. The stock could move towards the Rs 5,000 level, followed by Rs 5,200.

Strategy: Buy

Target: Rs 5,000, Rs 5,200

Stop-Loss: Rs 4,640

Pine Labs | CMP: Rs 167.58

In the previous session, Pine Labs outperformed the broader market by closing in the green with a gain of almost 3.5 percent. It has also broken out of its consolidation range of Rs 134.65–164.70, signalling renewed buying interest. Along with that, the stock has been forming higher highs and higher lows since August 3, indicating a change in trend and adding confirmation to the breakout.

The stock is also sustaining above the 50-period EMA, which has previously acted as support for the price and is considered a positive sign. For now, a move above Rs 172 could push the price higher towards Rs 179, followed by Rs 185, as long as Rs 164 remains protected on the downside.

Strategy: Buy

Target: Rs 179, Rs 185

Stop-Loss: Rs 164