Equity benchmarks bounced back amid range-bound trading to close 0.3 percent higher on the Nifty 50 on May 22. Market breadth remained slightly positive, with about 1,539 shares advancing against 1,407 declining shares on the NSE. A strong move beyond last week's high is required for further market upside; otherwise, range-bound trading may continue. Below are some short-term trading ideas to consider:

Rajesh Palviya, Senior Vice President Research (Head of Research) at Axis Securities

Sun Pharma Advanced Research Company | CMP: Rs 209.77

With the current weekly close, Sun Pharma Advanced Research Company (SPARC) decisively surpassed the past one-year consolidation zone around the Rs 189 level on a closing basis. This indicates a trend reversal on the medium-term chart. Rising volumes over the past four weeks signal increased participation.

The daily and weekly Bollinger Band buy signals indicate strengthening momentum. The daily, weekly, and monthly Relative Strength Index (RSI) remains in favourable territory, indicating rising strength across all time frames.

The stock is well placed above its 20, 50, 100, and 200-day simple moving averages (SMAs). These averages are also inching higher along with the price rise, further confirming bullish sentiment.

Strategy: Buy

Target: Rs 235, Rs 255

Stop-Loss: Rs 195

Minda Corp | CMP: Rs 574.65

With Friday’s sharp 7 percent upmove, Minda Corp decisively surpassed the multiple resistance zone around the Rs 558 level, which had remained intact for the past three months, on a closing basis. This breakout was accompanied by huge volumes, indicating strong participation in the breakout zone.

The daily Bollinger Band buy signals indicate strengthening momentum. The daily and weekly RSI remains in positive territory, reconfirming rising strength.

Strategy: Buy

Target: Rs 610, Rs 630

Stop-Loss: Rs 555

Gland Pharma | CMP: Rs 2,334

For the past couple of years, Gland Pharma had consolidated within the Rs 1,400–2,220 range. However, following the strong gains witnessed during the past week, the stock has delivered a consolidation breakout on a closing basis.

The weekly and monthly Bollinger Band buy signals indicate increasing momentum.

The stock is well placed above its 20, 50, 100, and 200-day simple moving averages (SMAs). These averages are also gradually moving higher along with the price rise, reaffirming bullish sentiment. The daily, weekly, and monthly RSI remains in favourable territory, indicating rising strength across all time frames.

Strategy: Buy

Target: Rs 2,460, Rs 2,700

Stop-Loss: Rs 2,250

Techno Electric & Engineering Company | CMP: Rs 1,334.5

Techno Electric & Engineering Company witnessed a breakout above the weekly down-sloping trendline near the Rs 1,320 level on a closing basis. Heavy trading volumes during the breakout indicate increased participation.

On the weekly chart, the stock continues to form higher tops and higher bottoms, indicating a strong uptrend. The daily, weekly, and monthly RSI remains in favourable territory, signalling rising strength across all time frames.

Strategy: Buy

Target: Rs 1,410, Rs 1,485

Stop-Loss: Rs 1,300

Aditya Thukral, Founder & Analyst of AT Research & Risk Managers

JSW Steel | CMP: Rs 1,285.5

JSW Steel has been sustaining above the breakout levels of the cup-and-handle pattern, while the trading range has narrowed over the past few days. Such range contraction generally results in a move in favour of the prevailing trend, which remains upward in this case.

The stock has been in a strong uptrend, forming higher highs and higher lows while sustaining above all major exponential moving averages (EMAs), which are sloping upward. The stock has created strong support around Rs 1,245, encouraging buyers to take low-risk long positions.

The stock can be bought at current levels with a stop-loss below Rs 1,260, as it has consistently sustained above the pattern breakout and now appears poised for further acceleration.

Strategy: Buy

Target: Rs 1,335

Stop-Loss: Rs 1,260

GE Power India | CMP: Rs 731.85

GE Power India has exhibited a cup pattern spanning nearly two years. The breakout occurred alongside rising volumes, and after a brief correction, prices have resumed movement in favour of the larger uptrend. Previous resistance levels are now acting as support, in line with the principle of polarity.

The stock remains in an uptrend across all time frames, marked by the formation of higher highs and higher lows. Prices are consistently trading above all major exponential moving averages, which are sloping upward. During the past few days, the RSI cooled off from overbought territory and is now presenting a buying opportunity that could push prices higher.

The stock can be bought at current levels with a stop-loss at Rs 678, as previous resistance levels have now turned into support.

Strategy: Buy

Target: Rs 850

Stop-Loss: Rs 678

Anshul Jain, Head of Research at Lakshmishree Investments

JB Chemicals and Pharmaceuticals | CMP: Rs 2,192.6

JB Chemicals & Pharmaceuticals, after breaking out from an 81-week rounding pattern, has successfully completed its retest and moved back into clean blue-sky territory, indicating strong trend continuation.

The latest weekly candle formed an inside bar, while the mother bar registered a fresh all-time high, highlighting tight price contraction near the highs. Such volatility compression near lifetime highs often precedes a sharp expansion move.

The setup now points toward a potential breakout above Rs 2,210, which could trigger fresh momentum and drive the stock toward Rs 2,350 initially. Weekly moving averages remain perfectly aligned below the price, acting as a strong launchpad and reinforcing the bullish structure. Sustained trade above the breakout zone keeps bulls firmly in control.

Strategy: Buy

Target: Rs 2,350, Rs 2,500.

Stop-Loss: Rs 2,100

Supriya Lifescience | CMP: Rs 774.10

Supriya Lifescience is forming a well-defined 79-week rectangle pattern and has delivered a successful retest of the range bottom, followed by a sharp “tennis ball”-style rebound from the base support.

The recovery reflects strong demand absorption at lower levels and improving bullish momentum. Price action now suggests that the stock could head toward the range top near Rs 832 in the near term.

Notably, volume expansion during the rebound indicates growing participation, with bulls likely attempting an upside range expansion supported by positive results. Weekly moving averages remain largely sideways but are beginning to show signs of an upward turn, positioning them as a potential launchpad for a sustained breakout move.

Strategy: Buy

Target: Rs 832

Stop-Loss: Rs 740

Endurance Technologies | CMP: Rs 2,721.8

Endurance Technologies is forming a bullish cup-and-handle pattern on the weekly charts, with volumes steadily rising as the stock approaches the neckline after completing the handle formation.

The structure reflects healthy consolidation within a broader uptrend, while increasing participation suggests strong accumulation ahead of a potential breakout.

Price action near the neckline indicates tightening supply and improving momentum, which often acts as a precursor to trend expansion. A decisive breakout above the Rs 2,800 zone would confirm the pattern breakout and trigger fresh bullish momentum.

Upon confirmation, the stock is likely to move toward the immediate pattern target of Rs 3,100. Sustained trading above the breakout zone will be crucial for maintaining the bullish structure.

Strategy: Buy

Target: Rs 3,100

Stop-Loss: Rs 2,650