Bulls held the fort for three days, driving the Nifty 50 beyond 22,900 with a gain of 73 points on March 20. The market breadth remained strong, with approximately 2,196 shares advancing compared to 444 declining shares on the NSE. The bullish bias is expected to be sustained in the upcoming sessions. Below are some trading ideas for the near term:

Jatin Gedia, Technical Research Analyst at Mirae Asset Sharekhan

Coforge | CMP: Rs 7,550.45

Coforge has been falling in a channelized manner. The momentum indicator is showing signs of exhaustion in selling pressure and is likely to witness a turnaround soon. The current weakness should be considered an accumulation opportunity. On the upside, we expect the stock to break out of this channel and test the previous swing high of Rs 8,006.

Strategy: Buy

Target: Rs 7,890, Rs 8,006

Stop-Loss: Rs 7,380

APL Apollo Tubes | CMP: Rs 1,492.8

APL Apollo Tubes has found support at the 61.82% Fibonacci retracement level of the previous rise and has started the next leg of its upward movement. The daily momentum indicator has shown a positive crossover, which is a buy signal. The stock has managed to close above the key short-term averages, indicating a price crossover and suggesting a bullish bias. We expect the stock to witness a sharp run-up and anticipate a target of Rs 1,629 from a short-term perspective.

Strategy: Buy

Target: Rs 1,629

Stop-Loss: Rs 1,440

Indraprastha Gas | CMP: Rs 193.3

Indraprastha Gas has broken out of a Triangle pattern on the upside. The momentum indicator has shown a positive crossover, which is a buy signal. We expect the stock to target levels of Rs 201 (pattern target) and Rs 205 (daily upper Bollinger band). We foresee the continuation of positive momentum, with both the daily and hourly momentum indicators showing a positive crossover.

Strategy: Buy

Target: Rs 201, Rs 205

Stop-Loss: Rs 189

Vidnyan S Sawant, Head of Research at GEPL Capital

Indian Hotels | CMP: Rs 810.6

Indian Hotels has exhibited a strong bullish trend since 2020, consistently respecting the key 12- and 26-month EMAs, reinforcing its strength on a higher timeframe. On the weekly scale, the stock has attracted buying interest from its 50% Fibonacci retracement level. Additionally, a breakout from a three-week inside bar pattern this week further strengthens the positive outlook. The RSI (Relative Strength Index) momentum indicator, currently at 58, has witnessed a bullish crossover, indicating improving momentum.

Strategy: Buy

Target: Rs 932

Stop-Loss: Rs 762

Camlin Fine Sciences | CMP: Rs 178.3

On the monthly scale, Camlin Fine Sciences has broken out of a falling channel, signaling a trend reversal. On the weekly scale, the stock continues its upward movement while respecting the key 12- and 26-week EMAs, reinforcing its positive trend strength. Additionally, the MACD (Moving Average Convergence Divergence) indicator is in an uptrend, confirming bullish momentum.

Strategy: Buy

Target: Rs 200

Stop-Loss: Rs 169

BSE | CMP: Rs 4,392.5

On the weekly scale, BSE has shown buying interest from the 61.8% Fibonacci retracement level of the prior uptrend (Rs 2,115–Rs 6,133), indicating positive price development. On the daily scale, the index has successfully reclaimed the 200-day EMA, reflecting improving sentiment. Additionally, the Stochastic indicator has formed a bullish crossover, signaling momentum improvement.

Strategy: Buy

Target: Rs 5,140

Stop-Loss: Rs 4,125

One 97 Communications | CMP: Rs 763.1

Paytm has witnessed a bullish breakout from a falling channel, with the prior week's Doji candlestick, followed by a strong bullish candle, indicating robust price development. The stock has attracted buying interest from its 50% Fibonacci retracement level of the prior upmove (Rs 310–Rs 1,062). Additionally, the Stochastic indicator has formed a bullish crossover, with %K reclaiming the 35 mark, reinforcing that the positive price action is supported by bullish momentum.

Strategy: Buy

Target: Rs 855

Stop-Loss: Rs 724

Sudeep Shah, Deputy Vice President and Head of Technical and Derivative Research at SBI Securities

Bharat Dynamics | CMP: Rs 1,198

On Wednesday, the Nifty India Defence index strongly outperformed the frontline indices, surging nearly 5 percent. All the constituents of this index ended on a positive note. Bharat Dynamics has given a Bullish Pennant pattern breakout on a daily scale. This breakout was supported by a robust volume of more than double the 50-day average volume, indicating strong buying interest from market participants. Currently, the stock is trading above its short and long-term moving averages. Further, the daily RSI is in bullish territory and is rising, reinforcing the positive momentum. Hence, we recommend accumulating in the zone of Rs 1,200–1,190 levels.

Strategy: Buy

Target: Rs 1,320

Stop-Loss: Rs 1,135

IRFC | CMP: Rs 128.11

Indian Railway Finance Corporation has witnessed a breakout from an Inverted Head and Shoulders pattern on the daily chart, backed by volume surpassing the 50-day average. The breakout is reinforced by the formation of a strong bullish candle on the breakout day, adding to its credibility. Additionally, the stock has moved above its 20-day EMA, while the daily RSI, trading above its 9-day average and trending upward, signals strengthening bullish momentum. Hence, we recommend accumulating in the zone of Rs 129–128 levels.

Strategy: Buy

Target: Rs 142

Stop-Loss: Rs 121

CG Power and Industrial Solutions | CMP: Rs 663.3

CG Power and Industrial Solutions has given a horizontal trendline breakout on a daily scale. This breakout is confirmed by a relatively higher volume. Currently, the stock is trading above its short and long-term moving averages. The 20-day and 50-day EMAs have started edging higher. Furthermore, the falling slope of the 100-day and 200-day EMAs has slowed down significantly, which is a bullish sign. Additionally, the daily RSI has surged above the 60 mark for the first time since December 2024, reinforcing the strengthening momentum. Hence, we recommend accumulating in the zone of Rs 665–660 levels.

Strategy: Buy

Target: Rs 720

Stop-Loss: Rs 635