Equity benchmarks recouped all their opening losses and closed higher by nearly 0.2 percent on May 20. Market breadth slightly tilted in favour of the bulls, with 1,497 shares advancing against 1,432 declining shares on the NSE. Further upside in the market is likely in the upcoming session, but the sustainability of gains will be key to watch. Below are some short-term trading ideas to consider:

Rupak De, Senior Technical Analyst at LKP Securities

Granules India | CMP: 758.65

Granules India has given a consolidation breakout on the daily chart, indicating renewed buying interest after a phase of sideways movement. The breakout suggests that the stock may be preparing for the next leg of the uptrend. In addition, the price has been sustaining above critical moving averages, reflecting underlying strength in the trend structure.

Momentum indicators are also supporting the bullish setup, as the RSI is in a bullish crossover and trending higher, indicating improving positive momentum. Over the short term, the stock may move towards Rs 815. On the downside, strong support is placed near Rs 719, below which the stock may lose momentum and slip back into a consolidation phase.

Strategy: Buy

Target: Rs 815

Stop-Loss: Rs 719

Tata Motors Passenger Vehicles | CMP: Rs 361.25

Tata Motors Passenger Vehicles has recently reclaimed its 20-EMA on the daily timeframe, reflecting underlying buying interest. On the daily chart, the RSI has moved into a bullish crossover, indicating strengthening momentum. As long as the stock sustains above key support levels, the bias is likely to remain positive, with potential upside towards Rs 385 in the near term. Immediate support is placed at Rs 344.

Strategy: Buy

Target: Rs 385

Stop-Loss: Rs 344

Latent View Analytics | CMP: Rs 317.95

Latent View Analytics has given a consolidation breakout on the daily chart, indicating renewed buying interest after a phase of sideways movement. Besides, the price has been sustaining above critical moving averages for the last four days, reflecting underlying strength in the trend structure.

Momentum indicators are also supporting the bullish setup, as the RSI is in a bullish crossover and trending higher, indicating improving positive momentum. Over the short term, the stock may move towartowards Rs 340. On the downside, strong support is placed near Rs 308, below which the stock may lose momentum.

Strategy: Buy

Target: Rs 340

Stop-Loss: Rs 308

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

CG Power and Industrial Solutions | CMP: Rs 853.25

CG Power and Industrial Solutions witnessed a strong rebound from its 20-day EMA, signalling sustained buying interest at lower levels. The stock also managed to close above the highs of the previous three sessions, reinforcing the positive price structure. Importantly, buying emerged near the previous support zone of Rs 804–794, highlighting strong demand in that region.

Technical indicators have also turned favourable, with DI crossing above DI- on the ADX indicator, indicating buyers are gaining control over sellers. The RSI has climbed sharply from 51 to 61, reflecting improving bullish momentum.

Additionally, Wednesday’s close above the Bollinger Bands midline further strengthens the positive undertone for the stock. Hence, accumulation is recommended in the stock in the Rs 855–850 zone, with a stop-loss at Rs 820. On the upside, the stock is likely to test the Rs 915 level in the short term.

Strategy: Buy

Target: Rs 915

Stop-Loss: Rs 820

Cummins India | CMP: Rs 5,399.5

Cummins India has witnessed a strong rebound from its 20-day EMA on the daily chart, reaffirming the importance of this support zone. Currently, the stock is on the verge of giving a consolidation breakout on the daily scale. The steadily rising ratio line in the Cummins India/Nifty ratio chart suggests that the stock is likely to continue outperforming the benchmark index in the near term.

Momentum indicators are also turning favourable, with the RSI settling slightly above the 60 mark, signalling strengthening bullish momentum. Although the Rs 5,400–5,430 zone remains a key hurdle, a decisive breakout above this resistance could pave the way for a fresh upward move in the stock.

Hence, accumulation is recommended in the stock in the Rs 5,400–5,350 zone, with a stop-loss at Rs 5,200. On the upside, the stock is likely to test the Rs 5,780 level in the short term.

Strategy: Buy

Target: Rs 5,780

Stop-Loss: Rs 5,200

Hindalco Industries | CMP: Rs 1,085.5

Hindalco Industries has staged a strong rebound from its 20-day EMA, a level that has consistently attracted buying interest. Notably, the same support zone triggered an impressive 8 percent rally in four trading sessions earlier this month, highlighting the stock’s strong upward bias.

Momentum indicators continue to favour the bulls, with DI comfortably placed above DI- on the ADX indicator, reflecting sustained buyer dominance. Adding to the positive setup, the rising MACD histogram bars on the weekly chart indicate strengthening bullish momentum on a broader timeframe. The steadily rising ratio line in the Hindalco/Nifty ratio chart further signals strong relative outperformance, while the RSI reclaiming the 60 mark reinforces improving strength in the ongoing uptrend.

Hence, accumulation is recommended in the stock in the Rs 1,090–1,080 zone, with a stop-loss at Rs 1,050. On the upside, the stock is likely to test the Rs 1,160 level in the short term.

Strategy: Buy

Target: Rs 1,160

Stop-Loss: Rs 1,050

Vaishali Patel, Deputy Manager - Research- Technical Department at Jainam Broking

Samvardhana Motherson International | CMP: Rs 132.17

Motherson has confirmed an ascending triangle breakout on the daily chart, a classic bullish continuation pattern that signals the continuation of the previous trend after a phase of range-bound trading. The stock is currently trading above its 20-day and 50-day Simple Moving Averages (SMA), indicating sustained strength in the near- to medium-term trend.

Notably, the Relative Strength Index (RSI) remains in the bullish momentum zone without entering overbought territory, suggesting healthy buying interest and the potential for further upside momentum in the coming sessions.

Strategy: Buy

Target: Rs 142.50

Stop-Loss: Rs 127

Insecticides India | CMP: Rs 746.15

Insecticides India has broken out of a rectangle range-bound chart pattern after a sharp rise from March 26 on the daily chart, which suggests that the stock may continue its previous uptrend. The stock price is currently consolidating near the pattern breakout level.

It is trading above all the important moving averages, and sustaining above these levels will further strengthen the bullish outlook. The RSI is above 60, and volumes are increasing with every price gain, indicating improving momentum and a positive bias.

Strategy: Buy

Target: Rs 778

Stop-Loss: Rs 718

Onesource Specialty Pharma | CMP: Rs 1,867.4

Onesource Specialty Pharma has rallied 75 percent after making a low of Rs 1,057 in January 2026 and is now trading in a higher high-higher low formation with increasing volumes.

After such a sharp rally, the stock is now witnessing a correction with lower volumes near its shorter-term moving averages. The stock has entered Stage 2 of the uptrend and has formed its first base of consolidation.

Strategy: Buy

Target: Rs 2,021

Stop-Loss: Rs 1,790