Equity benchmark indices recouped all of their Tuesday's losses, with the Nifty 50 gaining half a percent on August 13, as market breadth turned in favour of the bulls. A total of 1,560 shares advanced compared to 1,149 declining shares on the NSE. Range-bound trading is likely to be seen in the market in the upcoming sessions. Below are some short-term trading ideas to consider:

Rupak De, Senior Technical Analyst at LKP Securities

NMDC Steel | CMP: Rs 43.02

NMDC Steel has given a spectacular breakout from its prolonged downward consolidation, clearly indicating a bullish price reversal after more than halving from Rs 73 to a low of Rs 32. Moreover, the stock has closed above the 200 EMA for the first time since August 2024.

The RSI displayed a hidden positive divergence, further adding to the recent positivity around the stock. On the higher side, it may move towards Rs 48–50, while support on the lower side is placed at Rs 40.

Strategy: Buy

Target: Rs 50

Stop-Loss: Rs 40

Eternal | CMP: Rs 312.35

Eternal has given a downward consolidation breakout on the daily chart, indicating increased bullishness. Moreover, it has been sustaining above the critical moving average. Additionally, the RSI is in a bullish crossover. The sentiment is likely to remain positive in the short term, with potential upside towards Rs 333, while a stop-loss is placed at Rs 303.

Strategy: Buy

Target: Rs 333

Stop-Loss: Rs 303

TVS Motor Company | CMP: Rs 3,019.2

TVS Motor Company has given a flag pattern breakout on the daily chart, indicating a resumption of the uptrend following a brief corrective phase. Moreover, it has been sustaining above the critical moving average. Additionally, the RSI is in a bullish crossover. The sentiment is likely to remain positive in the short term, with potential upside towards Rs 3,350, while a stop-loss is placed at Rs 2,900.

Strategy: Buy

Target: Rs 3,350

Stop-Loss: Rs 2,900

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

Mahindra and Mahindra | CMP: Rs 3,282.2

M&M has recently demonstrated notable technical strength by establishing a solid base near its 50-day EMA, a key support level that often acts as a springboard for bullish moves. During this consolidation phase, the stock has formed an Adam & Adam Double Bottom pattern on the daily chart. On Wednesday, the stock decisively broke above the neckline of this pattern, confirming the breakout on a daily scale.

All major moving averages are aligned positively, and momentum indicators are echoing strength. The daily RSI has surged past the 60 mark and continues to trend upward, indicating increasing bullish momentum and suggesting that the stock may be entering a fresh leg of rally. Hence, we recommend accumulating the stock in the zone of Rs 3,290-3,270 levels.

Strategy: Buy

Target: Rs 3,510

Stop-Loss: Rs 3,180

Multi Commodity Exchange of India | CMP: Rs 8,339

After registering a high of Rs 9,115 on July 1, MCX entered a phase of healthy correction. The correction was accompanied by below-average volume activity, indicating that the decline was likely a routine correction following a sharp rally, rather than a sign of distribution or weakness. The correction found support near the 50-day EMA, where the stock formed a strong base, suggesting accumulation at lower levels.

The stock has formed a strong base near the support zone and witnessed a strong rebound. The reversal from the support zone is confirmed by relatively higher volume. The daily RSI has also rebounded from lower levels and is about to surge above the 60 mark. Hence, we recommend accumulating the stock in the zone of Rs 8,350-8,300 levels.

Strategy: Buy

Target: Rs 8,900

Stop-Loss: Rs 8,070

Indian Hotels Company | CMP: Rs 769.8

Indian Hotels is currently poised for a breakout from a Symmetrical Triangle pattern on the daily chart. On Wednesday, the stock witnessed a notable surge in volume. This uptick in volume suggests accumulation and growing investor interest ahead of a potential breakout. Technically, the stock is trading above both its short-term and long-term moving averages.

What adds further strength to the setup is the behaviour of the daily RSI, which has climbed above the 60 mark for the first time since April 2025, signaling a revival in bullish momentum. Overall, the combination of pattern formation, volume expansion, and improving momentum indicators points toward a likely breakout, provided the stock sustains above key resistance levels. Hence, we recommend accumulating the stock in the zone of Rs 775-765 levels.

Strategy: Buy

Target: Rs 830

Stop-Loss: Rs 745