Equity benchmarks witnessed a profit booking-led correction on May 26 after two days of gains. Market breadth also turned negative, with about 1,571 shares declining against 1,402 advancing shares on the NSE. The market is likely to remain in a consolidation phase as long as it trades below Tuesday's high. Below are some short-term trading ideas to consider:

Amol Athawale, VP Technical Research at Kotak Securities

NTPC Green Energy | CMP: Rs 103.04

After a prolonged decline, NTPC Green Energy has rebounded from a key demand zone, signalling renewed buying interest. The stock has formed bullish reversal patterns on both the daily and intraday charts, accompanied by a steady upward move.

The RSI indicator also points to strengthening momentum, indicating potential for further upside. For the near term, Rs 99 remains a crucial level for bulls. As long as the stock holds above this support, the positive trend is likely to persist, with the possibility of the price advancing toward the Rs 110 level in the coming sessions.

Strategy: Buy

Target: Rs 110

Stop-Loss: Rs 99

TVS Motor Company | CMP: Rs 3,454.9

On the daily scale, after a short-term price correction, TVS Motor Company rebounded from its multiple support zone. Moreover, the stock is trading within a rising channel chart formation with a higher high-higher low pattern. The stock witnessed a steady recovery from lower levels.

Additionally, the RSI technical indicator is also signalling a further uptrend from current levels, which could boost bullish momentum in the near future. For the next few trading sessions, Rs 3,330 could be the trend-decider level for bulls. If the stock sustains above the same, a further uptrend toward Rs 3,690 can be expected.

Strategy: Buy

Target: Rs 3,690

Stop-Loss: Rs 3,330

Oil and Natural Gas Corporation | CMP: Rs 287.5

On a broader scale and on the daily charts, Oil and Natural Gas Corporation (ONGC) is trading within a rising channel chart formation with a higher high-higher low pattern. The stock witnessed a steady recovery from trendline support levels. Additionally, the ADX technical indicator is also signalling a further uptrend from current levels, which could boost bullish momentum in the near future.

For positional traders, Rs 277 would be the decisive level. If the stock trades above the same, the uptrend formation is likely to continue toward Rs 310. However, if it closes below Rs 277, traders may prefer to exit their long positions.

Strategy: Buy

Target: Rs 310

Stop-Loss: Rs 277

Ashish Kyal, Founder and CEO of Waves Strategy Advisors

Chambal Fertilisers & Chemicals | CMP: Rs 477.95

Chambal Fertilisers and Chemicals surged more than 3 percent in the previous session, indicating strong bullish momentum emerging in the stock. On the daily chart, prices had been consolidating within a broad range of Rs 399-474 since February 11, reflecting a phase of accumulation before the next directional move.

In the latest trading session, the stock delivered a decisive breakout above this consolidation zone, supported by a sharp increase in volumes, highlighting strong buying participation.

The momentum indicator KST (Know Sure Thing) has also crossed above its signal line and is sustaining above the zero line, indicating strengthening momentum. For now, a sustained move above Rs 487 may open the doors for further upside toward Rs 535, while Rs 462 is expected to act as an important support zone in the near term.

Strategy: Buy

Target: Rs 535

Stop-Loss: Rs 462

Ather Energy | CMP: Rs 950.6

Ather Energy has been closing above the prior day's high for two consecutive trading sessions, suggesting emerging buying momentum on the daily chart. The stock has also been outperforming broader market indices over the past few weeks, reflecting strong relative strength.

Technically, prices recently took support near the baseline (red line) of the Ichimoku Cloud indicator and resumed their upward move, suggesting the bullish trend remains intact.

Additionally, the ADX and DI indicators are trading near 31, well above the important 25 mark, signalling trend continuation. For now, a decisive breakout above Rs 990 could trigger a fresh upside move toward Rs 1,030, followed by the Rs 1,100 level, while Rs 945 can act as a key support zone.

Strategy: Buy

Target: Rs 1,030, Rs 1,100

Stop-Loss: Rs 945

Kirloskar Oil Engines | CMP: Rs 1,750.8

Kirloskar Oil Engines took support near its 50-period EMA around the Rs 1,540 zone on May 15, from where a strong reversal was witnessed. However, after the initial bounce, the stock entered a phase of tight consolidation for nearly four to five trading sessions before finally delivering a breakout in the previous session. Prices are now trading close to the previous all-time high zone near Rs 1,775, indicating strengthening bullish momentum.

Additionally, the stock has been forming higher highs and higher lows over the past two trading sessions, reflecting fresh buying interest. For now, a decisive breakout above Rs 1,775 could open the doors for a fresh rally toward new all-time highs, with potential upside targets of Rs 1,900-1,920, while the Rs 1,690 zone is expected to act as an important support.

Strategy: Buy

Target: Rs 1,900, Rs 1,920

Stop-Loss: Rs 1,690

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

Vidya Wires | CMP: Rs 101.61

Vidya Wires has been in an uptrend with the formation of higher highs and higher lows. The stock is well placed above all the major exponential moving averages, which are sloping upward.

The stock has started moving in favour of a larger uptrend after a small correction and registered its highest-ever closing. This move was accompanied by an expansion in volumes, while a breakout in the RSI momentum indicator added further significance to the breakout. The stock retraced toward the 20-day EMA and bounced off sharply, indicating the strength of the ongoing uptrend.

The stock can be bought at current levels with a stop-loss at Rs 98, as it is witnessing an expansion in the ongoing uptrend.

Strategy: Buy

Target: Rs 111

Stop-Loss: Rs 98

Usha Martin | CMP: Rs 480.8

Usha Martin has been in an uptrend with the formation of higher highs and higher lows. The stock has exhibited multiple bullish patterns, including a cup pattern and a volatility contraction pattern. It has started moving in favour of a larger uptrend after a brief accumulation phase, with the move being accompanied by an expansion in volumes.

The stock has been consistently sustaining above all the major EMAs, which are sloping upward. It has created strong support around the Rs 460 level and continues to stay above the 20-day EMA, indicating strength in the ongoing uptrend.

The stock can be bought at current levels with a stop-loss below Rs 460, as it has exhibited multiple bullish continuation patterns.

Strategy: Buy

Target: Rs 520

Stop-Loss: Rs 460