The benchmark indices witnessed mild selling pressure amid range-bound trading on July 21, though the market breadth remained mildly positive. About 1,557 shares advanced, compared with 1,415 shares that declined, on the NSE. The market is likely to remain range-bound with a negative bias, while participants continue to monitor geopolitical tensions and crude oil prices. Below are some short-term trading ideas to consider:

Prestige Estates Projects | CMP: Rs 1,706.9

After a remarkable rally and a breather over the last few sessions, Prestige Estates Projects is gaining further traction for an upmove. The breakout from the consolidation pattern on the chart indicates a bullish continuation pattern.

Therefore, the upward momentum in the stock is likely to persist in the near term. As long as the stock trades above Rs 1,650, the bullish trend is likely to continue, above which it could move towards Rs 1,830.

Strategy: Buy

Target: Rs 1,830

Stop-Loss: Rs 1,650

Bajaj Finance | CMP: Rs 1,069.2

On the daily charts, Bajaj Finance is trading within a rising channel formation, characterised by a series of higher highs and higher lows. The stock has witnessed a steady recovery from its short-term moving averages.

Additionally, the RSI is signalling further upside from the current levels, which could strengthen the bullish momentum in the near future. For the next few trading sessions, Rs 1,030 could be the trend-deciding level for the bulls. If the stock sustains above this level, it could extend its uptrend towards Rs 1,150.

Strategy: Buy

Target: Rs 1,150

Stop-Loss: Rs 1,030

Bharat Dynamics | CMP: Rs 1,273.2

On the broader timeframe, Bharat Dynamics had been in a prolonged downtrend. Therefore, it is currently nearing its oversold territory. The chart structure and the RSI indicate that the stock is likely to rebound and begin a fresh leg of the upmove from the current levels.

For positional traders, Rs 1,230 would be the decisive level. As long as the stock trades above this level, the uptrend is likely to continue towards Rs 1,360. However, if it closes below Rs 1,230, traders may consider exiting their long positions.

Strategy: Buy

Target: Rs 1,360

Stop-Loss: Rs 1,230

Ashish Kyal, Founder and CEO of Waves Strategy Advisors

Manappuram Finance | CMP: Rs 351.75

Manappuram Finance continued to outperform the broader market in the previous session, surging more than 4 percent to hit a fresh all-time high of Rs 353.5. The stock has consistently been forming higher highs and higher lows, while the Bollinger Bands are expanding, reflecting a strong bullish trend and increasing volatility.

On the lower timeframe, however, the RSI has entered the overbought zone, suggesting the possibility of a short-term dip. Therefore, any decline towards the Rs 348-346 zone should be viewed as a buying opportunity. As long as the stock holds above Rs 335, the broader bullish structure remains intact, with the potential to extend the rally towards the Rs 360-370 zone.

Strategy: Buy

Target: Rs 360, Rs 370

Stop-Loss: Rs 335

United Breweries | CMP: Rs 1,404.4

In the previous session, United Breweries gained nearly 4 percent and delivered a decisive breakout from its month-long consolidation range of Rs 1,315-1,383, accompanied by a sharp increase in volumes, which were the highest since May 26, adding confirmation to the breakout.

In addition, the stock has moved back above the key 50-period EMA at Rs 1,368 for the first time since February 10, indicating strength in the ongoing upmove. For now, any dip towards the Rs 1,385-1,390 zone can be used as a buying opportunity, with key support placed around Rs 1,330 and upside targets of Rs 1,440, followed by Rs 1,500.

Strategy: Buy

Target: Rs 1,440, Rs 1,500

Stop-Loss: Rs 1,330

Britannia Industries | CMP: Rs 5,482

Over the past week, Britannia Industries has been the standout outperformer compared to its sector. In the previous session, the stock ended with marginal gains near its prior swing high of Rs 5,483.

On the daily chart, the stock rebounded more than 4 percent after testing its 30-period SMA on July 14, which coincided with the 61.8 percent Fibonacci retracement of the rally seen during the first half of July 2026, reaffirming the presence of buyers at lower levels.

The RSI is hovering around 62, indicating healthy momentum with enough room for further upside before entering the overbought zone. Additionally, the stock continues to form a pattern of higher highs and higher lows, reinforcing the prevailing bullish trend. A decisive breakout above Rs 5,500 could trigger the next leg of the rally towards Rs 5,765, followed by Rs 6,020. On the downside, Rs 5,235 remains the key support level to watch.

Strategy: Buy

Target: Rs 5,765, Rs 6,020

Stop-Loss: Rs 5,235

Mahesh M Ojha, Vice President Research & Business Development at Kantilal Chagganlal Securities

ICICI Bank | CMP: Rs 1,463.1

ICICI Bank has delivered a decisive breakout above its previous swing highs and is currently trading near its all-time high zone, indicating strong bullish momentum.

The stock has rallied sharply after forming a higher-bottom pattern, supported by consistent buying interest and improving market breadth.

Technically, the stock is trading well above its key short- and long-term moving averages, confirming a strong uptrend. The 14-day RSI is at 73.7, indicating bullish momentum. However, it has entered the overbought zone, suggesting that some near-term consolidation or profit booking cannot be ruled out after the recent sharp rally.

The 14-day ADX stands at 34.2, indicating that the ongoing trend is strong and well established. As long as the ADX remains above 25, the primary trend is expected to remain positive. A buy-on-dips strategy is recommended in the Rs 1,450-1,460 range.

Strategy: Buy

Target: Rs 1,480, Rs 1,500, Rs 1,520

Stop-Loss: Rs 1,440

Mahindra and Mahindra | CMP: Rs 3,201.7

Mahindra & Mahindra is showing signs of a gradual bullish recovery after a prolonged consolidation phase. The stock has been forming a series of higher highs and higher lows, indicating improving buying interest. It is currently trading close to the upper end of its recent trading range.

The 14-day RSI is at 61.9, reflecting strengthening bullish momentum without entering the overbought zone. This suggests there is still room for the stock to extend its upward move. The short-term technical structure remains constructive as long as the stock holds above the Rs 3,100-3,150 zone. A buy-on-dips strategy is recommended in the Rs 3,180-3,210 range.

Strategy: Buy

Target: Rs 3,260, Rs 3,300, Rs 3,350

Stop-Loss: Rs 3,080

Central Mine Planning & Design Institute | CMP: Rs 264.7

CMPDI has recently witnessed a strong breakout from the Rs 255-258 consolidation zone, accompanied by a significant rise in volumes, indicating fresh buying interest. The stock rallied towards the Rs 270-273 zone, where it is currently witnessing minor profit booking.

Despite this, the overall trend remains positive as the stock continues to trade above the recent breakout zone. The 14-day RSI is around 60.6, indicating positive momentum with enough room for another leg higher before entering the overbought territory.

The recent pullback appears to be a healthy retracement rather than a reversal, provided the stock sustains above its immediate support. A buy-on-dips strategy is recommended in the Rs 262-265 range.

Strategy: Buy

Target: Rs 275, Rs 288, Rs 295

Stop-Loss: Rs 238