Equity benchmarks fell around 0.6 percent after a four-day winning streak, with market breadth weakening further on February 12. A total of 1,909 shares were under pressure against 1,002 shares that gained on the NSE. The market may weaken further if it decisively breaks the previous day's low. Below are some short-term trading ideas to consider:

Jay Mehta, Technical Research at JM Financial Services

Blue Star | CMP: Rs 1,974

Blue Star broke out above a long-term wedge pattern on February 2, followed by a decisive rally that cleared a strong resistance trendline. On the long-term chart, this trendline coincides with the neckline of a large inverse bullish head-and-shoulders pattern, adding major bullish confluence.

The price now trades comfortably above all key EMAs with upward slopes. Trend and momentum indicators remain firmly bullish, while volume consistently exceeds average levels, confirming strong participation and accumulation. The structure favours continuation on the upside as long as the breakout zone holds. Any dip till Rs 1,900 should be looked at as a buying opportunity.

Strategy: Buy

Target: Rs 2,180, Rs 2,300

Stop-Loss: Rs 1,816

Indus Towers | CMP: Rs 474

Indus Towers broke out above a prolonged triangular consolidation in December 2025. It then formed a bullish continuation head-and-shoulders (H&S) pattern on the 75-minute timeframe. On February 9, it delivered a clear breakout above this H&S pattern, backed by strong volume expansion.

The price trades above all key EMAs with upward-sloping averages. Trend and momentum indicators align with a bullish bias, and volume remains above average, supporting sustained upside momentum. Any dip till Rs 460 should be looked at as a buying opportunity.

Strategy: Buy

Target: Rs 490, Rs 510

Stop-Loss: Rs 437

Aditya Birla Sun Life AMC | CMP: Rs 871.4

Aditya Birla Sun Life AMC broke out above a rectangular sloping channel on February 10. The subsequent rally cleared a major resistance trendline, which, on the long-term chart, serves as the neckline of a long-term inverse bullish head-and-shoulders pattern.

The price now trades above all key EMAs with upward slopes. Trend and momentum indicators confirm a bullish bias, while volume exceeded average levels, indicating strong buyer conviction. The structure remains favourable as long as the breakout zone holds. Any dip till Rs 850 should be looked at as a buying opportunity.

Strategy: Buy

Target: Rs 918, Rs 956

Stop-Loss: Rs 798

Om Mehra, Technical Research Analyst at Samco Securities

Manappuram Finance | CMP: Rs 308.65

Manappuram is holding firm after a sharp rebound, and the price is now trading above the middle Bollinger Band near Rs 300. The current move resembles a range formation between Rs 298 and Rs 313. The last few sessions have formed higher lows, which keep the trend positive as long as the stock sustains above Rs 300 on a closing basis.

The RSI is near 56 and gradually rising, indicating improving strength without entering overbought territory. DMI readings remain steady and do not reflect aggressive selling pressure at current levels. Volumes have been strong during the recovery phase, and the stock continues to hold above short-term moving averages.

Strategy: Buy

Target: Rs 328

Stop-Loss: Rs 295

Ashok Leyland | CMP: Rs 211.02

Ashok Leyland is trading near its all-time high levels, reflecting a strong continuation of the prevailing uptrend on the daily chart. The stock remains comfortably above the Supertrend support near Rs 195, which continues to provide a solid base. The recent breakout above the Rs 205 zone has been accompanied by healthy volumes, with the Nifty Auto index also supporting the broader trend.

The RSI is placed near 71 and holding firm, suggesting strength while remaining in an elevated zone. The MACD remains in positive territory, with the signal line trending upward, supporting further trend continuation.

Strategy: Buy

Target: Rs 225

Stop-Loss: Rs 195

RBL Bank | CMP: Rs 317

RBL Bank has witnessed a rebound after forming a clear double-bottom pattern near the Rs 290 zone. The stock has now moved above the 50-day moving average placed near Rs 305 and recently delivered a strong bullish candle after breaking out above the Rs 310 resistance level. This breakout suggests renewed upward momentum and improved participation at higher levels.

The RSI is placed near 60 and trending upward, reflecting strengthening momentum. The MACD has turned positive with a fresh crossover, supporting the ongoing recovery phase.

Strategy: Buy

Target: Rs 335

Stop-Loss: Rs 303

Aakash Shah, Research Analyst at Choice Broking

Bajaj Finance | CMP: Rs 999.1

Bajaj Finance continues to maintain a longer-term uptrend, marked by a consistent higher high–higher low formation on the chart. After witnessing a healthy retracement from recent highs, the stock has taken support on the downside and is now sustaining above its key 200-day EMA, indicating structural strength and renewed buying interest at lower levels.

Additionally, it has delivered a falling trendline breakout and managed to close above it, signalling a shift in momentum and potential continuation of the bullish trend. The stock is trading firmly above its 50-, 100-, and 200-day EMAs, reflecting positive alignment across multiple timeframes and reinforcing the prevailing bullish bias. Immediate support is placed near Rs 960, which coincides with the previous swing low and highlights accumulation in this zone.

Momentum remains supportive, with the RSI at 60.05, indicating strength and steady upward traction.

Strategy: Buy

Target: Rs 1,100

Stop-Loss: Rs 948

Precision Wires India | CMP: Rs 278.95

Precision Wires India is showing a bullish continuation setup after a healthy consolidation phase within a broader uptrend. The stock has given a decisive breakout above the short-term descending trendline, indicating a resumption of upward momentum.

The price has closed above all key moving averages — 20 EMA, 50 EMA, 100 EMA, and 200 EMA — confirming strong trend alignment across short-term, medium-term, and long-term timeframes. The upward slope of the faster EMAs reflects improving momentum and a strengthening trend structure.

The breakout has been supported by improved volume, suggesting fresh buying interest and accumulation. The consolidation prior to the breakout helped absorb supply, and the recent impulsive move highlights renewed demand.

From a Fibonacci perspective, the current move is targeting the higher extension zones, with the 50 percent and 61.8 percent Fibonacci levels aligning near the Rs 290–308 region. Sustained acceptance above the breakout zone keeps the bullish structure intact and favours continuation toward the Rs 308 level.

Strategy: Buy

Target: Rs 308

Stop-Loss: Rs 270

Max Financial Services | CMP: Rs 1,813.5

Max Financial Services is trading in a well-defined rising trend structure, supported by a clearly visible upward-sloping trendline on the daily chart. The stock continues to respect this rising trendline, highlighting sustained higher-low formation and strong underlying demand.

The stock has given a decisive breakout above the key horizontal resistance zone near Rs 1,750, which had previously capped price action. This breakout signals a structural shift from consolidation to trend continuation and confirms renewed bullish momentum.

The price has closed above all major moving averages — 20 EMA, 50 EMA, 100 EMA, and 200 EMA — confirming strong bullish alignment across short-term, medium-term, and long-term timeframes. The positive slope of these averages reflects healthy trend strength.

The breakout is supported by strong bullish candles and improved volume, indicating institutional participation and accumulation rather than short covering. This adds credibility to the breakout and improves the probability of follow-through.

Strategy: Buy

Target: Rs 1,900

Stop-Loss: Rs 1,725