11 Feb , 2026 By : Debdeep Gupta
Equity benchmarks closed 0.3 percent higher on February 10, extending the uptrend for the third consecutive session. Market breadth remained positive, with about 1,826 shares advancing against 1,100 declining shares on the NSE. The upward journey of the market may continue amid possible consolidation. Below are some short-term trading ideas to consider:
Amol Athawale, VP Technical Research at Kotak Securities
PVR Inox | CMP: Rs 1,076
On the daily charts, PVR Inox is in a rising channel chart formation with a higher-high and higher-low series pattern. The stock has witnessed a steady recovery from its demand zone. Additionally, the technical indicator RSI is indicating a further uptrend from current levels, which could boost bullish momentum in the near future.
For the next few trading sessions, Rs 1,035 could be the trend-decider level for the bulls. If it sustains above this level, we can expect a further uptrend towards Rs 1,150.
Strategy: Buy
Target: Rs 1,150
Stop-Loss: Rs 1,035
DCB Bank | CMP: Rs 198.58
After its incredible upward move and a breather over the last few sessions, DCB Bank is gaining further traction for a fresh up move. The structure of the chart formation indicates a bullish continuation pattern, which is likely to persist in the near term.
For positional traders, Rs 191 would be the decisive level. Trading above this level, the uptrend formation may continue till Rs 214. However, if the stock closes below Rs 191, traders may prefer to exit long positions.
Strategy: Buy
Target: Rs 214
Stop-Loss: Rs 191
TVS Motor Company | CMP: Rs 3,762.4
After a short-term correction, TVS Motor has rebounded and has been in a rising channel for the last few sessions. Moreover, on the daily charts, the stock has formed a cup-and-handle chart formation. Therefore, a breakout move from the resistance zone for bullish continuation is very likely in the coming trading sessions.
As long as the stock trades above Rs 3,620, the bullish texture is likely to continue, above which the stock could move up to Rs 4,020.
Strategy: Buy
Target: Rs 4,020
Stop-Loss: Rs 3,620
Ashish Kyal, CMT, Founder and CEO of Waves Strategy Advisors
Hindustan Unilever | CMP: Rs 2,453.6
The FMCG sector is showing renewed momentum, with Hindustan Unilever acting as a key outperformer. In the previous session, the stock gave a fresh breakout from an inverted head-and-shoulders pattern, which is a classic and strong bullish reversal signal. Also, over the last three trading sessions, each daily candle has closed above the prior day’s high, highlighting consistent buying strength.
The stock has also broken above the upper Bollinger Bands, indicating expanding volatility and strengthening upward momentum. For now, one can use dips as a buying opportunity, with targets of Rs 2,560 followed by Rs 2,630, while support is seen around the Rs 2,340 level.
Strategy: Buy
Target: Rs 2,560, Rs 2,630
Stop-Loss: Rs 2,340
Birlasoft | CMP: Rs 465.5
Birlasoft has been moving within a larger cup-and-handle pattern on the daily chart since June 2025. In the previous session, the stock finally gave a breakout from the said pattern and closed above the neckline of Rs 462, rising more than 4%, indicating bullishness in the stock.
Additionally, volumes have started to increase considerably, acting as a double confirmation. Along with this, the 45 EMA (blue) has already crossed above the 200 EMA (green), which is a bullish crossover indicating that the short-term trend is shifting from down to up. For now, a break above Rs 470 can push prices higher towards Rs 515 or beyond, with the nearest support around the Rs 445 level.
Strategy: Buy
Target: Rs 515
Stop-Loss: Rs 445
Indian Bank | CMP: Rs 906
The PSU banks sector continues to outperform, gaining strength with each passing session. Within the sector, Indian Bank has been trading higher since mid-December 2025, forming a clear higher-high and higher-low structure, which reflects sustained buying interest.
Recently, the stock rebounded sharply after testing its 30-day EMA, situated near the Rs 860–865 levels, which also aligns with the 38.2% Fibonacci retracement support of the prior rally. From this support zone, prices have surged more than 6%, indicating strong buying interest at lower levels.
The RSI is hovering near 60, signaling strengthening bullish momentum and ample room for further upside. A decisive breakout above Rs 915 can extend the rally towards Rs 951 and Rs 990, while Rs 875 remains a key support on the downside.
Strategy: Buy
Target: Rs 951, Rs 990
Stop-Loss: Rs 875
Aditya Thukral, Founder & Analyst of AT Research & Risk Managers
Bajaj Auto | CMP: Rs 9,774
Bajaj Auto has been breaking out of a consolidation phase formed over the last few days, along with a breakout being witnessed in the 14-period RSI. The stock prices are now trading above all its major exponential moving averages—20-day, 50-day, 100-day, and 200-day—with all the EMAs sloping upwards. Along with this, an established uptrend across all timeframes makes the stock attractive for buying.
Any intraday dip towards the support level of Rs 9,740 would be a buying opportunity, as previous resistances have now turned into supports.
Strategy: Buy
Target: Rs 101,50
Stop-Loss: Rs 9,470
Bharat Electronics | CMP: Rs 437.3
A symmetrical triangle breakout was witnessed in BEL a couple of weeks ago, accompanied by an expansion in volumes. Since then, prices have been sustaining above the breakout zone, where previous resistances have now turned into supports, following the principle of polarity.
The stock is consistently trading above all its major exponential moving averages—20-day, 50-day, 100-day, and 200-day—and an imminent uptrend is established with the formation of higher highs and higher lows across all timeframes. The 14-period RSI reading near 57 suggests there is sufficient room for buyers to push prices further upwards.
Now that the stock is closer to the lower range of the current consolidation formed after the breakout, it makes sense to go long around the Rs 432 level, which offers a low-risk entry.
Strategy: Buy
Target: Rs 452
Stop-Loss: Rs 424
Axis Bank | CMP: Rs 1,356.7
Axis Bank has exhibited a rounding cup-type formation, with the breakout witnessed after the results announcement, accompanied by rising volumes. Now that the stock has sustained above the breakout levels and is exhibiting a fresh fractal/swing low, it may begin its upward journey.
The stock is well placed above all its major exponential moving averages—20-day, 50-day, 100-day, and 200-day—with all the EMAs sloping upwards, establishing a strong uptrend across all timeframes.
The 14-period RSI is reading near the 60 level, providing comfort to buyers to take fresh entries around current prices or on minor dips till Rs 1,345.
Strategy: Buy
Target: Rs 1,420
Stop-Loss: Rs 1,317
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