The benchmark indices wiped out gains in late trade and finished the session moderately lower on May 19. However, market breadth improved, with 1,942 shares advancing against 997 declining shares on the NSE. The market may continue to consolidate until it gives a decisive move beyond the previous week's trading range. Below are some short-term trading ideas to consider:

Amol Athawale, VP Technical Research at Kotak Securities

Bandhan Bank | CMP: Rs 191.21

Over the last couple of weeks, Bandhan Bank has witnessed profit booking at higher levels. However, the medium-term trend of the stock remains positive. Currently, the stock is trading near the 20-day SMA (Simple Moving Average), indicating a strong possibility of a fresh uptrend from the current levels.

We believe that the stock has completed a one-leg correction, and now Rs 185 would act as a key support zone for positional traders. If the stock manages to trade above this level, it could retest the Rs 200–205 range.

Strategy: Buy

Target: Rs 200, Rs 205

Stop-Loss: Rs 185

SBI Life Insurance Company | CMP: Rs 1,881.4

After a short-term correction, SBI Life Insurance has formed a promising reversal pattern on the weekly and daily charts. Post reversal, the stock is holding a higher bottom, which is largely positive.

In addition, it is also trading above the 20-day SMA (Simple Moving Average), which supports a further uptrend from the current levels. For trend-following traders, Rs 1,850 would act as a key support zone. Above this level, the stock could continue its positive momentum toward Rs 1,970. On the flip side, below Rs 1,850, the uptrend would become vulnerable.

Strategy: Buy

Target: Rs 1,970

Stop-Loss: Rs 1,850

Bajaj Finserv | CMP: Rs 1,749.8

After a short-term correction, Bajaj Finserv found support near an important retracement level. On the daily charts, it has formed a promising reversal pattern, which is technically positive.

Unless it trades below the short-term support zone of Rs 1,700, positional traders should retain an optimistic stance and look for a target of Rs 1,820. Fresh buying can be considered at current levels and on dips, if any, between Rs 1,750 and Rs 1,720, with a stop-loss below Rs 1,700.

Strategy: Buy

Target: Rs 1,820

Stop-Loss: Rs 1,700

Ashish Kyal, Founder and CEO of Waves Strategy Advisors

Hexaware Technologies | CMP: Rs 510.55

On the daily chart, Hexaware Technologies has started showing early signs of a trend reversal on the upside. Since March 16, the stock has been consistently forming higher highs and higher lows, which is a sign of renewed buying interest.

In the previous session, volumes witnessed a notable rise, which was the highest since April 2, while prices also broke above the minor prior swing high near Rs 507, adding strength to the bullish setup. Additionally, on the lower timeframe, the stock has given a breakout from a Cup and Handle pattern, which is a positive sign.

For now, a move above the previous session’s high near Rs 517 could extend the buying momentum towards Rs 540, followed by Rs 565. Key support for the setup is placed near Rs 495.

Strategy: Buy

Target: Rs 540, Rs 565

Stop-Loss: Rs 495

Angel One | CMP: Rs 328

On the daily chart, Angel One has broken out of its long-term Triangle pattern, indicating the possibility of a larger upmove ahead. In the previous session, the stock outperformed the Nifty Capital Markets index by rising nearly 8 percent, supported by strong volumes. Also, the price has taken support from the baseline (red) of the Ichimoku Cloud indicator and is reversing upward, acting as a double confirmation of the bullish stance.

However, this sharp upmove has pushed most oscillators on the shorter timeframe into the overbought zone. Therefore, buying on dips towards the Rs 323–326 range would be a prudent strategy, with targets of Rs 336 followed by Rs 348, and a stop-loss at Rs 308.

Strategy: Buy

Target: Rs 336, Rs 348

Stop-Loss: Rs 308

Latent View Analytics | CMP: Rs 325.25

Latent View Analytics was trading in a narrow consolidation range of Rs 277–324 on the daily chart since April 6, indicating a phase of accumulation. In the previous session, the stock surged nearly 5.4 percent and finally gave a breakout from the range, which is a bullish sign. Also, prices reversed sharply upward after successfully testing the 61.8 percent Fibonacci retracement support level on May 14 and surged nearly 23 percent, indicating strong buying interest from lower levels.

Despite the strong upmove over the past three days, the RSI is still trading around the 61 level, indicating ample room for further upside. For now, any break above the Rs 332 level can push prices higher towards Rs 345, followed by Rs 360, with key support around Rs 318.

Strategy: Buy

Target: Rs 345, Rs 360

Stop-Loss: Rs 318

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

Arvind | CMP: Rs 485.8

Arvind has given a breakout above the long-term cup pattern, along with a breakout from short-term consolidation accompanied by an expansion in volumes. The stock is in an uptrend across all timeframes, with the formation of higher highs and higher lows.

The stock prices are consistently trading above all major exponential moving averages, which are sloping upward. Although the RSI is in the overbought zone, that is often the case during bull markets, where the RSI tends to remain overbought during accelerated rallies.

The stock can be bought at current levels and on dips around Rs 473, with a stop-loss below Rs 445, as the stock is accelerating its uptrend.

Strategy: Buy

Target: Rs 550

Stop-Loss: Rs 445

Glenmark Pharma | CMP: Rs 2,405.9

Glenmark Pharmaceuticals has given a breakout after a minor correction by breaking the falling trendline. This breakout has occurred with rising volumes, and the stock has regained levels above the 20-day EMA after experiencing a small correction.

The stock has been in an uptrend, forming higher highs and higher lows, while sustaining above all major EMAs, which are sloping upward. The stock has created fresh support around Rs 2,350, and these are encouraging signs for buyers to take fresh positions.

The stock can be bought at current levels and on dips around Rs 2,370, with a stop-loss below Rs 2,300, as the stock has broken out in the direction of the larger uptrend.

Strategy: Buy

Target: Rs 2,550

Stop-Loss: Rs 2,300

Lodha Developers | CMP: Rs 892.2

Lodha Developers has exhibited a negative reversal pattern, wherein prices are forming lower highs while the 14-period RSI is forming higher highs. The stock is in a downtrend, marked by the formation of lower highs and lower lows, along with prices consistently trading below the major exponential moving averages, which are sloping downward.

Now that the stock has bounced towards the 20-day and 50-day EMAs, any reversal in line with the larger downtrend could push the stock towards fresh 52-week lows in the coming weeks.

The stock can be sold in the futures segment only below the minor support level of Rs 885, with a stop-loss above Rs 910, as the stock has approached short-term resistance levels.

Strategy: Sell

Target: Rs 835

Stop-Loss: Rs 910