Equity benchmarks turned positive and closed 0.4 percent higher on June 22, with market breadth favouring the bulls. Around 1,929 shares advanced, compared to 1,102 declining shares on the NSE. The market trend remains healthy, but a sustained close above long-term moving averages is needed for further sharp upside. Below are some short-term trading ideas to consider:

Jigar S Patel, Senior Manager - Equity Research at Anand Rathi

Eicher Motors | CMP: Rs 7,639.5

Eicher Motors has witnessed a classic price-structure breakout backed by strong volumes, indicating renewed buying interest and strengthening bullish momentum. The stock has also broken above a flat Ichimoku Cloud resistance, reinforcing the positive trend outlook.

Momentum indicators remain supportive, with the RSI holding above 50 and the MACD sustaining above the zero line, confirming improving strength across multiple time frames. As long as the stock holds above the breakout zone, the uptrend is likely to continue. Traders may consider entering long positions in the Rs 7,650–7,550 zone.

Strategy: Buy

Target: Rs 8,225

Stop-Loss: Rs 7,300

Torrent Power | CMP: Rs 1,475.2

Torrent Power is trading near a strong support confluence, with the 200-day EMA, 200-day SMA, the previous breakout zone, and a rising trendline all converging in the same area. Additionally, a bullish divergence on the daily Stochastic Oscillator suggests that downside momentum is weakening.

The RSI on both the daily and weekly charts remains above the 50 mark, indicating sustained bullish strength. As long as the stock holds above this support zone, the technical setup remains constructive, with a higher probability of a fresh upward move in the coming sessions. Traders may consider entering long positions in the Rs 1,480–1,440 zone.

Strategy: Buy

Target: Rs 1,635

Stop-Loss: Rs 1,370

Bajaj Auto | CMP: Rs 10,191

Bajaj Auto is approaching a strong technical support zone around its 50-day Simple Moving Average (SMA), which also aligns with the Ichimoku Cloud support, indicating a favourable risk-reward setup. The MACD is showing signs of a bullish reversal near this support, suggesting that downside momentum may be fading.

Additionally, the RSI on both the daily and weekly charts remains above the 50 mark, reflecting sustained positive momentum and a healthy underlying trend. As long as the stock holds above the key support area, the probability of an upward move remains intact. Traders may consider entering long positions in the Rs 10,200–10,100 zone.

Strategy: Buy

Target: Rs 11,200

Stop-Loss: Rs 9,600

Jay Thakkar, Vice President & Head of Derivatives and Quant Research at ICICI Securities

Hindustan Aeronautics | CMP: Rs 4,515.20

Hindustan Aeronautics has recently witnessed strong price action on the upside, with the stock forming higher highs. Meanwhile, overall open interest (OI) in the futures segment has declined, indicating short covering in the stock. With the majority of short positions now covered, the probability of fresh long additions has increased.

The stock has managed to close above the Rs 4,500 level, which has the highest Call base. Above this level, there is a higher probability of Call unwinding. It is already trading well above the Rs 4,400 level, which is its maximum pain level. Additionally, there have been strong Put additions at lower levels, coupled with Call unwinding, signalling an overall trend reversal. Buy HAL Futures in the Rs 4,500–4,535 range.

Strategy: Buy

Target: Rs 4,700, Rs 4,800

Stop-Loss: Rs 4,400

Sun Pharmaceutical Industries | CMP: Rs 1,863.2

Sun Pharma has been consolidating within a broader range for a long period, during which long unwinding was also witnessed. However, over the past quarter, the stock has seen a fresh upmove accompanied by fresh long additions, indicating renewed interest.

The Nifty Pharma and Healthcare indices have also performed well over the past two months, which is a positive sign, as the stock tends to gain momentum when the broader sector is also in an uptrend.

The stock is trading well above its maximum pain level of Rs 1,820, which now acts as a short-term support. There is no major resistance until Rs 1,900, which is currently its primary Call base. Therefore, an upmove of around 2 percent from current levels cannot be ruled out. Beyond Rs 1,900, there is no significant Call base, suggesting relatively greater upside potential. Buy Sun Pharma Futures in the Rs 1,855–1,870 range, with a stop-loss below Rs 1,825.

Strategy: Buy

Target: Rs 1,950, Rs 1,975

Stop-Loss: Rs 1,825

United Spirits | CMP: Rs 1,343.1

United Spirits appears to have formed a strong base, and prices have started making higher highs and higher lows. At the same time, most short positions seem to have been covered. Overall OI in the futures segment is once again at lower levels, indicating reduced leverage.

From here, the probability of fresh long additions is higher, driven by expectations of improved corporate earnings following the UK-India Free Trade Agreement (FTA), which is expected to benefit both the company and the sector.

According to options data, there is no major hurdle above Rs 1,350, which currently has the immediate Call base. A move above Rs 1,350 could accelerate the stock towards Rs 1,400, the next significant Call base. There has been strong OI build-up at the Rs 1,300, Rs 1,350, and Rs 1,400 Put strikes. Additionally, the stock has managed to close above Rs 1,330, which is its maximum pain level. Buy United Spirits Futures in the Rs 1,330–1,345 range, with a stop-loss below Rs 1,305.

Strategy: Buy

Target: Rs 1,400, Rs 1,430

Stop-Loss: Rs 1,305

Somil Mehta, Head of Retail Research at Mirae Asset ShareKhan

Power Finance Corporation | CMP: Rs 440.95

PFC has retraced nearly 61.8 percent of the five-wave rally observed in April 2026. Over the past few weeks, it has established a base around this retracement level, and in Monday's session, it broke out of this consolidation range. This suggests that selling pressure has been absorbed, paving the way for renewed bullish momentum in the coming sessions.

The stock is expected to gradually move higher towards the Rs 470–486 range in the near term.

Strategy: Buy

Target: Rs 470, Rs 486

Stop-Loss: Rs 422

Multi Commodity Exchange of India | CMP: Rs 2,870.4

MCX India has undergone a five-wave decline from its high of Rs 3,480, indicating that the medium-term trend remains negative unless the stock breaks above Rs 3,480 on the upside. However, the stock has corrected by more than 20 percent, and a pullback from this sharp decline appears likely.

It formed a positive weekly candle after rebounding from the 20-week SMA a couple of weeks ago. As long as the swing low of Rs 2,750 remains intact, the stock can move higher towards Rs 3,094 and Rs 3,185, which correspond to its 50 percent and 61.8 percent retracement levels, respectively.

The daily momentum indicator is currently in bullish mode, supporting the possibility of a near-term recovery.

Strategy: Buy

Target: Rs 3,094, Rs 3,185

Stop-Loss: Rs 2,750

TD Power Systems | CMP: Rs 1,326.5

TD Power Systems is forming higher highs and higher lows on the weekly chart, reflecting a medium-term uptrend. In the short term, the stock has rebounded from the 40-day EMA. The daily momentum indicator has delivered a bullish crossover, suggesting that the recent corrective phase has ended and the stock is beginning its next upward move.

From an Elliott Wave perspective, the Wave 4 correction appears complete, and Wave 5 is now in progress. As this Wave 5 advance develops, the stock is expected to move higher towards the Rs 1,400–1,450 range in the upcoming trading sessions.

Strategy: Buy

Target: Rs 1,400, Rs 1,450

Stop-Loss: Rs 1,250

Vidnyan S Sawant, Head of Research at GEPL Capital

Aditya Birla Capital | CMP: Rs 391.95

Aditya Birla Capital continues to display a robust long-term bullish structure. On the weekly chart, the stock has witnessed a decisive breakout from a consolidation phase that had been in place since May 2026 and has subsequently scaled a fresh lifetime high of Rs 392.9.

The consolidation was well supported by the 20-week EMA throughout its formation, reflecting strong buying interest on declines and reinforcing the prevailing uptrend.

Further strengthening the bullish outlook, the MACD remains in positive territory, indicating sustained upward momentum. The successful breakout from the consolidation range, coupled with supportive trend indicators and improving momentum, suggests that the stock is well positioned to extend its upward trajectory in the coming weeks.

Strategy: Buy

Target: Rs 423

Stop-Loss: Rs 375

Indian Hotels Company | CMP: Rs 733

Indian Hotels Company continues to exhibit a strong bullish trend, maintaining its position near a five-month high and forming a consistent pattern of higher highs and higher lows on the weekly chart. The stock remains firmly above its key moving averages, with every corrective phase attracting buying interest and witnessing bullish mean reversion, underscoring the strength of the prevailing uptrend.

A notable technical development occurred recently when the stock broke above a descending trendline that had been in place since December 2024, originating from its lifetime high of Rs 894. The follow-through buying witnessed this week confirms the validity of the breakout and reflects strong market participation.

Further reinforcing the positive outlook, the MACD has entered positive territory and continues to trend higher, indicating strengthening momentum. The combination of the trendline breakout, sustained price strength, and improving momentum signals suggests that the stock is well positioned to extend its uptrend in the weeks ahead.

Strategy: Buy

Target: Rs 812

Stop-Loss: Rs 705