Equity benchmarks rallied more than 1 percent on April 10 after a day of correction, with healthy market breadth. About 2,479 shares saw buying interest, compared to 491 declining shares on the National Stock Exchange. The market may see consolidation following the failure of the US-Iran talks to reach an agreement. Below are some short-term trading ideas to consider:

Rajesh Palviya, Senior Vice President Research (Head of Research) at Axis Securities

Bharat Heavy Electricals | CMP: Rs 284.7

On the weekly chart, BHEL is trending higher within an up-sloping channel, forming higher tops and bottoms, which indicates a sustained uptrend. With the current close, the stock has decisively surpassed a multiple-resistance zone of the past couple of months around the Rs 275 level, accompanied by huge volumes, indicating a strong comeback of bulls.

The stock is well placed above its 20-, 50-, 100-, and 200-day simple moving averages (SMAs). The daily, weekly, and monthly Relative Strength Index (RSI) is in favourable territory, indicating rising strength across all timeframes. The daily Bollinger Band buy signals indicate increased momentum.

Strategy: Buy

Target: Rs 300, Rs 320

Stop-Loss: Rs 270

Dixon Technologies | CMP: Rs 10,676

With the recent week’s close, Dixon Technologies decisively surpassed the downtrend line of the past six to seven months, breaking out above the Rs 10,250 level on a closing basis. The huge volume indicates a short-term trend reversal.

In the past couple of months, the stock has witnessed strong demand around the Rs 10,000–9,700 levels, which remain a strong support zone. The daily and weekly RSI are in favourable territory, indicating rising strength across all timeframes. Currently, the stock is sustaining above the 20-day SMA (Rs 10,297), which reconfirms a positive bias.

Strategy: Buy

Target: Rs 11,600, Rs 12,000

Stop-Loss: Rs 10,300

Adani Energy Solutions | CMP: Rs 1,157.9

The weekly price action has decisively broken out past the multi-year resistance zone of Rs 1,070 on a closing basis, along with huge volumes. The last two weeks saw rising volumes, indicating increased participation. The daily and weekly Bollinger Band buy signals indicate increased momentum. The daily, weekly, and monthly RSI is in favourable territory, indicating rising strength across all timeframes.

The stock is well placed above its 20-, 50-, 100-, and 200-day simple moving averages (SMAs). These averages are also inching up with the price rise, which reconfirms bullish sentiment.

Strategy: Buy

Target: Rs 1,250, Rs 1,350

Stop-Loss: Rs 1,100

Osho Krishan, Chief Manager - Technical & Derivative Research at Angel One

Mahindra and Mahindra | CMP: Rs 3,259.8

M&M has witnessed a strong recovery over the past week, moving decisively above its 20-day EMA on the daily chart after an extended corrective phase. The uptrend is supported by a runaway bullish gap and improving technical indicators, suggesting continued upward momentum.

From a risk-reward perspective, the stock is currently positioned in an attractive zone, offering favourable opportunities for accumulation for investors with a near- to medium-term horizon. Hence, we recommend buying M&M around Rs 3,220–3,200.

Strategy: Buy

Target: Rs 3,450, Rs 3,500

Stop-Loss: Rs 3,020

Wipro | CMP: Rs 204.88

Wipro has been in a prolonged downtrend, trading below key EMAs across all timeframes. The stock has recently approached a historical support level, which has previously acted as a strong cushion and catalyst for upward momentum. A bullish candlestick formation on the weekly chart indicates an early reversal signal, presenting a potential accumulation opportunity with limited downside risk.

Technically, a positive crossover in the 14-week RSI further reinforces the bullish undertone, suggesting improving momentum and the possibility of a sustainable recovery in the near term. Hence, we recommend buying Wipro around Rs 200.

Strategy: Buy

Target: Rs 225, Rs 230

Stop-Loss: Rs 185

Waaree Energies | CMP: Rs 3,281.4

Waaree Energies has maintained a sustained move above its 200-day SMA (200-DSMA) in recent weeks, reinforced by a breakout in the latest sessions. The stock has formed multiple bullish patterns, including a double bottom and a flag breakout, indicating a strong structural setup and a favourable near-term outlook.

Additionally, technical indicators remain well aligned with price momentum, further strengthening the bullish bias and supporting the potential for continued upside. Hence, we recommend buying Waaree Energies around Rs 3,250–3,200.

Strategy: Buy

Target: Rs 3,500, Rs 3,560

Stop-Loss: Rs 3,050

Anshul Jain, Technical Analyst at Lakshmishree Investments

Sona BLW Precision Forgings | CMP: Rs 554.25

Sona BLW Precision Forgings has completed a 47-week cup-and-handle formation, signalling a strong continuation setup within a broader uptrend. The breakout above Rs 544 is structurally significant, backed by expanding volumes, indicating institutional participation and follow-through potential.

Price is now trading firmly above rising daily and weekly EMAs, which are acting as dynamic support and reinforcing trend strength across timeframes. The pattern projects an upside towards Rs 625, offering a favourable risk–reward setup. Immediate support lies at Rs 544, with a deeper invalidation zone near Rs 520. Sustained momentum above breakout levels could accelerate gains, while failure to hold Rs 544 may trigger short-term consolidation.

Strategy: Buy

Target: Rs 625

Stop-Loss: Rs 530

Ather Energy | CMP: Rs 863.05

Ather Energy has triggered a decisive breakout from a bullish flat base on both daily and weekly charts after three weeks of tight consolidation near Rs 796. The range contraction, followed by a high-volume expansion, reflects strong accumulation and clear institutional participation. Price holding firmly above rising daily and weekly EMAs underscores trend alignment and suggests these averages will act as a launchpad for further upside.

The breakout structure projects a measured move towards Rs 1,050, offering an attractive risk–reward profile. Immediate support stands at Rs 796, with a broader invalidation zone near Rs 750. Sustained follow-through could accelerate momentum, while any dip toward support may invite fresh buying interest.

Strategy: Buy

Target: Rs 1,050

Stop-Loss: Rs 800

Cummins India | CMP: Rs 5,138.7

Cummins India has confirmed a bullish flag breakout on the weekly chart near Rs 5,000, marking a continuation of the primary uptrend. The pattern follows a strong prior impulse, and the breakout is supported by rising volumes, indicating renewed institutional participation.

Price emerging from a cluster of weekly moving average support suggests a fresh expansion phase, with these averages now acting as a launchpad. The structure implies an upside trajectory towards Rs 5,700, offering a favourable risk–reward setup.

Immediate support is placed at Rs 5,000, while a breakdown below Rs 4,800 would invalidate the bullish setup. Sustained momentum above breakout levels could trigger accelerated trend extension in the near term.

Strategy: Buy

Target: Rs 5,700

Stop-Loss: Rs 5,000