The market kept climbing on Dec 22, with most stocks moving up. Below are easy‑to‑follow short‑term buying ideas for several Indian shares, each with a price range to enter, a target, and a stop‑loss.
Ceat Ltd.
- Current price: ₹3,933
- Why consider buying? The share fell about 18% from its recent high, reaching a level where many traders expect buying interest.
- Entry range: ₹3,940 – ₹3,900
- Target: ₹4,300
- Stop‑loss: ₹3,765
Endurance Technologies Ltd.
- Current price: ₹2,657
- Why consider buying? After a 14.5% dip, the stock is holding near a technical support zone.
- Entry range: ₹2,680 – ₹2,650
- Target: ₹2,850
- Stop‑loss: ₹2,545
HPL Electric & Power Ltd.
- Current price: ₹402
- Why consider buying? The share has recovered from a steep 42% drop and is now near a known demand zone.
- Entry range: ₹405 – ₹400
- Target: ₹460
- Stop‑loss: ₹375
JSW Energy Ltd.
- Current price: ₹479
- Why consider buying? Open interest is rising while price fell, suggesting short sellers may cover.
- Entry range: ₹475 – ₹480 (futures)
- Target: ₹500 – ₹510
- Stop‑loss: ₹459
UPL Ltd.
- Current price: ₹777
- Why consider buying? The stock broke out of a triangle pattern with increasing open interest.
- Entry range: ₹775 – ₹780
- Target: ₹800 – ₹820
- Stop‑loss: ₹760
Glenmark Pharma Ltd.
- Current price: ₹2,038
- Why consider buying? A breakout from a downtrend and strong put buying suggest upside potential.
- Entry range: ₹2,030 – ₹2,040 (futures)
- Target: ₹2,120 – ₹2,200
- Stop‑loss: ₹1,970
IDFC First Bank Ltd.
- Current price: ₹85.35
- Why consider buying? The share is in a clear uptrend, above key moving averages and positive momentum indicators.
- Target: ₹92
- Stop‑loss: ₹82
BSE Ltd.
- Current price: ₹2,775.5
- Why consider buying? The stock is bouncing off a 12‑week EMA and forming higher highs and higher lows.
- Target: ₹3,108
- Stop‑loss: ₹2,636
Jamna Auto Industries Ltd.
- Current price: ₹127.21
- Why consider buying? A steady uptrend since April with strong momentum signals.
- Target: ₹140
- Stop‑loss: ₹122
Hindustan Zinc Ltd.
- Current price: ₹606.5
- Why consider buying? A breakout from a triangle on high volume, now trading above short‑term EMAs.
- Target: ₹648
- Stop‑loss: ₹581
These ideas are meant for short‑term traders who can monitor the price levels closely. Remember, this is just my view—not a guarantee. Do your own research and manage risk wisely.