Even though the Indian market didn’t get the usual year‑end lift, a few stocks are showing strong technical signs that could make them good short‑term buys for the next couple of weeks.
Market snapshot
The Nifty slipped about 0.4% on Monday, ending at 25,942 and marking a third straight losing day. December’s monthly loss of roughly 1% ended a three‑month winning streak, although the index is still up about 10% for the year.
With the third‑quarter earnings season about to start and global news still uncertain, volatility is expected to stay high. In such an environment, analysts suggest focusing on stocks that show clear bullish technical patterns.
Why short‑term stock picks matter now
When the market is choppy, stocks that are trading above key moving averages, forming higher highs and higher lows, or breaking out of resistance levels often outperform. These technical cues can help traders catch short‑term upside while limiting risk.
Expert‑recommended short‑term picks (1‑2 weeks)
- Tata Consumer Products – Buy around ₹1,195
Target: ₹1,285‑₹1,310 • Stop‑loss: ₹1,130
Why: Price is above all major moving averages and has broken a previous downtrend line, indicating a strong uptrend. - Bikaji Foods International – Buy around ₹758
Target: ₹816 • Stop‑loss: ₹717
Why: The stock rebounded sharply from its 200‑day moving average and is forming a rounding‑bottom pattern, hinting at a possible trend reversal. - Federal Bank – Buy around ₹263
Target: ₹275‑₹280 • Stop‑loss: ₹254
Why: Trading well above key averages with a recent breakout on rising volume, showing continued buying interest. - Tata Communications – Buy around ₹1,800
Target: ₹1,960 • Stop‑loss: ₹1,725
Why: Holds support near the 100‑day EMA and RSI is near oversold levels, suggesting a potential bounce. - BPCL – Buy around ₹374
Target: ₹405 • Stop‑loss: ₹355
Why: Forms a clear higher‑high/higher‑low pattern and sits above multiple EMAs, with RSI indicating healthy momentum. - Dr. Lal PathLabs – Buy around ₹1,428
Target: ₹1,520 • Stop‑loss: ₹1,380
Why: Trading in a demand zone, recently broke out of a short consolidation, and RSI is rising from oversold territory.
How to manage risk
Each recommendation includes a stop‑loss level – the price at which you should exit if the trade moves against you. Keeping the stop‑loss tight helps protect your capital while you wait for the stock to reach its target.
Bottom line
Even without a festive “Santa rally,” there are still clear technical opportunities in the market. The six stocks above have shown bullish patterns that could deliver short‑term gains for careful retail investors.
Remember, this is just one perspective, not a guaranteed prediction. Do your own research and consider your risk tolerance before investing.