Indian Stock Market Sees Uptrend
The Indian stock market continued its upward trend on December 12, with benchmark indices rising over half a percent. A total of 1,878 shares advanced, while 947 declined on the NSE. The market is expected to remain range-bound, with last week's support acting as a key base.
Stocks to Buy
Here are 8 stocks that are expected to see strong gains in the short term:
- SRF: The stock has witnessed a strong rebound from the lower-end support zone and has confirmed an inverse head-and-shoulders formation. Target: Rs 3,150, Rs 3,250. Stop-Loss: Rs 2,960.
- Vodafone Idea: The stock is trending higher, forming a series of higher tops and bottoms. It has confirmed a rounding bottom breakout at the Rs 11 level. Target: Rs 14, Rs 16. Stop-Loss: Rs 11.
- Hindustan Zinc: The stock has confirmed a trendline breakout at the Rs 528 level, accompanied by huge volumes. Target: Rs 610, Rs 660. Stop-Loss: Rs 530.
- BPCL: The stock has confirmed a long-term breakout near the Rs 355 zone and has witnessed a sharp rebound. Target: Rs 395. Stop-Loss: Rs 350.
- Granules India: The stock is in a strong uptrend, with every minor dip towards the 50-DEMA being actively bought. Target: Rs 610. Stop-Loss: Rs 554.
- IDFC First Bank: The stock has confirmed a range breakout, signalling a resumption of the primary uptrend. Target: Rs 88. Stop-Loss: Rs 79.
- Adani Energy Solutions: The stock has delivered a decisive breakout from a 126-day cup-and-handle pattern. Target: Rs 1,098, Rs 1,126. Stop-Loss: Rs 970.
- Ratnaveer: The stock has been coiling into a tightening triangle since May 2025, reflecting sustained compression and energy build-up. Target: Rs 195, Rs 200. Stop-Loss: Rs 154.
Market Trends
The Indian stock market is expected to remain range-bound, with last week's support acting as a key base. The benchmarks indices are expected to see a strong uptrend, with stock prices rising in the short term. Investors are advised to keep an eye on market trends and stock news to make informed decisions.