Stock Picks: Equity benchmarks saw profit -booking on Monday, June 30, after four consecutive days of rise. In this, the Nifty fell 50 half percent. However, the market’s bread still remained in favor of the bulls. 1,567 shares gained on NSE, while 1,106 shares remained under pressure. The market may be further consolidated, although overall trends are still positive. Market experts have given some short-term trading ideas below, which can give an opportunity to earn.
Jigar S Patel, Senior Manager – Equity Research, Anand Rathi
Voltas recently broke out of a one -month consolidation phase, which came with a sharp lead in the volume. This suggests that the stock is having strong acuration. This breakout is technically special as it is under the “Inside Value” relationship, where the price action remained within the R3 -S3 zone throughout the month (according to the Camarilla Pivot). When the current month’s pivis live within the last month’s range, it is often a sign of a large directional move.
The Daily RSI remains over 50 consecutive and currently at 57, which shows the strength of the Momentum. Traders can consider taking a long position in the range of ₹ 1,315–1,280.
Strategy: Buy
Target: ₹ 1,540
Stop-Loss: ₹ 1,175
Varun Beverages | CMP: ₹457.55
Varun Beverages has recently created a Twezer Bottom pattern close to ₹ 446–447, which coincides with the S1 Monthly Floor Pivot. This shows strong support at lower levels. V-shape recovery is visible in the Daily RSI, which is from the oversold zone of 30. This is a sign of possible changes in Momentum. Traders can take a long position in the range of ₹ 458–453.
Strategy: Buy
Target: ₹ 510
Stop-Loss: ₹ 430
Hindustan Unilever | CMP: ₹2,294.6
Hul has created a strong base in a zone of ₹ 2,250–2,300, which coincides with S1 floor pivot and an old brakeout zone. A complex W-shape structure on the Daily RSI chart is usually indicating trend reversal. Traders can take long positions within the radius of ₹ 2,300–2,285.
Strategy: Buy
Target: ₹ 2,470
Stop-Loss: ₹ 2,200
Jai Thakkar, Vice President and Head – Derivatives and Quant Research, ICICI Securities
The SRF futures have a constant trend in the upper direction, and the sectorial sentiment is also positive. Long positions are being added and the speed in the price is increasing, which has increased the chances of uptaking. Call disinterest is seen at ₹ 3,100 – ₹ 3,200 on strikes, and the stock is trading above its Max Pen Level ₹ 3,150.
It is also above its 20-day VWAP, which leads to further speed. You can buy SRF futures in a range of ₹ 3,260 – ₹ 3,240.
Strategy: Buy
Target: ₹ 3,350, ₹ 3,400
Stop-Loss: ₹ 3,150
Page Industries | CMP: ₹49,410
Page Industries is constantly creating a ‘higher high’ pattern, and the open interest has increased rapidly, indicating long buildups. The stock has a breakout over several swing resistance, which has strengthened the upset potential.
There is a put addition at ₹ 45,000 and ₹ 48,000 stripes, and a call on ₹ 48,000 – ₹ 49,000 has been shown to be unliked, which confirms the Bulish Sentament. The stock is above its 20-day VWAP and Max Pen level. You can buy futures in a range of ₹ 48,900 – ₹ 49,000.
Strategy: Buy
Target: ₹ 52,000, ₹ 54,000
Stop-Loss: ₹ 47,000
Apollo Hospitals Enterprises | CMP: ₹7,242
Apollo Hospitals has a breakout from Sideways Consolidation, as well as short coverings in the Futures segment. Despite the call addition to ₹ 7,300 and ₹ 7,500 stripes, the stock remains above the 20-day VWAP and Max Pen level, which shows the possibility of support and upset at the lower levels. You can buy ₹ 7,250 – ₹ ₹ 7,300.
Strategy: Buy
Target: ₹ 7,500, ₹ 7,650
Stop-Loss: ₹ 7,050
Vidyan Sawant, Head of Research, GEPL Capital
Engineers India | CMP: ₹240.81
Engineers India shows strong bullish momentum and excellent price structure. Bullish Polyrity Shift is seen on the monthly chart, where the old resistance of 2010 and 2017 has now turned into support. This has constantly made ‘Higher High’ and ‘Higher Low’ patterns. The stock on the weekly chart is made above its 20 and 50-week EMA, and the MACD line seems to be increasing.
Strategy: Buy
Target: ₹ 280
Stop-Loss: ₹ 225
Cholamandalam Financial Holdings | CMP: ₹2,166
Cholamandalam Financial is in a strong long long term uptrend. The brakeout has been done with a base pattern on the monthly chart, which reflects the positive shift in the sentiment. This stock remains above its 12-mother EMA. It is also trading above 12 and 26-week EMA on the weekly chart. MACD is indicating increasing growth.
Strategy: Buy
Target: ₹ 2,496
Stop-Loss: ₹ 2,050
Lloyds Metals and Energy | CMP: ₹1,588.9
LONGS METALS has a long term uptrend. Higher high and higher low patterns on the monthly chart, and recently it has broken the swing high of January 2025. This stock remains above its 12, 26, 50 and 100 weeks of EMA. The MACD line is also going up.
Strategy: Buy
Target: ₹ 1,806
Stop-Loss: ₹ 1,504
Eicher Motors | CMP: ₹5,656.5
Despite volatility, Eicher Motors is showing strong relative strength on the long term chart. It is constantly being made higher high and higher lows, indicating bullish structural shifts. The stock on the weekly chart is made above its 12 and 26-week EMA. The MACD is in the positive zone, which confirms the Bulish Momentum.
Strategy: Buy
Target: ₹ 6,317
Stop-Loss: ₹ 5,414
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