The benchmark indices extended their gains for the second consecutive session, with the Nifty 50 rising 1 percent on July 10 amid healthy market breadth. According to reports from Moneycontrol, on the NSE, 2,104 shares advanced against 876 declining shares. The trend is expected to remain positive despite intermittent bouts of consolidation, with the focus on the previous week's high. Below are some short-term trading ideas to consider based on technical analysis from leading market experts.
Gravita India has decisively broken above a multi-year downward-sloping trendline at ₹1,794 on a closing basis, with the last weekly close confirming this breakout. As reported by Axis Securities, the stock is trading well above its 20-, 50-, 100-, and 200-day simple moving averages, all trending higher. Equitas Small Finance Bank has broken above the multiple resistance zone near ₹75 level on both daily and weekly charts, supported by strong volumes. Ion Exchange India has decisively broken above the consolidation zone of ₹320-440 by surpassing the ₹440 level on a closing basis, backed by strong volumes.
Knowledge Marine & Engineering Works shows a strong uptrend resumption after consolidation, with the technical structure appearing poised for continued upward movement. According to Angel One, the stock has delivered a follow-through Double Top Buy on the daily 1% × 3 chart, while a Double Top Buy on the daily 3% × 3 chart, after taking support near its 10-column moving average, suggests that the bulls remain firmly in control and that higher levels are likely in the sessions ahead. Choice International has triggered a Bullish Double Top Buy on both daily 0.25% × 3 and 1% × 3 Point & Figure charts, indicating improving momentum across short and medium-term timeframes. The bullish setup is further reinforced on the higher-timeframe 3% × 3 Point & Figure chart, where the stock has also broken above its objective 45-degree trendline while simultaneously forming a higher high.
Grasim Industries continues to exhibit strong technical setup, with the stock repeatedly finding support around its 20-day DEMA, highlighting sustained buying interest. As reported by Kantilal Chhaganlal Securities, the daily 1% × 3 Point & Figure chart has delivered a follow-through Double Top Buy, which also resembles a Super Pattern breakout, indicating the potential for a sustained uptrend. The stock is trading comfortably above its 20-, 50-, 100-, and 200-day SMAs, all of which are moving higher along with the price, reaffirming the bullish outlook. The daily, weekly, and monthly RSI remains in favourable territory, indicating strengthening momentum across all timeframes.
According to technical analysis from Axis Securities, Angel One, and Kantilal Chhaganlal Securities, the following stocks show bullish momentum with specific trading strategies. Gravita India targets ₹1,950-2,050 with stop-loss at ₹1,800, while Equitas Small Finance Bank aims for ₹90-96 targets with stop-loss at ₹79. Ion Exchange India has targets of ₹505-545 with stop-loss at ₹455, and Choice International recommends buying in ₹835-830 range with targets of ₹950-960. Grasim Industries targets ₹3,500-3,550 with stop-loss at ₹3,040, and SBI Life Insurance suggests buying in ₹1,852-1,863 range with targets of ₹1,910-1,990. Knowledge Marine & Engineering Works recommends buying in ₹3,210-3,200 range, and Indus Towers suggests buying in ₹402-406 range. Gravita India is particularly attractive for medium-to-long-term investors, with experts suggesting buying for potential targets above ₹2,300 levels in the next 6-8 months, as the stock shows a bullish inverse head-and-shoulders pattern breakout.
