The market is expected to remain in consolidation with trading likely confined within last Wednesday's range. According to reports from Moneycontrol, benchmark indices closed with moderate losses amid range-bound trading on August 14. Market breadth remained weak with 1,778 declining shares against 1,260 advancing shares on the NSE. Despite the current consolidation phase, technical analysts have identified several stocks with strong bullish setups for short-term trading opportunities.
APL Apollo Tubes (CMP: ₹2,083.3) has confirmed a breakout above the seven-month downward-sloping trendline at ₹1,985 on high volume, as reported by Axis Securities. The stock is well positioned above its 20-, 50-, 100-, and 200-day simple moving averages with daily, weekly, and monthly RSI readings in favourable territory. Sumitomo Chemical India (CMP: ₹564.95) is in a strong uptrend with higher tops and bottoms formation, having decisively surpassed the past four weeks' high on a closing basis. Eicher Motors (CMP: ₹8,066.5) is approaching a breakout from ₹8,100–8,200 levels with positive RSI readings across all timeframes. Technical analysts recommend buying targets of ₹2,140-₹2,200 for APL Apollo Tubes, ₹595-₹610 for Sumitomo Chemical, and ₹8,200-₹8,300 for Eicher Motors.
KFin Technologies (CMP: ₹940) has completed mean reversion over two weeks following a sharp run-up from ₹855 to ₹983, as analyzed by Teji Mandi Investment Technologies. The stock broke out of a falling wedge pattern on the upside, closing above its 20- and 40-day moving averages with momentum indicators showing positive crossover potential. Adani Green Energy (CMP: ₹1,348) has completed a five-wave decline and formed a strong bullish candle on daily charts, with prices reverted towards the 20-week average support at ₹1,360. Havells India (CMP: ₹1,298) has broken out of a bullish flag pattern with RSI sustaining above 65 level, while Aequs (CMP: ₹249.64) remains in secular uptrend above its 20-day EMA with strong alignment of SuperTrend indicators.
Asahi India Glass (CMP: ₹939.2) has witnessed strong momentum from EMA clusters and surged above its 200-day simple moving average with positive crossover in 14-day RSI. Dynamatic Technologies (CMP: ₹11,188) has rebounded above its 20-, 50-, and 100-day EMAs with momentum indicators aligned with price action. According to Angel One analysis, Aequs (CMP: ₹249.64) maintains a secular uptrend with strong SuperTrend alignment, while Dynamatic Technologies (CMP: ₹11,188) shows buying traction from EMA clusters with potential targets of ₹12,000-₹12,200.
Apollo Hospitals (CMP: ₹8,925) has been recommended by Gaurav Sharma, Associate VP & HOR at Globe Capital, with an entry at ₹8,920 and target price of ₹9,200, implying 3.14% upside potential. Honasa Consumer (CMP: ₹502.75) has a 'buy' call from market expert Sachin Janardan Sarvade, recommended in the ₹495-₹502 range with targets of ₹610, implying 21.51%-23.23% upside. Tega Industries (CMP: ₹1,704.35) has been recommended by SEBI-registered research analyst Vijay Laxmi Ambala with entry at ₹1,670 and targets of ₹1,730 (3.59% upside) and ₹1,900 (13.77% upside). HEG (CMP: ₹700.70) has been recommended by Sarvarde with entry between ₹690-₹701 and target of ₹875, implying 24.82%-26.81% upside. Triveni Turbine (CMP: ₹592.30) has been recommended by Ambala with entry between ₹1,500-₹1,530 and targets of ₹1,580 (3.27% upside) and ₹1,800 (17.65%-20% upside).
