Trade Spotlight: How should you trade Ajanta Pharma, Hyundai Motor India, Max Healthcare Institute, Nelcast, Cera Sanitaryware and others on June 13?

About this update from Cera Sanitaryware Limited

The benchmark indices corrected sharply after six consecutive days of gains, falling by 1 percent on June 12 due to profit booking. Market breadth was dominated by bears, with 1,945 shares declining versus 660 advancing shares on the NSE. The market may attempt a rebound amid likely range-bound trading in the upcoming session, but the sustainability is the key watch. Below are some short-term trading ideas to consider. Below are some short-term trading ideas to consider:Om Mehra, Technical Research Analyst at Samco SecuritiesAjanta Pharma | CMP: Rs 2,730.3Ajanta Pharma broke out of its short-term consolidation range in the previous session, backed by robust volume. The stock is now trading comfortably above the 9-day, 20-day, and 50-day EMAs, and is approaching its 200-day SMA. The daily RSI has surged to 64 and is trending upward, without entering the overbought territory, indicating there is ample momentum for a continued upmove.The MACD has triggered a bullish crossover above the signal line, with expanding histogram bars, which highlights a positive setup. The breakout is further confirmed by a volume spike — the highest in over a month. Overall, the trend remains bullish with a higher low structure intact, supporting the possibility of further gains.Strategy: BuyTarget: Rs 2,870Stop-Loss: Rs 2,640Hyundai Motor India | CMP: Rs 1,956.4Hyundai Motor India is inching closer to the psychological mark of Rs 2,000. The stock has been in a steady uptrend, forming a sequence of higher highs and higher lows while consistently respecting short-term moving averages. It is currently trading well above its 20-day SMA.The RSI stands at 68 with a positive slope, indicating sustained strength. The MACD has crossed above its signal line and remains in positive territory, with the histogram gradually expanding, which supports the ongoing bullish tone. The ADX is at 24, suggesting the trend is gaining strength following a period of consolidation. Healthy volume activity in recent sessions further supports the ongoing rally.The stock is now approaching a minor supply zone, and a sustained close above Rs 1,980–?2,000 could unlock further upside potential.Strategy: BuyTarget: Rs 2,130Stop-Loss: Rs 1,900Cera Sanitaryware | CMP: Rs 7,005.50Cera Sanitaryware has continued its recovery and is now holding above the key Rs 7,000 mark. The stock recently broke out of a consolidat...

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