Trade Spotlight: How should you trade Authum Investment, Gland Pharma, Thermax, Aurobindo Pharma, Bajaj Auto, and others on May 22?

About this update from Authum Investment & Infrastucture Ltd

The benchmark indices wiped out all their opening rally and finished slightly lower on May 21. However, market breadth remained positive, with around 1,711 shares advancing against 1,237 declining shares on the NSE. The market needs a decisive move above the upper end of the 23,300–23,800 range for a fresh leg of rally. Until then, consolidation may continue. Below are some short-term trading ideas to consider:Jay Mehta, Technical Research at JM Financial ServicesNiva Bupa Health Insurance Company | CMP: Rs 83.62Niva Bupa has delivered a strong breakout above a long-term triangular consolidation pattern and a major resistance trendline. Following the breakout, the stock underwent a healthy throwback and successfully retested the breakout zone, holding it firmly.The price is now trading comfortably above all key EMAs with upward slopes, indicating strengthening momentum. Momentum and trend indicators are firmly in bullish territory, supporting continuation of the upmove. The stock is also showing relative strength compared to the Nifty.Strategy: BuyTarget: Rs 88.3, Rs 94Stop-Loss: Rs 79Authum Investment & Infrastructure | CMP: Rs 527.2Authum Investment has given a strong breakout above a complex bullish head-and-shoulders pattern. Prior to the decisive breakout, the stock formed multiple bullish hammer candles near the base, indicating strong buying interest.Volumes have started building positively over the past two sessions, confirming accumulation. The price is now trading above all key EMAs, while both momentum and trend indicators suggest bullish continuation with strength. The stock is also showing relative strength compared to the Nifty.Strategy: BuyTarget: Rs 578, Rs 635Stop-Loss: Rs 481.5ACME Solar Holdings | CMP: Rs 282.65ACME Solar Holdings has corrected nearly 15 percent from its recent high but found strong support around the 50-day EMA, where it formed a bullish hammer candlestick pattern. On shorter timeframes, positive volume buildup is visible, which is an encouraging sign.The stock is currently holding above the 50-day EMA and trading within a long-term ascending channel, taking support near the midpoint of the channel — a positive development for the overall structure. Momentum and trend indicators on the short-term timeframe are also showing signs of positive traction.Strategy: BuyTarget: Rs 310, Rs 333Stop-Loss: Rs 254Hitesh Tailor, Tec...

View stock analysis, news, and events for Authum Investment & Infrastucture Ltd