Trade Spotlight: How should you trade Engineers India, CG Power, Shriram Finance, Aurobindo Pharma,... - Moneycontrol.com

Published 5 June 2026 · finance

The market may attempt to reclaim its short-term moving averages, but the sustainability of the uptrend will be key to watch. Below are some short-term

The market may attempt to reclaim its short-term moving averages, but the sustainability of the uptrend will be key to watch. Below are some short-term trading ideas to consider. Top Buy Ideas for June 5 Experts suggest buying top 8 buy ideas on June 5 including Engineers India, CG Power, Shriram Finance, Aurobindo Pharma, Inventurus Knowledge Solutions Did our AI summary help? EI14 AS28 IKS EI14 NSE/BSE Select NSE LIVE BSE LIVE Day High Day Low Volume (NSE) More AS28 NSE/BSE Select NSE LIVE BSE LIVE Day High Day Low Volume (NSE) More IKS NSE/BSE Select NSE LIVE BSE LIVE Day High Day Low Volume (NSE) More × Equity benchmarks recouped their opening losses and remained range-bound for most of the session before closing flat on June 4. Market breadth remained positive, with about 1,608 shares advancing against 1,387 declining shares on the NSE. The market may attempt to reclaim its short-term moving averages, but the sustainability of the uptrend will be key to watch. Below are some short-term trading ideas to consider Jay Mehta, Technical Research at JM Financial Services Engineers India | CMP: Rs 237.67 On the weekly chart, Engineers India broke out of a triangular consolidation pattern in April 2026 around the Rs 224 level. Following the breakout, the price rallied to Rs 267 before retracing toward the breakout zone. The stock found support near the 20-week EMA, indicating underlying strength. On the daily timeframe, the price is trading above all key EMAs, supporting a positive momentum outlook. Trend and momentum indicators on both the daily and weekly charts suggest that the bullish momentum is likely to continue. Strategy: Buy Targets: Rs 262, Rs 275 Stop-Loss: Rs 208.8 Avenue Supermarts | CMP: Rs 4,139.3 On the daily chart, Avenue Supermarts has been trading within a prolonged consolidation range.

Recent profit booking from the Rs 4,650 level pushed the price down to around Rs 4,000, retracing nearly 61.8 percent of the rally witnessed in April. The stock found support near a previous gap zone and formed a Harami Cross pattern on June 1. Since then, the price has been advancing, supported by improving volumes. Momentum indicators are showing a positive trend and indicate a potential reversal from current levels. Strategy: Buy Target: Rs 4,444, Rs 4,550 Stop-Loss: Rs 3,936 Inventurus Knowledge Solutions | CMP: Rs 1,690.7 Inventurus Knowledge Solutions continues to maintain a bullish structure by forming higher highs and higher lows. It is currently developing an inverse Head and Shoulders pattern, although a breakout is still awaited. Nevertheless, the overall price structure remains constructive. Momentum indicators are trading in bullish territory and suggest that the positive trend is likely to persist. Additional strength is expected if the price decisively breaks above the Rs 1,735 level. The stock is trading above its short-, medium-, and long-term EMAs, all of which are sloping upward, reinforcing the bullish outlook. Strategy: Buy Targets: Rs 1,800, Rs 1,880 Stop-Loss: Rs 1,586 Om Mehra, Technical Research Analyst at Samco Securities Power Finance Corporation | CMP: Rs 424.45 PFC has witnessed a sharp decline from its April highs and has now found support in the Rs 415–420 zone. The stock has since been consolidating in a flag pattern on the daily chart, and in the current session, it is attempting to break out of that consolidation. Volumes are above the recent average, indicating strong participation in the move. The RSI is placed near 43 and has edged just above its signal line, suggesting that downside momentum is easing.