<div id="readability-page-1"><div><div>Equity benchmarks closed with moderate losses on December 3, continuing their southward journey for the fourth straight day. The market breadth remained in favour of the bears, with 1,978 shares declining against 874 advancing shares on the NSE. The market is expected to consolidate with a negative bias in the upcoming sessions. Below are some short-term trading ideas to consider:Nilesh Jain, Head – Technical and Derivatives Research Analyst (Equity Research) at Centrum BrokingWipro | CMP: Rs 254.7<figure></figure>Wipro has given a strong breakout from a symmetrical triangle pattern at Rs 251 and closed convincingly above it. This move came with higher-than-average volumes, adding confidence to the bullish outlook.It has also crossed above the 200-DMA positioned near Rs 250. On the downside, key support is seen at the 50-DMA around Rs 245. With these factors in place, the stock is likely to advance toward the Rs 270 level in the near term.Strategy: BuyTarget: Rs 270Stop-Loss: Rs 245JK Tyre and Industries | CMP: 464.5<figure></figure>JK Tyre is in a strong uptrend, forming a series of higher tops and higher bottoms. It has also broken out of a flag-and-pole pattern, with a conservative upside target near the Rs 505 level. Support from the recent swing low lies around Rs 445. Additionally, the RSI has moved above 50 and broken its falling trendline, reinforcing the bullish momentum.Overall, the setup suggests the stock is well-positioned for an advance toward Rs 505, with immediate support around Rs 445.Strategy: BuyTarget: Rs 505Stop-Loss: Rs 445Sudeep Shah, Head - Technical and Derivatives Research at SBI SecuritiesAsian Paints | CMP: Rs 2,953.5<figure></figure>On Tuesday, Asian Paints gave a Bullish Flag pattern breakout on a daily scale. This breakout is confirmed by relatively higher volume. In addition, it has formed a sizeable bullish candle on the breakout day, which adds strength to the breakout. The stock continues to trade comfortably above its key short- and long-term moving averages—nearly 5% above the 20-DEMA and around 10% above the 50-DEMA—reflecting strong underlying strength.Momentum indicators and oscillators remain supportive, signalling the possibility of further upside in the near term. Hence, we recommend accumulating the stock in the zone of Rs 2,960–2,940 with a stop-loss of Rs 2,860. On the upside, it is likely to test the level of Rs 3,160 in the short term.Strategy: BuyTarget: Rs 3,160Stop-Loss: Rs 2,860Godrej Properties | CMP: Rs 2,067.8<figure></figure>Godrej Properties has been in a lower-low, lower-high formation since hitting a peak of Rs 2,352 on October 27, reflecting sustained selling pressure. The Realty Index has also been the worst performer over the past month, declining nearly 9%, adding to the sectoral weakness. The stock trades below key short- and long-term moving averages, reinforcing the bearish bias.RSI continues to fall and has slipped below 40, indicating bearish momentum, while a rising ADX highlights strengthening bearish trend strength. The MACD line remains below both the signal line and the zero line, confirming persistent negative sentiment. Hence, we recommend selling the stock in the zone of Rs 2,080–2,060 with a stop-loss of Rs 2,130. On the downside, it is likely to test the level of Rs 1,950 in the short term.Strategy: SellTarget: Rs 1,950Stop-Loss: Rs 2,130Rupak De, Senior Technical Analyst at LKP SecuritiesNational Aluminium Company | CMP: Rs 266.5<figure></figure>National Aluminium Company has been moving higher after a flag pattern breakout on the daily timeframe. Interest around the stock appears strong, and it looks ready for a smart move. On the daily chart, the stock has been sustaining above important moving averages.The RSI is in a bullish crossover and is positioned in the high-growth zone. Therefore, based on the above technical setup, we can expect a smart rally in the stock. On the lower end, support is placed at Rs 259.Strategy: BuyTarget: Rs 280Stop-Loss: Rs 259Devyani International | CMP: Rs 136.93<figure></figure>Devyani International has corrected nearly 30% over the past three months, taking it to a multi-month low. A bullish engulfing pattern has formed on the daily chart following a heavy correction over the last several months.Besides, a positive divergence is visible on the daily RSI, strengthening the possibility of a bullish reversal. From here, we expect a smart recovery in the price, potentially taking it toward Rs 150 in the coming days. On the lower end, support is placed at Rs 132.Strategy: BuyTarget: Rs 150Stop-Loss: Rs 132Disclaimer: The views and investment tips expressed by experts on Moneycontrol are their own and not those of the website or its management. Moneycontrol advises users to check with certified experts before taking any investment decisions.</div></div></div>

The article provides trading strategies and stock analysis for December 4, focusing on companies like Wipro, JK Tyre, Asian Paints, Devyani International, and National Aluminium Company. Analysts suggest buying Wipro, JK Tyre, Asian Paints, National Aluminium, and Devyani International due to bullish patterns and technical indicators, while recommending selling Godrej Properties due to bearish trends. The market is expected to consolidate with a negative bias, and investors are advised to consult certified experts before making decisions.

Trade Spotlight: How should you trade Wipro, JK Tyre, Asian Paints, Devyani International, National Aluminium Company, and others on December 4?