[Premium] Best Individual Reward/Risk Setups

We're going to keep this post short and stick to levels on this post, but you'll notice that the majority of these setups are new or recent or potential breakouts to new highs. There are also a few weekly mean reversion setups that will likely take longer to develop.

The most important thing to remember is that our risk is well-defined and we can get out with a minimal loss should the market reverse lower.

Buy weakness in AIA Engineering toward 1,682, with a 2,235 target.

Click on chart to enlarge view.

Buy Asian Paints above 1,460, with a 1,835 target.

Buy Astral Poly Tech above 1,187, with a 1,420 target.

Long Bajaj Finance Ltd. above 2,755 and target 3,520.

Long Bajaj Financial Services Ltd. if above 6,660 & target 7,900.

Long Bajaj Holdings & Investment Ltd. if above 3,245 and target 3,890.

Long Britannia Industries if above 3,215 and target 4,425.

Long CARE Ratings if above 950 and target 1,200.

Long Colgate-Palmolive India if above 1,295 and target 1,450.

Long Dabur India Ltd. if above 455 and target 592.50.

Long D B Corp. Ltd. if above 180.50, with a 267.50 target.

Long DCM Shrirarm Ltd. if above 428 and target 628.

Long Divi's Labs if above 1,705 and target 2,640.

Long EIH Ltd. if above 208.50 and target 280.50.

Long Godfrey Phillips if above 975 and target 1,515.

Buy Havells India Ltd. if above 715 and target 969.

Buy Heidelberg Cement if above 173 and target 204.50.

Buy Hindustan Unilever near support at 1,665, with a 2,220 target.

Buy ICICI Bank if above 357.75 and 477 target.

Buy ICICI Lombard General Insurance Company if above 990, with a 1,180 target. Could use some time to consolidate first.

Bullish IDFC Bank Ltd. if above 51.25, with a 62.50 target. We need to be patient here as momentum divergences suggests that some consolidation is likely before heading higher.

Bullish IPCA Laboratories if above 906, with a 1,215 target. Patience here as some consolidation is needed before breaking out.

Bullish Jubilant Food if above 1,355, with a 1,955 target.

Bullish Jubilant Life Sciences if above 875, with a 1,360 target.

Buy weakness in Muthoot Finance Ltd. toward 525, with a 630.50 initial target.

Bullish Navkar Corporation if above 41.25, with a 62.50 target.

Bullish Page Industries Ltd. toward 21,430, with a 28,625 target.

Bullish Petronet LNG if above 237.50, with a 276 target.

Bullish Pfizer Ltd. if above 3,265, with a 4,277 target.

Buy weakness in PI Industries toward 935, with a 1,095 target.

Bullish Reliance Industries if above 1,300 and target 1,555.

Bullish SRF Limited if above 2,320 and target 3,670.

Bullish Tata Communications if above 570 and target 862.50.

Bullish Tube Investments of India Ltd. if above 361 and target 453.

Bullish Titan Company Ltd. if above 1,000 and target 1,330.

Buy this weakness in Torrent Pharma toward 1,700 and target 2,030.

Bullish Vinati Organics if above 1,645 and target 2,435.

After going through the entire Nifty 500, these are the trades we're seeing.

As you can tell there are a lot of setups in the Financial Services and Fast Moving Consumer Goods sectors, with a few trade setups sprinkled across the other sectors. Until we see sustained rotation into the other areas of the market, we want to continue to focus on these names where our risk is well-defined and reward/risk is skewed in our favor.

All of the chartbooks were all updated this past weekend, so check that out for our outlook and levels on everything we cover.

As always, thanks for reading and let us know if you have any questions.

Allstarcharts Team