[Premium] Q1 Playbook Trade Ideas

This list goes through each Industry and points out the relevant long and short setups. Each new section will have a header with the Industry group.

Autos:

We want to be short Apollo Tyres if below 249, with a target of 195.

Exide Industries Ltd. continues to improve in price and momentum. If prices can get above 285.50, we want to be long with a target of 342.50.

We want to be short Motherson Sumi Systems. Ltd. if prices are below 147, with a downside target of 96.50.

We want to be selling strength in Tata Motors Ltd. toward 200.50, with a downside target of 138.

Tube Investments of India Ltd. is one area of Auto strength. We want to be buying weakness in this stock as long as prices are above 304, with upside targets of 361 and 453.50.

Chemicals:

We want to be long Aarti Industries Ltd. if prices are above 1,391, with an upside target of 1,740.

We want to be long Atul Ltd. on a breakout above 3,616.25, with an upside target of 4,645.

Pidilite Industries is struggling to make new highs, but if it can close above 1,195, we want to be long with a target of 1,422.

We want to be long Vinati Organics if prices are above 1,645, with an upside target of 2,345. Could use a pause first to work off this bearish momentum divergence and allow the 200-day to catch up, but intermediate-term uptrend remains strong.

Construction:

We want to be short Hindustan Construction on a break below 10.75, with a downside target of 5.15.

We want to be long Larsen & Toubro on a weekly close above 1,430, with a target of 2,160.

Consumer Goods:

We want to be long Asian Paints Ltd. above 1,460, with a target of 1,835.

We want to be long Berger Paints above 338.50, with a target of 437.50.

We want to be buying a breakout above 3,212 in Britannia Industries, with a target of 4,425.

We want to be long Colgate-Palmolive India if prices are above 1,295, with a target of 1,448.

We want to be buying Dabur India if above 455, with a target of 592.50.

We want to be buying Havells India Ltd. on a breakout above 715, with a target of 969.

We want to be buying Hindustan Unilever on weakness toward 1,665, with a target of 2,215.

We want to be long Jubilant Food if above 1,355, with a target of 1,955.

We want to be long Marico Ltd. above 351.50, with a target of 423.

We want to be long Procter & Gamble Hygiene & Healthcare on a breakout above 9,925, with a target of 11,110.

We want to be long Titan Company Ltd. on a breakout above 940, with a target of 1,335.

We want to be buying a breakout above 376.50 in Trent Ltd., with targets of 426 and 507.

We want to be long United Breweries Ltd. if above 1,223, with an initial target of 1,553.

Energy:

Oil India Ltd. could see a short squeeze, so we want to be long if prices are above 171.25, with a target near 200.

We want to be long PTC India Ltd. if above 85.50, with a target of 110.

Financial Services:

We want to be buying Axis Bank if above 655, with a target of 831.

We want to be long Bajaj Finance Ltd. above 2,755, with a target of 3,520.

We want to be buying Bajaj Financial Services Ltd. if above 6,600, with a target of 7,900.

We want to be long HDFC Bank if above 2,131.50, with a target of 2,318.

We want to be buying Housing Development Finance Co. if above 2,037, with a target of 2,670.

We want to be buying ICICI Bank above 366, with a target of 477.

We want to be long Muthoot Finance Ltd. if above 452, with a target of 693.

We want to be buying RBL Bank Ltd. above 599, with a target of 689.

We want to be long Reliance Capital if above 222.50, with a target near 300.

We want to be buying The Federal Bank Ltd. if above 94.75, with a target near 127. Some consolidation here would be healthy.

Industrial Manufacturing:

We want to be long AIA Engineering on a breakout above 1,725, with a target of 2,235.

We want to be buying a breakout above 1,191.50 in Astral Poly Technik, with a target of 1,721.

We want to be long Grindwell Norton if above 568.50, with a target of 623.50.

We want to be long Gujarat Fluorochemicals if above 930, with targets of 1,072 and 1,485.

We want to be long Praj Industries if above 104, with a target of 149.

We want to be long Shaeffler India Ltd. if above 5,620, with targets of 5,993 and 6,851.

We want to be buying a breakout above 1,936.50 in SKF India, with a target of 2,130.

Information Technology:

We want to be long Hexaware Tech above 336, with a target of 390.

We want to be long Infosys Ltd. if above 641, with a target of 771.50.

We want to be buying NIIT Technologies above 1,175, with a target of 1,411.

We want to be long Tata Consultancy if above 2,055, with a target of 2,690.

We want to be buying a breakout above 747 in Tech Mahindra, with a target near 988.

We want to be long Wipro Ltd. if above 334, with a target of 384.

Media & Entertainment:

We want to flip our short position long, as a short squeeze looks to be brewing. If prices are above 555, we want to be long with a target of 776.

We want to be long TV18 Broadcast Ltd. if above 35.30, with a target of 47.50. The stock has based and is ready to mean revert.

Metals:

We want to be short Coal India if below 238.50, with a target of 109.

We want to be short NMDC Ltd. if below 102.50, with a target of 75.50.

We want to be short Tata Steel Ltd. if below 534, with a target of 402.

Pharmaceuticals:

We want to be long Divi's Labs if above 1,381.50, with a target of 1,905.

We want to be long Dr. Reddy's Labs above 2,775, with a target of 3,275.

We want to buy Glenmark Pharmaceuticals above 710, with a target of 815.

Buy weakness in Merck Ltd. if above 2,567, with a target of 3,829.

We want to be long Sanofi India Ltd. if above 6,585, with a target of 8,220.

We want to be short Sun Pharma if below 435, with a target of 281.25. This will probably rally a bit before breaking down again, so be aware of that.

We want to buy Torrent Pharma above 1,698.50, with a target of 2,029.

Services:

We want to be long EIH Ltd. if above 219.50, with a target of 328.

We want to be buying weakness in Indian Hotels if prices are above 116, with a target of 166.

Textiles:

We want to be long SRF Limited. if above 2,317, with a target of 3,670.

These are the most attractive individual stock setups as we head into 2019. You'll notice these are a lot of the same names we talked about in 2018, as they're the ones that continue to trend. Good intermediate or long-term trends are hard to come by in this environment, so we'll continue to play them until they stop working.

Be sure to read Part 1 of our Q1 2019 Playbook so you have the context around why we like these trades.

Thanks for reading and please let us know if you have any questions.

Allstarcharts Team