BlogDaily Learnings03. Daily Charts

03. Daily Charts

Disclaimer

Mr. Chartist is solely dedicated to learning the financial market. Our objective is to improve financial literacy. Since we are practicing Technical Analysis on a personal level we will be providing chart-based study in our Daily Charts Blog for educational purposes only. User’s of this website are expected not to misread it directly or indirectly as any buy/sell recommendations. We are not SEBI Registered Investment Advisor & Research Analyst.

Please consider the Risk involved in equity markets. We do not take any responsibility for your profit or loss.​

Chart Source- Tradingview.com

01. Nifty-

Nifty daily chart finally able to cross the 17500 levels and now price moving upside with strong candlestick pattern, now Nifty may move towards the 17800 to 18000 levels in coming days and currently Nifty perfectly copying the Nifty IT chart and moving upside. 

Nifty daily chart perfectly moving upside according to the Pole and flag pattern and now if index not able to sustain above 17200/400 level we can see some major downside. 

02. NTPC Ltd (NTPC)- 

NTPC daily chart given breakout in the Cup and handle Pattern with strong volume and price, now stock may continue the uptrend and price may move towards the 136-144 levels. The stock has support near the 116-112 support on the chart. 

NTPC daily chart if break the 112 level and sustain below this we can see some major downside post breakdown. 

03. Tata Motors Ltd (TATAMOTORS)

Tata Motors daily chart trading between the Rectangle Pattern and now price bounce from support after the consolidation, and now price confirming the reversal from support and now price may possibly 360 level in coming days with the help of 290-300 support level on the chart. 

Tata Motors daily chart if break the 280 level and sustain below this we can see a breakdown in the Rectangle Pattern. 

04.JSW Steel Ltd (JSWSTEEL)-

JSW Steel daily chart trading between the Rectangle Pattern and now price trading with a little candlestick, and now finally price looking exhausted here and stock may break the 700 level and above this, we can see some major movement towards the 740-765 level which is resistance level in the Rectangle Pattern. 

Rectangle pattern if break the 660 level and sustain below this we can see some major fall in stock according to chart. 

05.  Ramco Systems Ltd (RAMCOSYS) –

RAMCOSYS daily chart trading in the Rectangle Pattern and now price bouncing from support with dojis and now stock may move towards the 600 to 680 levels in coming days with the help of 440/460 support level. 

Ramcosys daily chart if break the 440 level and sustain below this we can see some major fall in the price. 

06. Bal Pharma Ltd (BALPHARMA)-

Bal Pharma daily chart trading between the Symmetrical Triangle Pattern and now price trading above breakout level with strong volume, now stock maybe a move towards the 130-150 levels in coming days, the stock has support near the 90 levels. 

Bal Pharma daily chart if break the 90 levels and sustain below this level we can see some major fall in the price. 

07. Wockhardt Pharma (WOCKPHARMA-

Wockpharma daily chart bounce from the Horizontal support level and now price bounce from support after the many dojis, now stock may move towards the 480 to 560 levels in coming days with the help of 400 support level on the chart. 

Wockpharma daily chart if break the 400 level and sustain below this level we can see some major fall in the price. 

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Disclaimer

Mr. Chartist is solely dedicated to learning the financial market. Our objective is to improve financial literacy. Since we are practicing Technical Analysis on a personal level we will be providing chart-based study in our weekly Chartbook for educational purposes only.

Users of this website are expected to consider this as a blog only for Learning/Education and not to misread it directly or indirectly as any buy/sell recommendations.

We are not SEBI Registered Investment Advisor & Research Analyst.

Please consider the Risk involved in equity markets. We do not take any responsibility for your profit or loss.​

Chart Source– Tradingview.com

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