BlogDaily Learnings07. Daily Charts

07. 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 Bank-

Nifty Bank daily chart failed to move as per yesterday candlestick and price moved downside and currently, price is trading between yesterday candlestick and now if Nifty Bank able to break yesterday high and sustain above 37900 level we can see some major upside in this chart and price can move towards the 38300/38600 levels post upside confirmation and if price failed to move upside we can see more consolidation between yesterday candlesticks range 36700 to 37900 range. 

02. Rec Limited (RECLTD)- 

Rec Limited daily chart trading near resistance with bullish candlestick and this chart also forming the double bottom pattern and now if price breaks the 140 level and sustain above this we can see some major upside towards the 155 to 165 levels in coming days with the help of 125-130 support level on the chart pattern. 

If Recltd daily chart if fails to break the resistance and price consolidate between the Double Bottom pattern we can see some more consolidation between the 140 to 125 levels, if the price failed to consolidate between this and sustain below 125 level we can see some major downside on the chart according to chart. 

03. Gail India Limited (GAIL)

Gail India Limited daily chart took strong support at Horizontal Line and now price is reversing from the support and now price breakout in the Double Bottom pattern, and now price is moving upside with strong volume, now price can move towards the 145 to 165 level in coming days with the help of 130 support level on the chart. 

Gail Daily chart as bouncing from support and now if Gail failed to move upside and if the price breaks the 125 level and sustains below this we can see some major fall in the price and this will be a strong breakdown in the rectangle pattern. 

04. Kaya Limited (KAYA)-

Kaya Limited daily chart trading inside the cup and handle pattern and now price is bouncing here with volume and now if price break the 550 level and sustain above this we can see some major upside in the chart, and stock may move towards the 700/900 levels in coming days as per chart with the help of 400 support level on the chart. 

Kaya daily chart as trading below this resistance level and price is currently trading between the handle pattern, we have handle range between 555 to 400 levels. 

05.  Swan Energy Limited (SWANENERGY) –

Swan Energy weekly chart has given breakout in the Rectangle Pattern and now price is moving with strong candlestick and strong price movement, now price can move to towards 200-230 levels in coming days with the help of 140 support level on the chart. 

Swan Energy daily chart if fails to move upside and if price break the 150 level and sustain below this we can see some fall in the price and consolidation between 150 to 100 levels. 

06. Arshiya Limited (ARSHIYA)-

Arshiya Limited daily chart trading between the cup and handle pattern, now if price breaks the 40 levels and sustain above this we can see some major upside with the help of volume and price confirmation. Now if Arshiya is able to sustain above 40 levels we can see some major upside towards the 65 to 100 levels in coming days with the help of 28 support levels on the chart. 

Arshiya daily chart not able to break the resistance we can see some more consolidation between chart and if price breaks the 25 levels we can see some major downside on the chart. 

07. Kitex Garments Limited (KITEX)-

Kitex daily chart trading above the cup and handle pattern with strong volume and price, now price can move towards the 300/360 levels in coming days with the help of 200 support level on the chart. 

Kitex daily chart if fails to move upside and if price breaks the 200 level we can see some major fall in the price. 

08. Inventure Growth Limited (INVENTURE)-

Invernture Growth Limited weekly chart at a fresh breakout in the 10 years cup and handle pattern with strong volume and price, now price can move towards the 8-14-20 levels in coming days with the help of 4-3 support level on the chart. 

Inventure Weekly chart if fails to move upside and if price break 4 level we can see some fall in the price and consolidation between the 5 to 1 range. 

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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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