BlogDaily Learnings08. Daily Charts

08. 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

Nifty Bank-

Nifty Bank daily chart perfectly moving as per chart and the current price is moving in the bullish side with strong candlestick and now price may move towards the 39000-41000 levels in coming days with the help of 37500-37400 support level on the chart. 

Nifty Bank’s daily chart is moving in upside and if the price fails to move upside and if the price breaks the 37500 level and sustains below this we can see some fall in the price and after this, we can see some consolidation between the 37500 to 36300 levels range. 

Cholamandalam Finance Limited (CHOLAFIN)- 

Cholamandalam Finance daily chart trading between the Rectangle Pattern and now price is trading near the resistance level and formed the bearish engulfing pattern, and now if price break 555 level and sustain below this we can see some fall in the price and stock can move towards the 530-500 levels in coming days with the help of 580 resistance level on the chart. 

Cholamandalam Finance daily chart as trading between the rectangle pattern, and now if price break the 600 level and sustain above this we can see some strong upside in the chart. 

Dalmia Bharat Limited (DALBHARAT)

Dalmia Bharat Limited daily chart perfectly reverse from the Horizontal Support line after huge consolidation and now price is moving upside with strong volume and price, now stock can move towards the 2150/2400 levels with the help of 1900 support level on the chart. 

Dalmia Bharat daily chart if fails to move upside and if price breaks the 1900 level we can see some more consolidation between the 1900 to 1750 levels as per rectangle range. 

Indian Hotels Limited (INDHOTELS)-

Indian Hotels daily chart trading above the descending resistance line and now price is moving upside with strong candlestick and volume, now price may move towards the 210 to 230 levels in coming days with the help of 185 support level on the chart. 

If Indian Hotels daily chart if fails to move upside and if price breaks the 185 level and sustain below this we can see some major fall in the price. 

Aarti Industry Limited (AARTIND) –

Aarti Industry chart moving in upside as per our chartbook and today price moved perfectly as per chart and now price may move towards the 1140-1168 levels in coming days with the help of 1040 support level on the chart. 

Aarti Industry daily chart if fails to move upside and if price breaks the 1020 level we can see some fall in the price and more consolidation between the 1020 to 900 levels. 

Adani Power Limited (ADANIPOWER)-

Adani Power daily chart trading at major diagonal support line and now price is bouncing from the support and strong volume, now stock can move towards the 128-140 levels in coming days with the help of 100 support level on the chart. 

Adani Power daily chart if fails to move upside and if price breaks the 100 level we can see some major fall in the price with the help of 113 resistance level on the chart. 

Ashima Limited (ASHIMA)-

Ashima Limited weekly chart trading in the cup and handle pattern and now price is trading near the resistance level if price able to sustain here above 22 levels we will have additional confirmation on the chart and stock can move towards the 28 to 36 levels in coming days with the help of 17 support level on the chart. 

Ashima Weekly chart if fails to move upside and if price break the 16 level we can see some major fall in the price. 

India Nippon Electrical Limited (INDNIPPON)-

India Nippon Electrical weekly chart moving as per curve pattern or rectangle pattern, now price is breaking out with strong volume and price, now stock can move towards the 600-700 levels in coming days with the help of 450-425 support level on the chart. 

India Nippon if fails to move upside and if price breaks the 425 level we can see some fall in the price according to chart. 

Coral India Finac Limited (CORALFINAC)-

Coral India weekly chart perfectly moves as per recent rectangle pattern and price moves 30 to 60 level and now price again trying to move upside with strong volume in price with the strong candlestick in the chart, now price can move towards the 70-92 levels in coming days with the help of 40-35 support level on the chart. 

Coral India weekly chart if fails to move upside and if price breaks the 35 levels we can see some fall in the price. 

Vascon Engineers Limited (VASCONEQ)-

Vascon Engineers weekly chart at a fresh breakout in the Cup and handle pattern and now price is moving as per strong volume and price, now price can move towards the 45-55 levels in coming days with the help of 22 support level on the chart. 

Vascon Engineers weekly chart if fails to move upside and if price break the 22 level we can see some 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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