BlogDaily Learnings09. Daily Charts

09. 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. 

Vodafone Idea Limited (IDEA)- 

Vodafone Idea daily chart failed to move upside as per larger time frame charts and now price break the support and sustain below this 13 level with strong candlestick with strong volume, now price can move towards the 9.50/7.50 levels in coming days with the help of 13.00 resistance level on the chart. 

Vodafone Idea daily chart if fails to sustain below the support level and regain the 13 level we can see some more consolidation between the 13 to 17 levels and fresh breakout above the 17 level on the chart. 

Tata Chemicals Limited (TATACHEM)

Tata Chemicals daily chart trading at recent resistance line which is now working as support line with the rectangle pattern, and price trying to reverse from here with strong volume and price, now stock can move towards the 1040/1120 levels in coming days with the help of 940 support level on the chart. 

Tata Chemicals daily chart if fails to move upside and if price break the 940 level and sustain below this we can see some more consolidation between the rectangle pattern 940 to 815 levels. 

Adani Port Special Limited (ADANIPORTS)-

Adani Port daily chart trading in the symmetrical Triangle pattern and now price is trying to bounce here and if price breaks the 770 level and sustain above this we can see some major upside towards the 800 to 820 levels in coming days with the help of 735-740 support level on the chart. 

Adani port daily chart if fails to move upside and if price not able to break the 770 level we can see some more consolidation between the 770 to 710 levels as per the chart. 

GMDC Limited (GMDC)

GMDC Ltd’s daily chart has given breakout in the Cup and handles pattern and now the price is moving with strong volume as well as price, now stock can move towards the 110-150 levels in the coming days with the help of 70.00 support level on the chart. 

GMDC daily chart if fails to move upside and if price breaks the 80 levels and sustain below this we can see some more consolidation between the old range 60 to 80 levels and if price breaks the 60 levels we can see some major downside on the chart. 

Fineotex Chemical Limited (FCL)-

Today’s sniper is also on this list as stock at fresh breakout with strong volume and price, now stock can move towards the 165-180 levels in coming days as this breakout in a cup and handle showing, with the help of 136-140 support level on the chart. 

FCL if fails to move upside and if price break the 140 level we can see some fall in the price with the help of 145 resistance level on the chart. 

Jindal Drilling Limited (JINDRILL)-

Jindal Drilling weekly chart in the Descending Channel pattern with strong volume and breakout, now stock can move towards the 200/360 levels in coming days with the help of 120-140 support level on the chart. 

Jindal Drilling Weekly chart if fails to move upside and if price breaks the 120 level we can see some fall in the price with the help of 150 resistance level on the chart. 

Titagarh Wagons Limited (TWL)-

Titagarh Wagons Limited daily chart bounce from the curve pattern and now again stock at a fresh breakout in the cup and handle pattern, with strong volume, now stock can move towards the 150-180 levels in coming days with the help of 100 support level on the chart, daily chart if fails to move upside and if price break the 85 levels and sustain below this we can see some major fall in the price. 

Dhunseri Tea and Industry Limited (DTIL)-

DTIL daily chart perfectly bounce from the Horizontal Support line after forming the Rectangle pattern with strong volume and candlesticks, now price may move towards the 440-580 levels in coming days with the help of 300 support level on the chart, if price fails to move upside and if price break the 300 level we can see some more consolidation between the 300 to 230 levels in recent Rectangle pattern. 

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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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