BlogChartBook133rd ChartBook

133rd ChartBook

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. 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.​

Indices

Nifty Chart-

Nifty Daily Chart still trading between the Sideways movement as we can simply see the range 15430 to 14400 levels for this sideways movement and still here technical analysis may struggle with accuracy. If Nifty Able to break high and made a new lifetime high we can see some strong move, as we have seen strong sideways consolidation and if Nifty able to break the 14800 levels and sustain below this we can see some correction in the chart.

Nifty Daily Chart

Nifty 4H Chart clearly reflecting us, last few weeks just traded with a gap up and gap down and this may be continued till index in sideways movement and now index chart is moving towards 15431 levels we have seen some strong movement on Friday and this clearly shows in last 2 4H Candlestick on the chart. 

Nifty 4H Chart
Nifty Bank Chart

Nifty Bank daily chart showing us strong breakout in Daily chart and this can be treated as Double Bottom Breakout with Bullish Marubozu pattern and now we can this trend continue and index can move towards 36000-37000 levels in coming days and Nifty Bank has support around 33400 levels. 

Nifty Bank Daily Chart

NIfty Bank 2H chart confirming our Double Bottom Breakout chart which formed on Daily chart and We have now nearest resistance near 36400 levels according to current chart and now Chart have empty space between 33600 to 36400 levels and this may be range for next few days as per our Technical Analysis. 

Nifty Bank 2H Chart
Nifty IT Chart.

Nifty IT Daily chart simply consolidating between the small Rectangle which is also inside the Rectangle Pattern. We need to wait here to break 26400 to 25400 levels which is a small Rectangle pattern range and if Index able to breakout this we can see some movement towards 27000/27400 levels in the coming days and if the index able to break support we can see some strong fall towards 24800/24400 levels as per chart. 

Nifty IT Daily Chart
Nifty Auto Chart.

Nifty Auto Daily chart finally comes over from down movement and now trading at fresh breakout and now we can possibly see Curve formation of price. We need to Zoom in this chart in another time Frame and if the index breaks this resistance we can see some major upside on the chart. 

Nifty Auto Daily Chart

 Nifty Auto 3H Chart moving in breakout and after breakout Candlestick we have seen some consolidation and in last 3 days index not able to break 10350 levels and sustain above this we can see some major upside towards 10600/11000 levels in coming days and Index have to support at 9988 levels which is recent breakout level which now working as a support level. 

Nifty Auto Daily Chart
Nifty FMCG Chart

Nifty FMCG Daily Chart trading in strong consolidation zone and now index has taken resistance at 35000 levels and now we can see some fall towards the lower line of Rectangle Line. We need to wait here between 33000 to 35000 levels and now if Index break 35000 level and sustain above this we can see some major upside on chart and if Index break 33000/32000 level we can see some major fall in index. 

Nifty FMCG Daily Chart

Breakout Stocks

Shriram Transport (NSE:SRTRANSFIN)

Srtransfin daily chart trading in Pennant Pattern or you can also treat this pattern as Symmetrical triangle pattern. The stock finally trying to come out from the sleeping zone and if the stock at to sustain above the 1500 level we can see a breakout in the chart and the stock can move towards 1600/1700 in the coming days. Stock have support near the 1450 level and this level will play important role in the coming days for breakout movement. 

Srtransfin Daily Chart
Indusind Bank (NSE:INDUSINDBK)

Indusindbk daily chart was created last week trap after forming bearish Marubozu pattern and stock very next open with Open low and formed bullish Maruzbozu pattern and now stock finally come out from that range and stock may complete the Curve pattern formation and stock can move towards 1100 levels in coming days & stock has support at 975/960 levels as per chart. 

Indusindbk Daily Chart
 Piramal Enterprise (NSE:PEL)

PEL daily chart trading in Ascending Channel Pattern and now stock trading lower support line and consolidated here and now finally stock forming volume with big candlestick and this is an indication of next movement. If stock able to break the 1750 level and sustain here we can see upside towards the upper line of Ascending Channel Pattern which is near 1900 and 2100 levels. Support in stock at lower support line in Ascending Channel pattern at 1700 level. 

PEL Daily Chart
Axis Bank (NSE:AXISBANK)

Axis Bank’s daily chart looks similar to the Indusindbk chart and maximum Banking Stocks formed this type of Chart, including the Nifty Bank. Now Stock trying to break about from Small Cup and Handle pattern  and now stock can focus on the next level which is 760/799 levels as per the Curve Pattern. The stock has support at 700 level. 

Axis Bank Daily Chart
Mahindra & Mahindra (NSE: M&M)

M&M daily chart moving as per our last chart and stock able to break the downtrend line inside the Ascending Broadening Wedge pattern and now stock moving with strong candlestick patterns and volume also supporting this breakout, now we can see movement continue towards 850/880 levels in coming days and now support moved to 760/770 levels. 

M&M Daily Chart

Breakdown Stocks

Aarti Industry Limited (NSE: AARTIIND)

Aarti industry daily chart of stock trading at Resistance line and now stock reversing after consolidating at a higher level and now we have seen some fall already but still stock holding the low of the big red candle and now we need to wait here for one more breakdown if stock able to break 1640 level and sustain below this we can see some possible downside towards 1580/1540 levels. 

Aartiind Daily Chart
Granules India (NSE:Granules)

Granules’s daily chart has given a breakdown last week on the chart and this week we have seen consolidation between last week and now if stock break 316 level and sustain below this we can see some major downside towards 296/280 levels in the coming days. Stock have currently resistance near 330/340 levels. 

Granules Daily Chart

Granules 2H chart showing us one more type of chart and stock forming inverted cup and handle pattern and now according to this line 300 level is strong support level and if stock break this we can see some major downside on chart pattern according to chart. 

Granules 2H Chart
Zee Entertainment (NSE:ZEEL)

Zeel daily charts trading in support trend line and now if stock break 183 level and sustain below this we can see some major downside towards 175/165 levels according to chart pattern. Stock have resistance at 200 resistance level according to chart. 

Zeel Daily Chart

Stocks to Watch

SIyaram Silk (NSE:SIYSIL)

Siyaram Silk weekly chart consolidated between the range 100 to 250 levels and now stock formed a Cup and Handle pattern with strong volume in last few months and now if stock break 280 level and sustain above this we can see some major movement in stock according to chart. Stock have support at 200/180 levels. 

Siysil Daily Chart
Aditya Birla Money (NSE:BIRLAMONEY)

Birla Money daily chart consolidated near 50 levels and still stock trading below breakout level and now if stock break 52/53 level and sustain above this we can see a major breakout on the chart and stock can move towards 70/100 levels in coming days. The stock has support near 38 levels on the chart.  

Birlamoney Daily Chart
TV Today (NSE:TVTODAY)

TV Today daily chart trading in Curve Pattern and now if the stock break 340 level and sustain above break we can see some major upside on chart pattern towards 400/480 levels and stock have support near 280/260 levels as per chart. 

Tvtoday Daily Chart
Banco Products India (NSE:BANCOINDIA)

Bancoindia daily chart has formed Pole and Flag pattern and now we need to wait here, if stock break 170/175 level and sustain above this we can see some major upside towards 190/230 levels as per chart pattern. The stock has support at 140/135 level according to the chart. 

BancoIndia Daily Chart
Crest Ventures (NSE:CREST)

Crest daily chart consolidated lower side and now formed inverted head and shoulder pattern and if stock able to break 110 level and sustain above this we can see some major breakout on the chart and we can see some upside towards 145/180 levels in coming days. The stock has support near 80 levels according to chart. 

Crest Daily Chart

Cash Stocks

Mep Infrastructure (NSE:MEP)

MEP daily chart has formed the Symmetrical Triangle Pattern and now stock trading at resistance level with bullish candlestick pattern with strong volume and now if stock break 20.5 level and sustain above this we can see some major upside on chart towards 26.00/30.00 levels in coming days. The stock has support near 18.00 level on the chart. 

MEP Daily Chart
Texmo Pipe & Product (NSE:TEXMOPIPE)

Texmo Pipe & Products line chart finally now above multi-year breakout on chart with strong volume and now stock can move towards 70.00/110.00 levels in coming days. Stock has support near 30 level on current chart. 

Texmopipe Daily Chart
Jamna Auto Industry (NSE:JAMNAAUTO)

Jamna Auto daily chart has given breakout in Pole and Flag pattern and this confirmed by bullish candlestick as well as Volume spike. now stock can move towards 88.00/100.00 levels in the coming days. The stock has support near 68/64 levels according to the chart. 

Jamnaauto Daily Chart
Universal Cables (NSE:UNIVCABLE)

Universal Cables has given breakout at 169 level and now trading at 183 level as per our last alert, currently, stock performing moving as per the Symmetrical triangle pattern and now we can see this move towards 220/240 levels in coming days. The stock has support near 160 level on the chart. 

Univcable Daily Chart
Eveready Industries (NSE:EVEREADY)

Everready daily chart trading above Curve pattern and now consolidated at breakout and formed Pole and Flag pattern here, and now if stock break 320 level and sustain we can see some major upside towards 380/440 levels in coming days. The stock has support near 260 level which is Curve pattern breakout level. 

Eveready Daily Chart
Natco Pharma Ltd (NSE:NATCOPHARMA)

Natcopharma daily chart has given breakout in the Cup and Handle Pattern and still stock trading one 1040 major resistance level, but currently, breakout confirms by volume and price both, we need to wait for 1040 level for larger picture and movement of the chart, if stock break that level we can see some strong movement on the chart. The stock has support near 920 level on the chart. 

 

Eveready Daily Chart

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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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