BlogChartBook134th ChartBook

134th 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 trading at New High and trading in Ascending Channel pattern and now index may reach to the middle line of chart and if index not able to break that level we can see some reverse on the chart. Nifty Currently moving with a small candlestick pattern and now if the index break 15200/300 level and sustain below this we can see some downside.

Nifty Bank Chart-

Nifty Bank Daily Chart trading in an uptrend and now trading between strong consolidation zone and we can see some sideways type movement between the range 37700 to 35000 levels and these levels will play a major role on the chart pattern. If Nifty Bank breaks the 35000 lower levels on rectangle we can see some downside towards 33000/32000 levels. 

Nifty Bank Chart- When we zoom 2H Chart, we can see Rising Wedge pattern and now index trading at the resistance level and trading in inner Ascending Channel pattern and now if index break 35000 level and sustain below this we can see some downside on the chart and resistance is near 35600 resistance levels on 2H Chart. 

Nifty IT- 

Nifty IT 4H chart trading in the Rectangle Pattern and now index trading near resistance level and consolidating here and now if index break 26700 level and sustain below this we can see movement towards lower support level in rectangle towards 25600/24800 levels on the chart. If Nifty breaks the 27500 levels and sustain above this we can see some major upside on the chart and if the index is now able to break we can see some consolidation here. 

Nifty Auto- 

Nifty Auto daily chart trading in Curve Pattern and now index again near resistance level on the chart and now we can see some consolidation between the 10700 to 11111 levels and these levels will play a major role in coming days if Index break 11111 levels now we can see some major upside on the chart and if index return from here we can see some downside from these resistance levels. 

Nifty FMCG- 

Nifty FMCG daily chart trading in Rising Wedge pattern and now index trading near resistance level with some consolidation and now index formed Bearish Engulfing pattern and now if index break 34800 level and sustain below support we can see some major downfall towards 34400/32800 levels in coming days. The index has resistance near 35444 levels. 

Nifty Pharma-

Nifty Pharma daily chart consolidating near resistance level with some consolidation on the chart and still no one side direction on the chart. If Nifty Pharma breaks 14300 levels and sustain above this we can see some major upside and if Nifty Pharma breaks 13800 levels we can see some reversal on the chart. 

Nifty Media-

Nifty Media daily chart trading in downtrend line and still index trading below the resistance level, if index now able to break 1820 level and sustain below this we can see some reversal and if Nifty Media break 1850 level and sustain above this we can see some major upside. 

Nifty Infra-

Nifty Infra weekly chart trading in the rectangle pattern and now index moving out of rectangle pattern with strong price and now index possibly can continue this movement towards 4800/5200 levels on chart and if index again able to trade in rectangle pattern we can see consolidation. 

Nifty Realty-

Nifty Realty weekly chart trading in strong rectangle pattern of 10 years, and still trading between the Rectangle pattern and now if index break 360/365 level and sustain above this we can see some major upside on the chart and if index not able to break this we can see again consolidation between the rectangle pattern. 

Breakout Stocks

L&TFH –

L&TFH daily chart trading in the Curve Pattern and now stock bouncing after consolidation at support and now stock trading at breakout level with strong volume and the candlestick and now we can see some upside towards 103/111 levels in coming days and stock has support near 93 support level. 

Bajajfinsv-

Bajajfinsv daily chart trading in an uptrend and now again stock has new breakout with strong volume and candlestick pattern and now stock can move towards 12800/13000 levels in coming days and the stock has support near 11800 support level.

Grasim-

Grasim’s daily chart has given breakout in the Double Bottom pattern, and now the stock has given breakout with strong volume and price. Now Stock may move towards 1600/1650 levels in the coming days and the stock has support near the 1470 levels. 

HDFC- 

HDFC daily chart forming Curve pattern like other Banking Stocks and now index looking for a breakout and now stock can move towards 2700/2850 levels in coming days with the support or 2530 support level. HDFC daily chart has support at 2450 level on chart. 

Heromotoco- 

Heromotoco daily chart consolidating in support level with the rectangle pattern and now the stock has given breakout in bullish pattern with some volume, now index can move towards 3200/3400 levels in coming days. The stock has support near 2950/2900 levels on the chart. 

Vodafone Idea- 

Idea Daily chart trading in Rectangle pattern and now stock trading at the support level and now stock may bounce and give stock on high volume and now stock can move towards the upper line of rectangle pattern which is near 12/14 levels. You can match this chart with the recent chart of Muthootfin. 

Breakdown Stocks

CUB- 

CUB daily chart has given a breakdown in the Ascending Channel pattern and now stock can move towards 160/155 levels in coming days and stock has resistance at 170 levels on the chart. 

Drreddy- 

Dr reddy daily chart trading in Rectangle Pattern and now stock trading near resistance level with strong consolidating zone, and now if stock break 5000 level and sustain below this we can see some downside towards the lower line of Rectangle Pattern which is near 4600/4400 levels.

Icicigi- 

ICICIGI daily chart trading in the Ascending Trendline and now if stock break 1470 level and sustain below this we can see a downside. ICICIGI forming huge volume in and unwanted candlestick here before breakdown and if a breakdown happens we can see some downside towards the next support point which is near 1320/1240 levels. The stock has resistance at the 1480 level on the chart. 

Sun pharma- 

SUNPHARMA daily chart trading in The Ascending Channel pattern and currently stock trading in Middle line and now if stock break 660 level and sustain below this we can see some downside on chart towards 640/630 levels and the stock has resistance near 680 level. 

Nestle India- 

Nestle India daily chart trading in The Rectangle Pattern and now stock trading near resistance level and now stock trying to reverse from a resistance level with strong volume and strong candlestick pattern. Now stock can move towards the lower line towards 16100 levels. The stock has resistance at 17800 levels on the chart. 

Cash Stocks

Asian Hotel North- 

Asianhotnr daily chart has given breakout in the cup and handle pattern with strong volume and this may lead stock towards 130/160 levels and the stock has support near 80 levels on the chart. 

S. P. Apparels Limited- 


SPAL Weekly chart trading in The Curve pattern and now stock moving upside from down level with strong volume and now stock can move towards the upper line of Curve Pattern. The upper level is near 360/440 levels in the coming days with the help of 180 support levels on the chart pattern. 

Aries Agro Limited-  

Aries daily chart has given breakout in The Cup and handle Pattern with strong volume and now stock can move towards 160/200 levels as per chart pattern prediction. Aries has support near 108 level on the chart pattern. 

Rane Holding Limited –  

Rane Holding Weekly chart taking support in a range 450 to 600 levels and now if the stock has given breakout in the chart at 670 level and sustain above this we can see some major upside towards 1000/1100 levels in coming days with the help of 600 support level. 

Sutlej Textiles –  

Sutlejtex Weekly chart has given breakout in Cup and Handle pattern with strong volume and now this stock may move towards 75/90 levels in coming days with the help of 48 support level on the chart. 

Vasconeq –  

Vasconeq daily chart has given breakout in a cup and handle pattern and this may be Treat as a Possible Curve pattern too and now stock can move towards 28/32 levels asper Curve next resistance level. The stock has support near the 18/16 level. 

Stocks to Watch-

Orissa Minerals-  

Orissamine Weekly Chart has given breakout in Cup and handle Pattern with strong volume and strong volume on the chart. Orissamine already moved 2700 to 3500 levels as per chart and this may be Continue towards 4000/4760 levels which are strong resistance levels on the chart. The stock has support near 2800 levels on the chart. 

Paramount Communication-  

Paracables weekly chart formed huge volumes in a big and wide cup and handle patterns, now stock moved 10 to 14.2 level and still, 20 is Cup nad Handle pattern base for stock. 20 Level will play a major role in the coming days and if stock break the 20 level we can see some major upside and if stock not able to break this level we can see consolidation between the Cup and handle pattern. 

Aptech Ltd-   

Aptecht Weekly Chart formed The Cup and handle pattern and we can clearly see huge volume on the chart and now if stock break 245 level and sustain above this we can see some major upside towards 280/340 levels in coming days and this may be due to forming Curve Pattern. The stock has support near 200 level. 

Jayant Agro Org-   

Jayaagro Daily chart formed Curve Pattern and now stock sustain here above 220 level we can see some major upside with strong volume and we can see some upside towards 260/300 level and if stock able to reach these levels we can see big Curve Pattern on the chart. The stock has support near 180 levels. 

GPT Infraprojects- 

GPTINFRA daily chart has formed consolidation in range and this level forming consolidation between the range and we can see some more consolidation below these levels. If the GPTINFRA level breaks 68 levels and sustain above this we can see some major upside towards 100/130 levels as per the chart. If Stock able to move according to our level we can see possible Curve Pattern according to chart pattern.

Eveready Industries- 

Eveready Daily chart trading in the Pole and flag pattern and now stock consolidating in range with strong volume. If stock break level and now stock can move towards 380/440 levels in coming days with the help 280/260 levels on chart pattern according to 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 Advisors & Research Analysts.

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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