BlogChartBook135th ChartBook

135th 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 but with small candlesticks on cahrt and now index trading between the inner Ascending Channel inside the major Ascending Channel pattern and now we need to follow the range 15900 to 15200 levels, if index break 15200 level and sustain below this we can see some major downside on chart pattern and now if Nifty break 15900 level and sustain above this we can see some major upside on chart. 

Nifty Bank Chart- 

Nifty Bank 4H Chart trading in Rising Wedge Pattern and now index trading in strong consolidation range between the 34300 to 35700 levels (Rectangle) and last week strong consolidating between this range, if index break 34300 levels and sustain below this we can see some major downside on the chart and if Index break 35600 levels and sustain above this we can see some major upside on the chart. 

Nifty IT Chart- 

Nifty Bank IT Chart has given breakout in Rectangle Pattern and index last week moved 27000 to 28400 levels and now index can move more upside towards 29500/30500 levels in coming days with the help of 27400 levels according to chart pattern. The index has support near the 27300 levels according to the chart. 

Nifty Metal Chart- 

Nifty Metal chart trading inside the Curve Pattern and we can call this as Pole and Flag pattern too and now if index able to break 5522 levels and sustain above this we can see some major upside on chart, stock has support near 5200 level on chart. Next level to watch 5800/6000 levels. 

Nifty AutoChart- 

Nifty Auto perfectly moved 9600 to 10800 levels and now the index has formed Cup and handle pattern. Now the stock has formed strong resistance at the 11111 levels and now stock break resistance we can see some major upside towards 11700/12000 levels, with the help of the 10300 support level. 

Nifty Pharma Chart- 

Nifty Pharma chart has given breakout on Chart, with strong consolidation on the chart and now index can move towards 15000/16000 levels in coming days with the help of 138000 support level on the chart pattern.

Nifty FMCG Chart- 

Nifty FMCG Chart has given breakout in Rectangle Pattern and now index can move towards 36500/37000 levels in coming days with the help of 35000 support level on the chart pattern. 

Nifty Media Chart- 

Nifty Media daily chart trading near resistance zone after the breakout in Rectangle Pattern and now if index break 1900 level and sustain above this we can some major upside towards 2200/2400 levels in coming days with the help of 1780 level. 

Breakout Stocks

Sail- 

Sail daily chart trading in Curve pattern and stock bouncing from support level after huge consolidating and now the index has given breakout in strong volume and price, now stock can move towards 145/151 levels in coming days with the help of 125 support level. 

Auropharma- 

Auropharma daily chart has taken support at rectangle pattern and now if stock break 1115 level and sustain above this we can see some major upside towards 1100/1133 levels in coming days with the help of 960 support level on the chart. 

Tatasteel- 

Tata steel daily chart forming curve pattern and now index consolidating at the support level and now stock can move towards 1200/1250 levels in coming days with the help of 1100 support and now if stock break 1255 level and sustain above this we can see upside towards 1300/1350 levels in coming. 

Jindal Steel- 

Jindal Steel’s daily chart took support at 400 level and now stock bouncing back from support with strong consolidation. Breakout with strong breakout and price and now index can move towards 450/475 levels soon with the help of 400 level on the chart.  

Coal India-  

Coal India daily chart has given breakout in Rectangle Pattern with strong volume and now index can move towards 180/200 levels soon with the help of 155/150 level on the chart. 

MGL-  

MGL daily chart trading in Cup and handle pattern and now stock trading below resistance zone which is in the range 1220/1240 levels and now if stock break 1240 level and sustain above this we can see some major upside towards 1300/1350 levels in coming days with the help of 1200 support level. 

Glenmark Pharma-  

Glenmark Pharma perfectly moving according to the Rectangle Pattern, stock moved 525 to 657 level according to chart and now stock can move towards 685/700 levels in coming days with the help of 625 support level. 

Tata Motors-  

Tata Motors daily chart has given breakout Pole and Flag pattern and now stock can move towards 400/450 levels in coming days with the help of 300 support level on chart. 

Breakdown Stocks

Bharat Forge-  

Bharat Forge daily chart trading at the resistance level and recently the stock has formed Marubozu pattern at resistance with strong resistance and now if stock break  735 level and sustain below this we can see some major downside towards 680/640 levels in coming days.

Nippon India-  

Nam-India daily chart trading at Gap resistance zone and now the stock has consolidated here and now if stock break 368 level and sustain below this we can see downside towards 355/345 levels according to chart with the resistance level at 380 level. 

Canara Bank-  

Canbk daily chart trading at the resistance level and now stock reversing from resistance level, if Ascending Channel break 153 level and sustain below this we can see some major downside towards 145/130 levels in coming days with the help of 163 resistance level on the chart. 

Ultratech Cement-  

Ultracemco daily chart trading at Ascending Support line and now if stock break 6600 level and sustain below this we can see some major downside towards 6400/6100 levels in coming days and if stock now able to break this support line we can see some bounce from support. 

Cash Stocks

Birla Cable-  

Birla Cable daily chart trading in Ascending Triangle pattern and now the stock has given breakout in new Pole and Flag pattern with strong volume, now stock can move towards 105/125 levels in coming days. Stock Has support near 75 levels on the chart. 

Nahar Capital-  

Naharcap daily chart has given fresh breakout in Curve pattern with strong price and volume. Stock can move towards 180/210 levels in the coming days with the help of 140 recent support levels. 

Nitco Ltd-  

Nitco daily chart has given breakout in rectangle pattern and now stock trading near the resistance level, if stock break 34 level and sustain above this we can see some major upside towards 44/52 levels in coming days. Stock Has support near 28 level. 

Skipper Ltd  

Skipper Ltd’s daily chart has given breakout in Cup and Handle pattern with strong volume and now stock can move towards 110/140 levels in coming days with the help of 65 support level. 

Alok Industries Ltd

Alok Industries daily chart has given breakout in the Rectangle Pattern with strong volume and now stock can move towards 35/42 levels in coming days as per pattern. Stock has Support near 22 level. 

NBCC (India) Ltd

NBCC daily chart has given a breakout in Cup and handle pattern, with the strong volume on the chart and strong Price on the chart, stock can move towards 62.50/67 levels in the coming days. The stock has support near 47.50 level. 

Stocks to Watch

Va Tech Wabag Ltd (Wabag)

Wabag daily chart trading at strong resistance level 355 level and is stock able to sustain above this we can see a fresh breakout on chart and stock can move towards 425/500 levels in coming days, stock has support near 300 level. 

Filatex (India)

Filatex Daily chart trading in Pole and Flag pattern and stock tried to break resistance, if stock break 113 level and sustain above this we can see some major breakout towards 130/150 levels in coming days with the help of 100 support level. 

VRL Logistics Ltd

Vrl Logistics Limited daily chart trading at resistance level, and now if the stock break 310 level and sustain above this we can see some major upside towards 360/400 level post-breakout.  Stock has support at at 260 level. 

Rs Software

Rssoftware daily chart has given breakout in Cup and handle Pattern and now stock moving upside and this may be a move towards 56/64 levels according to chart, Stock has support at 34 levels on the chart. 

Bharat Gears

Bharatgear daily chart trading at the resistance level and now if stock break 115 level and sustain above this we can see some major upside towards 130/150 levels, the stock has support near 95 support level. 

Indostar

Indostar daily chart trading at 420 level and if stock break this resistance level we can see fresh breakout on chart, and stock can move towards 480/530 level in coming days, stock has support near 360 level.  

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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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