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Chart Source- Tradingview.com
Nifty Daily Chart now turns into strong consolidation between the price in the range of rectangle between 15915-15350 levels and still consolidating with small candlestick patterns, and now if index break the new high which is 16K level and now if index break this out we can see upside movement with rectangle and now if index break 15300 level and this will be the breakdown on Ascending Channel pattern as well as rectangle pattern on the chart.
Nifty Bank 4H chart still trading between the Rectangle Pattern and index consolidating between the support and resistance levels, and this type of range just kill the trading intent and price movement on the chart, and now if index break 35800 level and sustain above this we can see some major upside on the chart, if index break 34000 levels and sustain below this we can see some major movement on the chart.
Nifty IT daily chart moved perfectly as per the Rectangle Pattern and now index moving near resistance level with consolidation and now if index break 29350 level and sustain above this we can see some movement towards 31000-32000 levels in coming days with the 28200 support level.
Nifty Metal daily chart trading between the Rectangle Pattern and still price between this range and now if index break the range 5525 level and we can see a breakout in Rectangle Pattern and now if Nifty Metal breaks the 5000 levels and sustain below this we can see some movement in downside according to rectangle pattern.
Nifty Auto daily chart trading in Cup and handle pattern and still price moving in a consolidation zone between the range 10400-11000 range and now if Nifty Auto break the range 11000 level and sustain above this we will see breakout confirmation on the chart and now if Nifty Auto break 10500 levels and sustain below this we can see some major downside on the chart pattern.
Nifty Pharma daily chart trading in the Rectangle Pattern and still price trading between the range after the strong breakout level and now if index break 14600 level and sustain above this we can see some more upside on chart and now index trading at 14200 support level on chart.
Nifty Media weekly chart still trading between the range and index trading in Horizontal Resistance level and now if Nifty Media break that level we can see strong breakout in Curve pattern and after this we can see some more movement, and now Nifty Media not able to break that level we can see more consolidation below the resistance level on chart.