BlogChartBook139th ChartBook

139th 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.​

Chart Source- Tradingview.com

Indices Charts

Nifty-

Nifty Daily Chart perfectly moving as per Rectangle Pattern and we have seen this type move recently in Nifty IT and this is just a start if we compare Nifty IT chart with Nifty. Nifty may move towards 16800-17000 levels in coming days according to chart pattern and the stock has support near 16400-16300 levels. 

Nifty Bank-

Nifty Bank Daily chart tried to break the Cup and Handle pattern and now that Handle converts into a strong rectangle pattern and index trading at support level with the bullish formation we can see more consolidation between the range 36000 to 340000 levels in coming days. If Nifty Bank if break 36000 level and sustain abvoe this we can see some major upside in the index and if the Index break 34000 level and sustain below this we can see some major downside in an index. 

Nifty IT-

Nifty IT daily chart perfectly moved as per our Rectangle Pattern breakout and now index trading near ‘v’ point of wave and formed some indecisive nature candlestick pattern here. If Index breaks 30400 levels and sustain above this we can see some more upside towards 31000/31500 levels in the coming days and if Nifty IT break 29300 levels and sustain below this we can see some possible reversal in the Index towards 28000 levels. 

Nifty Metal-

Nifty Metal trading between the strong Rectangle pattern and direction of index price is clear and this is Sideways and now if index break 5555 level we can see some major upside in the index and if Nifty Metal able to break 5000 levels and sustain below this we can see some major downside towards 4750/4600 levels as per Rectangle pattern. 

Nifty FMCG-

Nifty FMCG daily chart trading at a fresh breakout in small rectangle pattern and now index may move towards 37200/38000 levels in coming days, but we need to watch out 36750 levels closely before this new movement to start. 

Breakout Charts

Ibulhsgfin-

Stock price tradijng at fresh support which created by recent resistance levels, and now stock consolidated at this support and trying to bounce from here with the help of Volume and price bounce, now stock can move towards 320/355 levels in coming days with the help of 260 support level on chart. 

Icici Bank-

ICICI BANK daily chart has given breakout in Cup and Handle pattern with strong volume and price pattern also supporting this breakout, we can see movement towards 710/740 levels in coming days with the help of 660/650 support level on the chart pattern. 

ITC-

ITC daily chart has given breakout in Descending Triangle pattern with strong volume, but still, I will take next step with one more confirmation above 215 level, if stock able to sustain abvoe 215 level and sustain above this we can see some major upside towards 225/230 levels in coming days with the support of 208 level. 

SBIN-

SBIN 2 Hour chart trading in Symmetrical Triangle pattern and still trading below breakout level, if stock able to break 432 level and sustain above this we can see movement towards 450/470 levels in coming days with the help of 420 support level on the chart pattern. 

DLF-

DLF weekly chart trading in rounding bottom breakout zone and stock moving upside with pattern potential and stock can move towards 400/450 levels in coming weeks and months with the help of 260 support level in rounding bottom pattern. 

AARTIIND-

Aarti Industry daily chart bouncing from support level just like Bergerpaint did some time back, and now stock trading near 910 resistance level, if stock break 910 level and sustain here we will consider this breakout in Symmetrical triangle pattern with strong volume. Stock can move towards 960/1000 post-breakout with the help of the 860 support level. 

Breakdown Charts

IndusTower-

IndusTower daily chart has given breakdown in Rectangle Pattern and now stock can move towards the 205/190 levels in coming days with the help of 240 resistance level on chart pattern. 
Basically IndusTower is too volatile with movement so we always need to watch this stock carefully with safe hands. 

Naukri-

Naukri Trading at a strong support level and also psychological support level at 5000 levels, if stock break this level and sustain below this we can see downside towards 4800/4600/4400 post breakdown with the help of 5300 resistance level post breakdown in the chart. 

PVR-

PVR daily chart reversing from upside and now possibly stock can move in a downtrend in secondary trend. If stock break the 1300 level again and sustain below this we can see some major downside towards 1250-1200 levels post breakdown with the help of 1350 resistance level on the chart pattern. 

Breakout Cash Charts- 

All Cargo-

All Cargo Weekly chart moving as per our Rectangle pattern and Rounding Bottom pattern perfectly and now stock moved 155 to 178 level and still volume and price pushing stock towards 200/220 levels in coming days with the help of 160/155 support level now. 

Sparc-

Sparc’s daily chart is not much different from All Cargo chat and now stock is moving upside with a strong chart, and stock moving with a strong volume with a strong price and now, Sparc can move towards 320/360 levels in the coming days with the help of 215 support level on the chart pattern. 

Rane Holding-

Rane Holding daily chart is now at a fresh breakout with strong volume and now stock can move towards 800/880 levels in coming days with the help of 670 support level on the chart pattern. 

Aparinds-

Apar Industry moving in an uptrend with strong wave movement and now again stock has given breakout in pole and flag pattern and now stock can move towards 720-760 levels in coming days with the help of 560 support level on the chart. 

MahScooter-

MahScooter’s daily chart has given breakout in an Inverted Head and shoulder pattern and now stock can move towards 4400-4800 level in coming days as this breakout is supported by volume and price. The stock has support at the 3600/3800 level on the chart. 

Aptech-

Aptech daily chart moving with cup and handle pattern with some volume and now stock consolidated above breakout range in pennant pattern and now the stock has given breakout with strong volume, now stock can move towards 320-360 levels in coming days with the help of 240-230 support level on the chart pattern. 

Jocil-

Jocil daily chart has given breakout in Curve pattern with strong volume and price confirmation, now stock can move towards 280-320 levels in coming days with the help of 210/215 support level on chart. 

Charts to Watch- 

Mirzaint-

Mirzaint Weekly chart consolidated in a small range and now stock trying to break out from the rounding bottom pattern and now if stock break 63/65 level and sustain above this we can see some major breakout towards 80-100 levels in coming days post-breakout with the help of 55/50 support level. 

Seamecltd-

Semecltd daily chart trading near major resistance level and now if stock break 520 level and sustain here we can see a major breakout on chart and stock can move towards 570/600 levels in coming days with the help of 480/500 support level on the chart. 

BPL-

BPL daily chart moved 25 to 44 level and now stock at a fresh breakout in rounding bottom pattern and now stock trading at fresh breakout level with strong volume and now stock can move towards 60/70 levels in coming days with the help of 35/30 support level. 

United Tea-

United Tea daily chart formed a cup and handle pattern and now if stock is able to sustain above 385 we can see a major breakout in the chart and stock can move towards 460/500 level post-breakout with the help of 340 support level on the chart. 

Praeng-

Praeng Weekly chart moved 9 levels to 21 levels as per last catch and now stock trading above major breakout in Rounding Bottom pattern and now stock can move towards 32/40 levels in coming days with the help of 12 support level.

RKDL-

RKDL daily chart moving just like Praeng and now stock moving towards the 25 breakout level and if stock break that level we can see non stop movement post-breakout in the chart with the 10/12 support level. 

Commodity Charts- 

Crude Oil-

Crude Oil daily chart trading in Ascending Channel pattern and now Crude bouncing from support with Morning star pattern and now price can move towards 5600/5800 levels in coming days with the possible support of 5000 which is ascending channel support. 


5000 level is major support for Crude now and now if stock break this support we can see some downside on the chart pattern. 

Gold-

Gold chart trading in Descending Triangle pattern and and now again consolidating near resistance level and now if Gold break 47000 level and sustain below this we can see some major downside on chart towards 46000-45000 levels or if Gold not able to break 47000 level we can see more consolidation between the range 47000 to 49000 levels. 

Gold Chart if break 49000 levels and sustain above this we can see possible breakout in chart and Gold can move towards 51000-53000 level in chart. 

Silver-

Silver trading in Ascending Triangle Pattern and now Silver trading at support level and now Silver consolidating here at support and now if Silver break 68000 level and sustain above this we can see some breakout towards 71000-74000 levels in coming days and if Silver break 66250 level and sustain below this we can see breakdown in Silver pattern towards 62000-61000 levels as per chart. 

Copper-

Copper Daily chart trading at the support level and now Copper bounce after taking support here and Copper moved 4% after our chart and now Copper may move towards 790/800 levels in coming days and now If Copper break 800 level and sustain above this we can see some major upside on chart. 

Aluminum-

Aluminium daily chart trading in Symmetrical Triangle pattern and now if stock break 200/201 level and sustain above this we can see some major breakout towards 207/210 levels in coming days with help of 195/196 support level, if Aluminium daily chart if break 195 break that level and sustain below this we can see some major downside towards 187/182 levels. 

Lead-

Lead Daily chart trading at the resistance level and now price reversing from resistance level and now Lead may move towards 170-166 levels in coming days with the help of 178-179 resistance level on the chart. 

Lead if break 181 level and sustain above this we can see some major breakout on chart pattern. 

Currency Charts- 

EURINR-

EURINR daily chart trading in Rectangle Pattern and now pair trading near the middle line and now pair will trade between the range 88.5000 to 85.5000 levels and now if Eurinr breaks 85.500 level and sustain below this we can see more downside and if EURINR breaks 89.0000 we can see some major upside on the chart. 

USDINR-

USDINR daily chart trading in Rectangle Pattern and now Pair trading near resistance and started consolidation here and we can some possible reversal within rectangle pattern. USDINR has a tight range between the 75.5000-72.0000 levels and this range will decide the future of pair price movement. 

JPYINR-

JPYINR daily chart trading in Rectangle Pattern and now price trading in lower side Rectangle pattern and we can see more consolidation between the range 0.69000-0.66000 levels. If JPYINR breaks the range upside we can see the major upside and if Pair break down this range downside we can see some major downside on the 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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