BlogChartBook141st ChartBook

141st 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 still trading in Rectangle Pattern and still price consolidating near price with strong consolidation in range 35500 to 36500 level, once index able to break 36500 levels and sustain above this we can see movement towards 37500 levels post-breakout and once if index break 35500 level and sustain below this we can see some major downside inside the Rectangle pattern. 

Nifty IT-

Nifty IT daily chart just perfectly moved according to Rectangle Pattern and price moved 27K to 32.8K levels according to chart and now still price moving upside and price may move towards 34K/36K levels. The index has support near 31K/32K levels according to the chart pattern. 

Nifty Metal-

Nifty Metal Daily chart trading retesting the Rectangle Pattern and now index bouncing from the support level and now index, if the break 5900 level and sustain above this we can see some major upside towards 6200-6300 levels in coming days, the stock has support near 5600-5700 level as per chart patter. You can match this Index chart with Nifty IT, Nifty 50. 

Nifty Energy-

Nifty Energy daily chart trading in Curve Pattern and now index trading near support level and now index after consolidation may break this 20000 level and now index may move towards 20400-20800 levels in coming days, Index has support near 19200-19300 level according to chart pattern. 

Breakout Charts

Larsen & Toubro (LT)-

LT daily chart moving upside and still stock trading more upside with pole and flag pattern. The stock has given breakout with strong volume and price, and now stock may move towards 1725-1750 levels in coming days, the stock has support near the 1600-1625 level on the chart. 

Tata Consumer Product Ltd (Tataconsum)-

Tataconsum daily chart has given fresh breakout in Rectangle Pattern with strong volume and price, the stock may move towards 850-875 levels in coming days, the stock has support near 760-766 level on the chart.

Tata Steel Ltd (TataSteel)-

Tata steel 4H Chart has given fresh breakout in Pole and Flag pattern with strong volume with price, and now stock moving upside and we can see some upside towards 1550/1600 levels as per chart and stock has to support near 1430/1445 level on the chart. 

Cummins India (Cumminsind)-

Cumminsind Daily chart trading in Curve Pattern and still price moving between the pole and flag pattern with strong volume and price, and now stock may move towards 1050-1150 levels according to chart pattern, stock have support near 900-920 level on the chart. 

Reliance Industry (Reliance)-

Reliance daily chart trading in Rectangle Pattern and now stock formed the inverted head and shoulder pattern and now price may move towards 2200/2270 levels as per price pattern and the stock has support near the 2100/2080 level on the chart pattern. 

Breakdown Charts

Motherson Sumi Systems (MotherSumi)-

MotherSumi daily chart trading in Ascending Channel pattern and the stock gave breakdown in pattern and stock may move towards 200/185 levels as per the chart pattern, the stock has resistance near the 235-240 levels according to chart. 

City Union Bank (CUB)-

CUB daily chart moved downside after the Symmetrical Triangle Pattern and now if stock break the 149 level and sustain below this level we can see some major downside towards the 140/135 level according to the chart with the resistance level of 155/156. 

Page Industries Ltd (PageInd)-

Page Industries daily chart trading in Rectangle pattern and now the stock has given a breakdown in retest level with strong volume and breakdown and now stock may move towards 30000-27500 levels as per the 32000-33000 levels as per chart pattern.  

Trent Limited (Trent)-

Trent Limited daily chart has given a breakdown in Ascending Channel pattern with strong volume and now stock may move towards 825-750 levels in coming days as per chart pattern. The stock has resistance near the 900-920 resistance level. 

Charts to Watch

Alembic Pharmaceut (APLLTD)-

APLLTD daily chart pattern trading near the support level after the strong fall and now stock has formed the morning star at support and now if stock break the 800 level we can see a breakout in chart pattern and we can see some recovery in stock towards the rectangle pattern. 

Oracle Finance Service (OFSS)-

OFSS daily chart has given breakout in Weekly chart with strong chart, now stock may move towards 5000-5500 levels in coming days, with the help of 4400-4300 support level on chart. 

Godfrey Phillips Limited (Godryplhp)-

Godfryphlp daily chart trading in the Rectangle Pattern and now finally stock has formed the volume here and now if stock break the 1100 level and sustain above this we can see some major upside towards 1200/1300 levels post-breakout on the chart with the help of 1000/1040 support level. 

Maharashtra Seamless (Mahseamles)-

Mahseamles daily chart trading in the Symmetrical Triangle pattern and now stock forming the strong volume on the chart and now if stock break the 330 level and sustain above this we can see some major upside towards 360/380 levels as per the chart, the stock has support near the 310 support level on the chart. 

Purvankara Limited (Purva)-

Purva daily chart moving upside as per chart and now stock moving upside with strong volume and now if stock break the 120 level and sustain above this we can see some major upside towards 140/150 levels as per chart with the help of 100 support level. 

Cash Breakout Charts

TD Power Systems (TDPOWER)-

TDPOWER daily chart has given breakout in Curve Pattern with strong volume and price and now stock may move towards 275/350 levels in coming days with the help of 200/190 support level on the chart pattern. 

Shriram City Union (SHRIRAMCIT)-

SHRIRAMCIT daily chart has given breakout in Curve Pattern with strong volume and price, and now stock may move towards 2.6K in coming days, stock chart has support near 1950 support on chart. 

The Investment (THEINVEST)-

Theinvest weekly chart has given breakout in the Descending Channel pattern with the strong and highest volume of all time and now stock may move towards 163 level and once if stock chart able to sustain above this level we can see major breakout towards 200/250 levels as per chart with the help of 100 support on the chart. 

Krebs Biochem & Ind (KRESBIO)-

KRESBSBIO daily chart has given breakout in a cup and handles pattern with strong volume and price, and now stock can move towards 170/190 levels as per the support level near 130 support level on chart. 

Titagarh Wagons Limited (TWL)-

TWL daily chart has given breakout in curve pattern with strong volume and price in range, now stock can move towards 130/150 levels in coming days with the help of 80/75 support near the level. 

Emkay Global Fin (EMKAY-

EMKAY daily chart has given breakout in Curve pattern and stock moving upside with strong volume and now stock may move towards 180/210 levels with the help of 100 support level on the chart pattern. 

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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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