BlogChartBook142nd ChartBook

142nd 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 last week perfectly moved according to chart and one friday we have seen selling with gap down and afdter that we can seen some recovery same day, and now if stock break 16700 level and sustain above this we can see some major upside on chart and if index not break the 16700 level and trading below this we can see more consolidtion between the range 16700 to 16200 level and this range is going to major role in coming days movement. 

Nifty Bank-

Nifty Bank Dailly chart time to time tried to break recent resistance levels but failed to move after given small breakouts, and now one more time, the index reversed from resistance line with the formation of bearish marubozu at resistance level  and now price trading at middle line of Rectangle Pattern and now we can see some small bounce or if index break 34800 level and sustain below this we can see somr downside. Currently index trading between the rectangle range 36200-34000 levels and this will place major role for next big breakout and breakdown on chart. 

Nifty Midcap 50-

Nifty Midcap 50 Daily chart trading at Rectangle’s resistance line which is now working as support and price fall after the movement and price trading near 7200 support level, if price break this support level and sustain below this we can see some major downside towards 6800/6500 levels. Index have strong consolidation range of rectangle between the 7200 to 6400 levels and now if price fall into this range we can see some consolidation between the range. 

Nifty IT-

Nifty IT daily chart is one of prime example of strong movement with strong price and price moved according to rectangle pattern breakout price moved 27000 to 3300 level and still price is strong on price we can see some major movement according to chart pattern.

Nifty Metal-

Nifty Metal Daily last week tried to bounce from the support which is formed by the Rectangle pattern, but not sustain above this level and now index again enter into the rectangle pattern. Price if consolidate between the movement 5500 to 4900 levels. If Nifty Metal break the rectangle support and sustain below this we can see some major breakdown and if Nifty Metal again able to gain the resistance level we can see some movement according to price. 

Nifty FMCG-

Nifty FMCG is only sector which is strongly outperforming in last week and now price trading above the breakout level in rectangle pattern at fresh high and index may be move towards 41K-43K levels in coming days as per chart pattern with the help of 37K support level. 

Nifty Auto-

Nifty Auto daily chart trading between the Rectangle Pattern and price moving downside with small movement and price falling. Price may fall downside towards the 9500 support level according to price movement. If Nifty Auto took support at lower level of 9400 support level we can see some movement according to next price. 

Breakout Charts

Petronet Lng (Petronet)-

Petronet daily chart finally trading at multiple support level and now price bouncing with strong price and strong volume in last 3 days, now price may continue to bounce towards 240 to 255 levels in coming days with the help of 210/215 support level on chart pattern according to price. 

Petronet daily chart once if break 210 level and sustain below this level we can see some major downside on chart pattern according to price towards the 200-190 levels. 

Bajaj Finance Ltd (BAJFINANCE)-

Bajaj Finance daily chart given breakout in Ascending Triangle Pattern with strong price and volume, and this breakout at fresh breakout with at fresh high, and this price may lead towards 7000-7150 levels in coming days with the help of 6250-6300 levels. 

If Price not able to move upside and enter into consolidation range again we can see more consolidsation between the price range 6000 to 6350 levels, fresh breakdown below the 6000 level on chart. 

Nestle India Ltd (Nestleind)-

Nestle India daily chart has given breakout in the Rectangle Pattern with strong price and volume, and now stock price trading at fresh high, stock may move towards the 22K-24K levels as per the chart pattern with the help of the 18500/18000 support level on chart.  

Shree Cement Ltd (SHREECEM)-

Shree Cement daily chart trading between the Rectangle Pattern and now stock price trading at support level and now if price break the 26.8K level and sustain above this level we can see reversal confirmation towards 28K-29.4K levels as per the rectangle resistance levels as per the price. 

Shree Cement daily chart if break the 25.5K level and sustain below this we can see fresh breakdown in rectangle pattern we can see downside only after the breakdown level towards the 24000/23000 levels. 

Breakdown Charts

LIC Housing Finance (LICHSGFIN)-

LICHSGFIN daily chart trading at Strong support level and price moving downside and volume also creating here, if LICHSGFIN able to break below the 372 level and sustain below this with strong volume, we can see some major downside towards 340-320 levels in coming days with the help of 385-390 resistance level on chart pattern. 

Power Finance Corporation (PFC)-

PFC daily chart trading in the Ascending Triangle pattern and now stock price has given breakdown in pattern, but volume is less, if stock price able to sustain below the 124 level we can see some major downside towards 118-112 levels in coming days according to chart pattern with the 129 resistance level on chart pattern. 

Zee Entertainment Limited (ZEEL)-

Zeel daily chart has given breakdown in multiple support level with strong volume, now stock price may go down towards the 160-140 levels in coming days with the help of 180-182 resistance level on chart pattern. 

Zeel daily chart if not able to sustain below the breakdown level we can see some bounce from the level according to price pattern. 

NMDC Limited (NMDC)-

NMDC daily chart trading in uptrend level and now stock price given breakdown in price with strong volume and price, now NMDC may be move towards the 140-130 levels in coming days according to chart pattern with the strong resistance level at 160 on chart. 

NMDC daily chart if not able to move downside and if able to gain the 160 level and sustain above this we can see we can see some streghth for bulls. 

Bank of Baroda (Bankbaroda)-

Bankbaroda daily chart has given breakdown in the Rectangle Pattern with strong volume and price, now stock may fall towards the 68-62 level as per pattern, stock has resistance at 76/77 level on the chart pattern. Bank Baroda is currently forming the Curve pattern according to price formation. 


Bank Baroda if gain the 80 level and sustain above this we can see some major upsie in stock according to price formation. 

Lupin Ltd (LUPIN)-

Lupin daily chart falling in last few days and now again stock has given breakdown in price, now stock can move towards 850-800 levels in coming days as per chart pattern. 

Lupin daily chart trading at fresh breakdown, if stock able to gain 982 level and sustain above this we can see some streghth to bulls. 

Charts to Watch

Havells India Ltd (HAVELLS)-

Havells daily chart finally complete the Curve Pattern  and now price trading at resistance level and consolidated here at resistance level and now if price break the 1200 level we can see confirmation for reversal on chart pattern. If Havells able to sustain below this we can see some major downside towards 1120/1040 levels according to chart pattern with the help of 1250-1260 resistance level. 

Britannia Industries Limited (Britannia)-

Britannia daily price chart trading between the strong and big rectangle pattern and we have seen strong bounce from support with strong volume, now if Britannia break the 4010 level and sustain above this we can see some major breakout towards the 4200-4300 levels in coming days with the help of 3800-3750 support on the price. 

Rectangle pattern if not able to cross the 4010 level we can see more consolidation between the 3350 to 4010 rectangle pattern and if price not able to break this range we can see more consolidation between the price. 

Cash Charts

Hindustan Unilever Limited (HINDUNILVR)-

Hindunilvr daily chart has given breakout in the Ascending Triangle pattern with strong volume and price, now stock may move towards 2750/2900 levels in coming days according to chart pattern, stock has support near the 2550 support level on the chart pattern. 

Varun Beverages Limited (VBL)-

VBL daily chart has given breakout in multi bump pattern with strong volume, now price may move towards the 840/860 levels post breakout in chart with the help of 790 support level. 


VBL daily chart if not able to sustain above 790 level and if trading below this we can see again consolidation between the recent bumps range. 

Bombay Burmah Limited (BBTC)-

BBTC daily trading between the Rectangle Pattern and now index trading at lower line and now stock bouncing from support with strong volume and price, but some profit booking not helping for reversal confirmation, if price able to break 1215 level and sustain above this we can see some major upside towards 1300-1425 post the breakout confirmation. 

Stock has strong support near the 1100 level and if stock able to break this level we can see some major downside on chart. 

Securekloud Tech Ltd (SECURKLOUD)-

Securkloud daily chart trading at strong resistance level and now price and volume indicating the breakout here, if stock break the 123 level and sustain above this we can see some major upside on chart pattern with the help of 99.00-80.00 support level on chart. 

Commodity Charts

SILVER-

Silver daily chart perfectly moving as per the chart pattern, the stock has given a breakdown in Ascending Triangle pattern and price moved 66000 to 61000 level and now price trading at 3rd point, and now we can see some bounce here and now if Silver break 64000 level and sustain above this we can see some bounce in the chart and if Silver break the 61000 levels and sustain below this we can see some major downside towards 58000/57000 level as per chart. 

Gold-

Gold tried to bounce from the Descending Triangle pattern and price took support at the lower line, and now price trading at the resistance level and formed the reversal pattern for bearish side, now if Gold break the 46800 level and sustain below this we can see some major downside towards 46000-45000 levels as per chart. Gold if break the 48100 levels and sustain above this we can see some major upside in chart pattern and if Gold break the triangle pattern lower side 45000 levels we can see some major downside on the chart. 

Crude Oil-

Crude Oil moving downside as per the chart, and now Crude has given a breakdown in the Ascending Channel pattern and price moving downside and we can see more downside towards 4350-4200 levels in coming days with the help of 4800-4850 resistance level on the chart pattern.  

Crude Oil if break the 5200 levels and sustain above this we can see again more trading between the recent level and major breakdown will be below 4200 levels. 

Copper-

Copper daily chart trading in the Rectangle Pattern and now price taking support at the lower line from support zone and now price moving upside, now if Copper break the 702-704 level and sustain above this we can see some major breakout towards the 740-760 levels, copper have support near 680 support level. 

Currency Charts

USDINR-

USDINR pair trading between the Rectangle pattern and currently pair moving slowly and now price is trading near the middle line and now if pair break the 75.000 level and sustain above this we can see movement towards the 75.500 level which is next resistance level, and now if USDINR breaks the level and sustain above rectangle pattern we can see some movement towards 76.500-77.500 as per the chart. 

Major fall will be below the 73.800 level and if pair sustain below this we can see some major downside towards the support line and if Rectangle pattern and sustain below this we can see some major downside on the chart. 

EURINR-

EURINR pair price is falling inside the rectangle pattern and still movement looking bearish here and now the price may move towards the 85.800 levels as per the chart and now pair if break the support 85.800 level and sustain below this we can see some major downside on the chart and if Pair-able to break 88.500 level and sustain above this we can see some movement towards 90.9900 level which is the resistance of Rectangle pattern. 

GBPINR-

GBPINR moving downside with some strong candlesticks in rectangle and now the price is trading near the Rectangle support level and now if the price sustains below 101.000 level we can see some major downside according to chart pattern, and now if GBPINR is not able to sustain below 101 level and able to gain these levels we can see some major movement towards the 103/104 level as per 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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