BlogChartBook143rd ChartBook

143rd 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 trading at Fresh high and this is again fresh breakout in the Pole and Flag pattern with strong price candlestick, now index may start moving towards the 17K/17.3K levels in coming days as per chart patterns, Nifty has support near the 16.4K/16.5K level according to chart. 

Nifty copying the Nifty IT chart and still the price is much below then the Nifty IT chart copying according to chart. 

Nifty Bank-

Nifty Bank Dailly chart trading between the Rectangle Pattern and still price consolidating in this range, and now if Nifty Bank able to break the 36K level and sustain above this level we can see some major upside according to chart pattern, and now Nifty Bank if not able to break the resistance level and break 35K level we can see some downside according to chart and 34K level will decide the future and now if Nifty Bank able to sustain below this level we can see major downside according to chart pattern. 

Nifty Midcap 50-

Nifty Midcap 50 Daily chart trading at Rectangle’s support line and now index bounce from the support level and now index moving slowly slowly upside, and now if index break the 7400 level and sustain above this we can see some major breakout towards the 7600-7700 levels and now if Nifty Midcap if break the 7150 level and sustain below this we can see some major breakdown in price according to chart. 

Nifty IT-

Nifty IT daily chart moving upside after the Rectangle Pattern and price moved 26K to 34.3K level according to chart pattern till now, and still, the price is looking bullish here and price may move towards the 38-40K levels in coming days,Index has strong support the near 33K. 

Nifty Metal-

Nifty Metal Daily chart trading between the rectangle pattern, and currently index again trading at the resistance level and now if Metal index not able to close above the 5,550 level and sustain above this we can see some major breakout in this pattern. Nifty metal if not able to break that resistance and trading between the Rectangle range between the 5500 to 4800 levels, and now if Index breaks the 4800 levels and sustain below this level we can see some major breakdown on the chart pattern. 

Nifty FMCG-

Nifty FMCG daily chart moving upside after the breakout level according to chart pattern, and still price moving towards the 40K-42K levels in coming days as per chart, Nifty FMCG has support near the 38K level according to chart pattern. 

Nifty Auto-

Nifty Auto daily chart trading between the Rectangle pattern and still price moving slowly downside with candlestick pattern, but price taking some support near the 9700 levels and we can see some bounce from here, and now if Nifty Auto is able to break the 10000 levels and sustain above this we can see some possible breakout according to chart, and now if Nifty Auto break the 9400 levels and sustain below this we can see some major downside according to chart pattern. 

Nifty Pharma-

Nifty Pharma daily chart trading in the Rectangle Pattern and this pattern formation is near the all-time high of the index. Now Index trading at lower support line in Rectangle pattern and now we can see some possible bounce from here and we can see some upside and trade between the 13600 to 14600 levels, and If index break the 14750 levels and sustain above this we can see some major movement towards the upside and if Nifty Pharma is not able to bounce from here and break the level 13500 level and sustain below this we can see some reversal on the chart. 

Breakout Charts

Acc (ACC)-

This week all cement stocks looking good on the chart and major cement stocks took to support and formed the strong reversal candlestick pattern at support and now stock took support at the lower line, and now stock formed the strong bullish candlestick and this is an indication of reversal and price may move towards 2450-2550 levels and coming days with the help of 2250 support level on the chart. 

ACC daily chart has strong support near the 2250 level and this is also gap support for the candlestick, and now if ACC breaks this support and sustain below we can see some weakness in the chart. 

Voltas Ltd (VOLTAS)-

Voltas Daily chart trading in Rectangle Pattern and now stock took support at lower line and price bounce with Bullish Engulfing pattern, and volume also confirming the Candlestick pattern. Now Price may move towards the 1050-1100 level in the coming days, the stock has strong support near the 925/950 level and this will play role in price movement. 

Voltas trading in Rectangle support level, and currently showing some reversal indications, If the stock is not able to bounce upside and break the 925 level and sustain below this we can see some major breakdown on the chart pattern.

Torrent Power Ltd (TORNTPOWER)-

Torrent Power Daily chart has given breakout in Descending Triangle Pattern with strong volume and price movement, now the stock price may move towards 510-530 level in coming days, the stock has strong support near 465 level. 

Stock moving upside and price pattern all supporting the upside, but if anyhow stock able to break 440 level and sustain below this stock will show us some strong bearish movement. 

Ultratech Cement Ltd (Ultracemco)-

So Finally we have again fresh Cement stock in ChartBook, Ultracemco daily chart trading in Ascending Channel pattern, and formed bullish candlestick pattern with strong volume and price may move towards 8000-9000 level in coming days with the help of 7250 support level. 

Ultracemco Price trading in Ascending Channel and currently at support, so if stock break the 7200 levels and sustain below this we can see some fresh breakout in pattern and we can see some major movement downside. 

Strides Pharma Science (STAR)-

Star Trading at the support level and currently formed some patterns like a star and this is indicating reversal from support with strong volume, and now if stock break the 610 level and sustain above this we can see some major movement towards 680-720 levels as per chart with the help of 560/570 level on the chart. 

Star Daily chart showing expected bounce from support and now if stock break the 560 level and sustain below this we can see some major downside in the chart pattern. 

SRF ltd (SRF)-

SRF 4H chart in rectangle pattern and this is more like the Pole and Flag pattern and now stock moving upside with strong volume in last two candlesticks, and now the price may move towards the 9650-9750 levels according to chart with the help of 9000 support level. 

SRF daily chart if break the 9000 levels and sustain below this we can see some major breakout in the chart with the help of 9150-9200 resistance level. 

Breakdown Charts

Indusind Bank Ltd (INDUSINDBK)-

Indusindbk daily chart trading in the Rectangle Pattern  and now stock moving downside as per chart and still stock trading above breakdown level, once if stock break the 965 level and sustain below this we can see some major downside towards the 940/900 levels in coming days with the help of 1000 resistance level as per chart pattern. 
If stock not able to break the rectangle pattern we can see more consolidation between the 1060 to 960 levels. 

Canara Bank Ltd (CANBK)-

Canara Bank daily chart trading at Diagonal resistance level and now stock consolidating between the 155-157 levels and now if stock able to break 147 level and sustain below this we can see some major downside towards the 140-130 levels, the stock has resistance near the 155-158 level. 

Stock if not able to move downside and break the 155 level and sustain above this we can see some major upside in the chart pattern. 

Multi Commodity Exchange (MCX)-

MCX daily chart trading at the strong support level and now stock trying to bounce from support and now if stock able to break 1480 level and sustain below this we can see some major downside towards 1300-1200 levels with the help of 1510 resistance level. 

MCX if not able to break the support level we can see some more consolidation and bounce towards the upside. 

Charts to Watch

BPL Ltd (BPL)-

BPL Daily chart trading near support level which is created by the recent resistance level,m and stock bouncing with strong bounce and price also supporting the bounce and now we can see some possible movement towards the 44.00 level and now if stock break the 44.0 level and sustain above this we can see some major movement towards 57.00-65.00 levels in coming days. 

BPL daily chart trading at the major upside and if stock not able to sustain that level we can see movement. 

Cash Charts

Timken India Ltd (TIMKEN)-

Timken’s daily chart has given a breakout in Ascending Triangle pattern with strong volume and stock may move towards the 1900-2100 levels in the coming days, with the help of the 1550-1500 level. 

Timken’s daily chart if breaks the 1500 level and sustain below this we can see some major downside towards the 1400-1300 level. 

Paisalo Digital Ltd (PAISALO)-

Paisalo Digital daily chart trading at the strong support level and now price bounce with strong bounce, and now if stock able to break the 640 level and sustain abvoe this we can see some major movement towards 690/840 levels with the help of 570 support level. 

Paisalo daily chart if not able to the moved upside and break the 560 level we can see some major downside on the chart pattern. 

Prince Pipes Fittings Ltd (PRINCEPIPE)-

Prince Pipes daily chart trading at Diagonal Support level and stock bounce with strong volume, and now if stock break 680.00 level and sustain above this we can see some major movement towards 760/800 levels with the help of 600-620 support level. 
Prince Pipe daily chart if break the 600 level and sustain below this level we can see some major breakdown on the chart. 

Gss Infotech Ltd (GSS}-

GSS daily chart trading at Ascending Channel pattern and now price is bounce from support and moving upside, we can see some major upside towards the 90.00-110 levels in coming days, with the help of 60-55 support level. 

GSS daily chart if break the 60.00 level and sustain below this we can see some major downside on the chart pattern. 

Gujarat Mineral (GMDCLTD}-

GMDC daily chart trading in Ascending Channel and now stock took strong support at 60 levels and now price may move towards the 83-90 level in coming days, with the help of 64.00-60.0 support level. 
GMDC daily chart if break the 60.00 level and sustain below this we can see some major downside on the chart pattern. 

Arman Financial Service Ltd (ARMANFIN}-

Armanfin daily chart trading in a cup and handle pattern and price took support with strong volume, and now if stock break the 770.00 level and sustain above this we can see some major breakout and stock may move towards 900.00-1050.00 with the help of 650.00 support level. 

Armanfin daily chart if break the 650.00 level and sustain below this we can see some major downside on the chart pattern. 

Commodity Charts

Copper (COPPER)-

Copper daily chart trading in Rectangle Pattern and now copper moving upside according to chart and now trading at 719 level and now price may move towards 760-800 levels with the help of 680-700 support level on the chart. 

Copper daily chart if failed to move upside and break the 680 level again we can see more consolidation here in range. 

Crude Oil (CRUDEOIL)

Crude Oil daily chart trading below the Ascending Channel Pattern and now stock took resistance in pattern, and price formed the Doji patterns at resistance, and now Crude may move towards the 4400-4000 level in coming days, with the help of 5200-5250 resistance level in the chart. 

Crude Oil daily chat if break the 5250 levels again and sustain above this we can see more trading between the Crudeoil. 

Silver-

Silver daily chart trading in Rectangle Pattern and now a commodity took support at the lower line, and now if stock break 64000 level and now price may move towards 66000-68000 levels with the help of 62000-61000 level. 

Silver Daily chart if not able to break resistance level we can see more consolidation here between the 64K to 58K levels. 

Gold-

Gold daily chart trading in Symmetrical Triangle pattern, and now price trading near breakout level, if stock break 48151 level and sustain above this we can see some major upside towards the 50000-52000 levels with the help of 47000.00 support level. 

Symmetrical Triangle pattern if break the 46000 levels and sustain below this we can see some major downside towards 44000-43000 levels. 

Zinc-

ZINC daily chart trading in Ascending Support level and now if price breaks the 240 level and sustain below this we can see some major downside towards 220-200 levels with the help of 255 resistance level on the chart. 

Zinc daily chart if break the 255 level and sustain above this we can see some major upside towards 265-270 levels. 

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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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