BlogChartBook145th ChartBook

145th 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 with small candlestick patterns, and now price is trading between the Rectangle Pattern and now price showing some indecisive candlestick patterns here. if Price breaks the 17500 levels and sustains above this we can see some major upside according to the chart with the help of 17200 support and 17300 levels. 

The nifty daily chart is indecisive here and price consolidating here, now if Nifty Break the 17200 levels and sustain below this we can see some major downside towards the 16800-16600 levels according to the chart. 

Nifty Bank-

Nifty Bank Dailly chart trading in a consolidation range and still price’s direction is not clear here. We can see more consolidation here between the 36300 to 37100 levels and now if the index breaks the 37100 levels we can see a little bit of upside towards 37500 levels, and now if the index breaks the 37500 levels and sustain above this we can see some major upside towards 38500-39000 levels according to chart. 

Nifty Bank daily chart has strong consolidation in lower sides in the chart between the 34500 to 37500 levels and we need to batch these charts in coming days. 

Nifty Midcap 50-

Nifty Midcap 50 Daily chart trading between the Rectangle Pattern and price bounces from the support level and price gain 7200 to 7800 levels and now Nifty midcap break the resistance level and now price may move towards 8500-9000 levels in coming days, with the help of 7700 support level on the chart.  

Nifty Midcap 50 daily chart trading with some indecisive candlestick patterns, and now if the index breaks the 7600 levels and sustains below this we can see some major downside on the chart. 

Nifty IT-

Nifty IT daily chart is a perfect example of a rectangle pattern and now price moves 27000 levels to 35000 levels and still price looking strong here, and Nifty IT may move towards the 37000-39000 levels in coming days, the index has support near the  32000 levels and price still moving uptrend according to chart. 

Nifty IT if break the 33500 levels and sustain below this we can see some major downside move and if index able to gain and sustain abvoe 35000 levels we can see major upside move. 

Nifty Metal-

Nifty Metal Daily Chart perfectly able to bounce from rectangle pattern, and now price break the resistance level and now again price moving towards the new high and now if index able to break the 5950 levels and sustain above this we can see movement towards the 6500/7000 levels in coming days, the index has major support near 5400 levels. 

Nifty Metal Daily chart if break the 5400 level and sustain below this we can see some major downside according to chart and we can see more consolidation between the 5450 to 4800 levels. 

Nifty FMCG-

Nifty FMCG daily chart perfectly moves according to Rectangle Pattern and price moves 37000 to 40600 levels and price is strongly looking strong here, and price may move towards the 43000-45000 levels in coming days, and the index has support near the 39000-38000 level. 

Nifty FMCG daily charts are too strong here, and if stock anyhow to reverse and break the 38000 levels and sustain below this we can see some downside towards our rectangle pattern between the 35500 to 36500 levels. 

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 10400 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 between the rectangle pattern, same like Nifty Pharma and now price is trading near resistance level and now index has formed doji pattern, and now if index break the 13700 levels and sustain below this we can see downside towards the support level, and now if Pharma breaks the 14800 levels and sustain above this we can see some major upside towards 15200-15600 levels in coming days. 

Nifty Media-

Nifty Media daily chart trading in Diagonal Support level and now price trading with some support and consolidation, now price moving upside with strong upside and bullish marubozu pattern, now index may move towards the 1800-1900 levels in coming days, with the help of 1530-1550 support level on the chart pattern. 

Nifty Media daily chart trading in Diagonal support level and now if index break the 1530 level and sustain below this we can see some major downside on the chart. 

Nifty Energy-

Nifty Energy daily chart has given breakout in the Curve Pattern and now index may move towards the 21600-22000 levels in coming days with the help of 20800 support levels on the chart pattern. 

Energy chart if now able to hold upper levels and break 20400 levels and sustain below this we can see some consolidation here and some downside according to chart pattern. 

Breakout Charts

Ashok Leyland Ltd (ASHOKLEY)-

Ashok Leyland daily chart trading in the Rectangle Pattern and now price trading near middle line, and now price bounce and break this line with strong volume, but the price is a little bit confusing. Ashokley if able to sustain 125 tomorrow and sustain here we can see some major upside towards the 133/136 levels in the coming days. If  Ashokley is able to sustain here and if break 140 level and sustain above this we can see some major upside towards 150/160 levels according to the chart pattern. 

Ashokley daily chart if able to break the 119 level and sustain below this we can see some major breakdown on the chart. 

Ramco Cement Ltd (RAMCOCEM)-

Ramco Cement daily chart trading in the Ascending Channel pattern and now stock formed the bullish Marubozu pattern and now, if stock break the 1065 level and sustain above this we can see some major upside towards the 1120-1160 levels according to chart. 

Ramco Cement daily chart trading in Ascending Channel pattern and currently near the resistance level, if stock break 1020 level and sustain below this we can see some downside on chart pattern according to chart. 

Marico Ltd (MARICO)-

Marico daily chart has given breakout in the Pole and Flag pattern and now price confirm by the strong candlestick with marubozu pattern, and now stock may move towards the 600-630 levels in coming days with the help of 550 support level on the chart.  

Marico daily chart if break the 550 level and sustain below this we can see more consolidation between the 550 to 500 levels according to chart pattern. 

Manappuram Finance Ltd (MANAPPURAM)-

Manappuram daily chart trading near diagonal support level and stock consolidated between the 155 to 170 level and now if stock able to sustain above 170 level we can see some major upside towards the 180-195 levels in coming days, with the help of 160 support level. 

Manappuram daily chart if break the 155 level and sustain below this we can see some major downside according to chart pattern. 

PVR Ltd (PVR)-

PVR daily chart trading in consolidation, but finally now price moving upside with strong candlestick pattern, but volume is missing from the chart. If PVR is able to break the 1400 level and sustain above this we can see some major upside towards the 1480-1590 levels in the coming days with the help of the 1344 support level on the chart. 

PVR daily chart if break the 1320 level and sustain below this we can see some major downside according to chart pattern. 

Syngene International Limited (SYNGENE)-

Syngene International Daily chart trading in consolidation range between the 650 to 600 level and now finally price moving upside with bullish marubozu pattern and now if stock break the 650 level and sustain above this we can see some major upside towards the 680 to 700 levels in coming days with the help of 620 support level. 

Syngene daily chart if break the 600 level and sustain below this we can see some major downside towards the 570 to 540 levels in coming days with the help of 640 resistance level. 

Breakdown Charts

Indiabulls Housing Finance Ltd (IBULHSGFIN)-

Ibulhsgfin Daily chart moving downside and now price trading near support level with some Doji pattern, and now if stock break the 220 level and sustain below this we can see some major downside towards 200 to 180 levels in coming days with the help of 235 resistance level on the chart. 

Ibulhsgfin daily consolidating near support and now if stock break the 238 level and sustain above this we can see some major upside according to chart pattern. 

Gujarat Gas Ltd (GUJGAS)-

Gujarat Gas daily chart moving downside according to Curve pattern and now stock slowly moving downside, now stock may move towards the 650 to 640 levels in coming days, with the help of 700 resistance level according to chart pattern. 

Gujarat Gas daily chart if break the 725 level and sustain above this breakout level we can see some major upside according to chart pattern. 

Cholamandalam Investment (CHOLAFIN)-

Cholafin daily chart trading in the Rectangle Pattern and now stock trading near resistance level with strong candlesticks and now if stock break the 550 level and sustain below this we can see some major downside towards the 525 to 480 levels in coming days with the help of 575 resistance level. 

Cholafin daily chart if breaks the 585 level and sustain above this we can see some major upside towards the 630-650 levels and the stock has support near the 560 level. 

 Interglobe Aviation Ltd (INDIGO)-

Indigo daily chart trading in an uptrend, but last few days were indecisive movement, and now if stock break 1900 level and sustain below this we can see some major downside towards the 1800 levels in coming days with the help of 1950 resistance level.

Indigo daily chart if break 1950 level and sustain above this we can see some major upside according to chart pattern, with the help of 1900 support level.  

Charts to Watch

Nestle India Ltd (NESTLEIND)-

Nestle India daily chart perfectly moving according to the Rectangle Pattern and now price formed the bullish candlestick patterns, and now the price may move towards the 21500-23000 levels in coming days with the help of 19800 levels according to chart pattern. 

Nestle India daily chart if break the 19500-19000 level and sustain below these levels we can see some downside according to chart pattern. 

Pidilite Industry Ltd (PIDILITIND)-

Pidilite Industry daily chart trading near the resistance level, and now if price breaks the 2370 level and sustain above this we can see some major upside towards the 2450-2600 levels post-breakout with the help of 2300 support level on the chart.  

Pidilite Industry daily chart if break 2280 level and sustain below this we can see some major downside according to chart pattern with the help of 2380 resistance level on the chart. 

Steel Authority of India Limited (SAIL)-

Sail daily chart trading in the Rectangle Pattern and now price if break the 125 level and sustain above this we can see a reversal in pattern, and now price may move towards the 135 to 145 levels in coming days, with the help of 115 support level on the chart. 

Sail daily chart if break the 115 level and sustain below this we can see some major downside according to chart pattern. 

Lemon Tree Hotels (LEMONTREE)-

Lemon Tree daily chart trading near Diagonal resistance level and price formed the inverted head and shoulder pattern, now if Lemon Tree breaks the 40 levels and sustain above this we can see some major upside towards the 60.00-80.00 levels in coming days, with the help of 35-33 support level. 

Lemon Tree daily chart if break the 35 levels and sustain below this we can see more consolidation. 

Manaksia Aluminium Ltd (MANAKALUCO)-

Manakaluco’s daily chart moved 10 to 23 levels according to our last chart and this time stock breakout is in descending channel pattern with strong price with strong volume and price. Now Stock can move towards the 26.00-30.00 levels in the coming days with the help of the 16.00 support level on the chart. 

Manak Aluminium daily chart if break the 16.00 level and sustain below this we can see some major downside according to chart pattern. 

TTK Prestige Ltd (TTKPRESTIGE)-

TTK Prestige daily chart trading in the Rectangle Pattern and now if stock break the 9450 levels and sustain above this we can see some major upside movement towards the 12000-14000 levels with the help of 8400 levels on the chart. 

TTK Prestige daily chart if break the 8400 levels and sustain below this we can see some fall in price and movement will be not strong as currently price movement is. 

Cash Charts

Future Consumer Ltd (FCONSUMER)-

Fconsumer daily chart trading in Rectangle pattern and now price finally bounces from multiple support with strong volume and now stock can move towards the 11.00-12.00 levels which are resistance level for the Rectangle Pattern. If Fconsumer is able to break 12.00 level also and sustain above this we can see some major upside towards the 16-18 levels post the rectangle breakout. 

FConsumer trading at important levels, if stock able to break 5.75 level we can see major and too strong downside on chart. 

Shemaroo Entertainment Ltd (SHEMAROO)-

Shemaroo Entertainment daily chart bounce from support with strong volume and price, and now if the price is able to sustain above 140 level with volume, now stock may move towards the 180 to 240 levels in coming days with the help of 100 support level on the chart. 

Shemaroo daily chart if break the 100 level and sustain below this we can see some major downside on the chart according to chart.  

Lokesh Machines Ltd (LOKESHMACH)-

Lokesh Machine daily chart trading in the Cup and Handle pattern and now if stock break the 52 level and sustain abvoe this we can see some major upside towards the 70/90/110 levels in coming days with the help of 40.00 support on the chart. 

Lockeshmach daily chart if break the 40 levels and sustain below this we can see some more and strong downside on the chart. 

Speciality Restaurants (SPECIALITY)-

Speciality daily chart trading in the curve pattern and now if stock break the 80 levels and sustain above this with volume, we can see major upside towards the 120-140 levels in coming days post-breakout with the help of 60 support on the chart. 

Speciality daily chart if break the 60 levels and sustain below this we can see some major downside on the chart pattern. 

Kamat Hotels (KAMATHOTEL)-

Kamat Hotels daily chart trading the Roudning Bottom pattern, and now if price brak the 54/53 level and sustain abvoe this with strong volume, we can see some major upside towards the 80.00-110.00 levels in coming days with the help of 40.00 support level. 

Kamat Hotel daily chart if break the 40.00 level and sustain below this we can see some major downside on the chart. 

Gayatri Projects (GAYAPROJ)-

Gayatri Projects daily chart has given breakout in the Cup and Handle pattern with strong volume, now price may move towards the 70 to 90 levels in coming days with the help of 35 support level on the chart pattern. 

Gayatri Project daily chart if break the 30 levels and sustain below this we can see some major downside towards the 20.00-10.00 levels. 

Commodities

Crude Oil (CRUDEOIL)-

Crudeoil daily chart perfectly not reverse from resistance level and now price consolidating between the 5200 to 4800 levels, and now if price breaks the 5200 levels and sustain above 5200 levels we can see some major upside. 

Crudeoil daily chart if break 4800 level and sustain below this we can see some major downside on a chart and now if Crudeoil able to break 5200 levels and sustain above this we can see some major upside on the chart. 

Natural Gas (NaturalGas)-

Natural Gas daily chart has given breakout in Curve Pattern and now price moving upside, and now NG can move towards the 400-420 levels in coming days according to chart with the help of 360 support level. 

Natural Gas daily chart daily if break the 350 level and sustain below this we can see more consolidation between the prices.  

Copper (COPPER)-

Copper daily chart trading in the Rectangle Pattern and now price bounce from support with bullish marubozu pattern, and now copper may move towards the 780-820 levels in coming days with the help of 710.00 support level on the chart. 

Copper daily chart if break the 680 level and sustain below this we can see some major downside on chart.

Nickel (NICKEL)-

Nickel daily chart trading in the Ascending Channel pattern and now price formed the shooting star here, and now if nickel able to break the 1525 level and sustain below this we can see some major downside and if Nickel able to break 1555 level and sustain above this we can see some major breakout on chart pattern according to chart. 

Gold (GOLD)-

Gold daily chart consolidating in the Descending Triangle pattern and now gold will trade more between the range, now if Gold break the 48000 levels and sustain above this we cans ee some major upside towards the 51000-53000 levels according to chart and if Gold break the 45500 levels and sustain below this we can see some major downside on the chart according to price pattern. 

Silver (SILVER)-

Silver daily chart trading between the Rectangle Pattern and now price consolidating near the support and now if Silver able to break 65K and sustain here we can see major upside towards the 68000-72000 levels post-breakout with the help of 62000 support level. 

Silver daily chart if break the 61000 levels and sustain below this we can see some major downside according to chart. 

Currencies

EURO-INR (EUROINR)-

Euroinr daily chart trading between the Rectangle Pattern and now price is slowly moving towards the 85.500 support level according to chart and if pair not able to break this level we can see some bounce here. If Euroinr daily chart breaks the 88.000 level and sustains above this we can see some major upside in chart pattern according to chart. 

USD-INR (USDINR)-

USDINR daily chart trading between the Rectangle Pattern and now price trading near the middle line, and now if USDINR daily chart breaks the 74 levels and sustain above this we can see major upside towards the 75.500 levels as per chart pattern. 

USDINR daily chart if break the 72 levels and sustain below that level we can see some major downside according to chart pattern. 

JPY-INR (JPYINR)-

JPYINR daily chart trading near the major support level and now price trading near the 0.65500 level and now we can see some bounce from this level and if JPYINR daily chart if break the 0.65500 level and sustain below this 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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