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Chart Source- Tradingview.com
Nifty daily chart moving upside after the pole and flag pattern, and now price chart formed the dark Cloud, and now price may move towards the 17400/17450 levels according to chart pattern, now if Nifty Daily chart breaks the resistance level we can see some major breakout level according to chart and price may move towards the 18200-18500 levels.
Nifty daily chart if break the 17400 levels and sustain below this we can see some more consolidation between the price, and we can see some downside.
Nifty Bank daily chart has given breakout in Curve pattern, but recent candlestick is formed the normal candlestick, and now if price breaks the 38200 levels and sustain above this we can see some major upside towards the 40000/41000 levels in coming days, the index has support near the 37000/37400 levels.
Nifty Bank daily chart if fail to move upside, and break 37500 levels again we can see some possible consolidation between the 36000 to 37500 levels and big movement only after that price movement.
Nifty Midcap 50-
Nifty Midcap 50 Daily chart perfectly moved according to the Rectangle pattern, 7800 to 8245 level, now price formed the bearish engulfing pattern. We have seen some indecisive movement according to chart pattern, and now if Price breaks the 8250 levels and sustain above this we can see some movement towards the upside, and now if the Nifty Midcap daily chart if break the 8000 levels and sustain below this we can see some downside towards the 7800 levels.
Nifty Midcap daily chart if breaks the 7800 levels and sustain below this we can see some more consolidation between the Rectangle Pattern.
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 34700 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 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 daily chart perfectly moves according to Rectangle Pattern and price moves 37000 to 40600 levels and price looking confusing here, but still the price is bullish here, now if price break the 41410 level and sustain above this we can see some major upside towards the 42500-43500 levels in coming days, with the help of 40400 support level.
Nifty FMCG daily charts strongly 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 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 daily chart trading between the rectangle pattern, same like Nifty Pharma and now price is trading near resistance level and now the index has formed bearish engulfing 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.