BlogChartBook147th ChartBook

147th 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 all-time high and now price formed the small candlestick here and now if index able to sustain above 18000 levels we can see some major upside on the chart pattern, and we can simply compare Nifty with Nifty IT. Currently Nifty not looking weak and still bulls looking strong here. 

If Nifty is not able to show upside and break the 17500 levels we can see some more consolidation between the recent small rectangle zone. 

Nifty Bank-

Nifty Bank trading near all-time high but index not much strong here and we have seen small candlestick here same like last week Friday, and now if Nifty Bank is able to break the 38150 levels and sustain above this we can see some major upside on the chart, and now Nifty Bank able to break 37500 levels and sustain below this we can see some breakdown on the chart pattern. 

Nifty Bank Major Breakdown will be below 36500 levels and sustain below this we can see some major downside on the chart. 

Nifty Midcap 50-

Nifty Midcap 50 daily chart moving according to the Rectangle Pattern and price last time moved downside after last week Bearish Engulfing pattern and this Friday again Nifty Midcap formed the same pattern like last week chart and now if Midcap daily chart break 8160-8150 level and sustain below this we can see some major downside towards the 8000-7900 level on the chart. 

Nifty Midcap if not able to move downside and if price makes fresh high again and sustain abvoe 8333 levels we can see some more upside towards the 8555-8666 levels. 

Nifty IT-

Nifty IT daily chart is a perfect example of a rectangle pattern and now price moves 27000 levels to 37800 levels and still price looking strong here, and Nifty IT may move towards the 40000-42000 levels in coming days, the index has support near the  35000 levels and price still moving uptrend according to chart. 

Nifty IT also formed the Gravestone Doji here and now if the price break the 36000 levels and sustains below this we can see some major downside on the chart according to the chart towards the 34000-33500 levels on the chart. 

Nifty Metal-

Nifty Metal now expends the rectangle range 5500-5000 level to 5900-5200 levels, and now price moving downside according to chart pattern and price formed the bearish engulfing near the small resistance level, if price breaks the 5400 levels we can see movement towards the 5000 level which is C point according to chart pattern. 

Nifty Metal daily chart if break the 5900 levels and sustain above this we can see some major breakout on chart pattern according to chart. 

Nifty FMCG-

Nifty FMCG daily chart moving upside according to chart, and now Price showing some bearish movement at fresh high and we have seen 3 back to back bearish marubozu patterns, now if Nifty FMCG daily chart break the 40000 level and sustain below this we can see some major downside movement on a chart and if Nifty FMCG daily chart not moved downside and if Nifty FMCG daily chart break 42000 level and sustain above this we can see some major breakout towards the 44000-46000 levels according to chart. 

Nifty Auto-

Nifty Auto daily chart trading between the rectangle Pattern and now if stock break 10420 level we will fresh breakout inside the inverted head and shoulder pattern, and price may move towards the 10600-11000 levels according to chart with the help of 10200 support level on the chart.

Nifty daily Chart if break the 10000 levels and sustain below this we can see some major downside on chart and price may move towards the recent support level on Rectangle pattern. 

Nifty Realty-

Nifty Realty daily chart perfectly moving according to rounding bottom pattern and currently, the price moved 400 to 501 level and still price looking much strong here and index may move towards the 600-800 levels in coming days, the stock has major support near the 380-400 support level on the chart. 

Realty Index daily chart if breaks the 400 level and sustain below this we can see some more consolidation between the 400 to 250 range. 

Nifty Media-

Nifty Media daily chart has given fresh breakout in curve pattern and now price moving strongly upside and now price may move towards the 2550-3000 levels in coming weeks according to chart which is next resistance level, if Price breaks the 1900 level and sustain below this we can see consolidation below this level only. 

Breakout Charts

Mahindra and Mahindra Ltd (M&M)-

Mahindra and Mahindra daily chart trading between the Descending Triangle Pattern, and now price strongly took support near 720-740 zone and now price bouncing with strong price and volume, now if price able to sustain above 780 level and sustain above this we can see some major upside towards 820/840 levels in coming days, with the help of 740 support level. 

Mahindra and Mahindra daily chart if break the 720 level and sustain below this we can see some major downside below these levels. 

Eicher Motors Ltd (EICHERMOT)-

Eicher Motors daily chart bounce from the support level and now price break the Double Bottom level and now if the price break the 3000 levels and sustain above this we can see some major upside towards 3300 levels in coming days, with the help of 2850 support near on chart. 

Eicher Motors daily chart if break the 2800 level and sustain below this we can see some downside on the chart and major downside only below 2600 level. 

Tata Chemicals Ltd (TATACHEM)-

Tata Chemicals daily chart break the rectangle pattern, with strong volume and price, now if price again able to break the 900 level and sustain above this price may move towards the 950-1000 levels, in coming days, with the help of 860 support level on chart pattern. 

Daily chart if break the 880 level and sustain below this we can see more consolidation between our rectangle pattern. 

HDFC Bank Ltd (HDFCBANK)-

HDFC Bank daily chart trading between the Rectangle Pattern, and now price moving upside with strong volume, and now if stock price break the 1640 level and sustain above this we can see some major upside towards the 1690-1740 levels post-breakout with the help of 1600 support level on the chart. 

HDFC Bank daily chart if not able to the moved upside and now if the price break the 1530 level we can see some more consolidation between the Hdfc Bank. 

Breakdown Charts

Bank of Baroda (BANKBARODA)-

Bank of Baroda daily chart trading between the Ascending triangle pattern and now if stock break the 76 levels and sustain below this we can see some major downside towards the 71-64 level. 

If Bank Baroda is not able to break this support level and trade between the 88 to 76 levels we can see more consolidation between our triangle pattern. 

Adani Ports Ltd (ADANIPORTS)-

Adani Ports daily chart trading between the Rectangle Pattern and now stock facing resistance near middle line, and consolidated here between the 780 to 740 level, now if stock break the 735 level and sustain below this we can see some major fall towards the 680 to 640 levels in coming days, with the help of 760/770 resistance level. 

If Adani Ports’ daily chart breaks the 760 level and sustains above this we can see some major upside towards the 840-880 levels post breakout. 

Tata Steel Ltd (TATASTEEL)-

Tata Steel daily chart moving according to breakdown in rectangle pattern and now price retest the breakdown level and reverse from this level with volume, if stock break the 1250 level we will see the confirmation for downside and after this price may fall up to 1150-1100 levels according to chart pattern with the help of 1300 resistance level. 

Tata Steel if again able to regain 1360 level and sustain above this we can see more consolidation between this rectangle range. 

Apollo Hospitals Ltd (APOLLOHOSP)-

Apollo Hospitals daily chart tried to break the Pole and Flag pattern and now price formed the bearish engulfing pattern with strong volume, and now if the price break the 4700 levels and sustain below this we can see some major downside towards the 4300-4000 levels in coming days, with the help of 4800 resistance level on the chart. 

Apollo Hospitals daily chart if break the 5100 levels and sustain above this we can see some major breakout on chart. 

Charts to Watch

Rashtriya Chemical and Fertiliser (RCF)-

RCF daily chart finally formed the strong candlestick and volume here, now if stock able to break 85 levels and sustain above this we can see some major breakout on the chart, and price may move towards the 95 to 110 levels in coming days with the help of 75-70 support level on the chart pattern. 

RCF daily chart if break the 70 levels and sustain below this we can see some major downside on the chart pattern. 

National Fertilizer Limited (NFL)-

NFL daily chart trading in possible the Curve Pattern and now price bouncing from support zone which is created by recent resistance zone, now price bouncing from support with strong volume. Now NFL daily chart may move towards the 72 to 84 levels in the coming days with the help of the 52.00 support level on the chart. 

NFL daily chart if break the 48 levels and sustain below this we can see some major fall on price. 

Ramco Cement Ltd (RAMCOCEM)-

Ramco Cement daily chart trading inside the Ascending Channel pattern and now price formed some indecisive candlestick patterns here, and now if stock break the 985-1000 level and sustain above this we can see some major breakout towards the 1040-1080 levels and if Ramcocem daily chart if break the 950 level and sustain below this we can see some major fall on price. 

DLF Ltd (DLF)-

DLF daily chart already moved 250 to 410 level according to the rounding Bottom pattern and now price is still looking strong here, and now price may move towards the 500 to 570 levels in coming days, with the help of the 320 support level on chart. 

Kewal Kiran Clothing Ltd (KKCL)-

KKCL daily chart consolidating near support level and now price formed some strong consolidation between this range, now if KKCL breaks the 950 level and sustain above this we can see some major breakout towards the 1200 to 1400 levels in coming days, and now if KKCL is not able to break 950 level we can see some consolidation between the 950 to 650 range. 

KKCL daily chart if not able to break 600 level and sustain below this we can see some strong and major downside on chart.

ICRA Ltd (ICRA)-

ICRA daily chart breaks the Descending Channel pattern and now price moving upside according to chart and now if stock break the 3800 levels and sustain above this we can see some major breakout towards the 4500-4998 levels in coming days with the help of 3450 support level on chart. 

Cash Charts

Marathon Nextgen (MARATHON)-

Marathon Nextgen daily chart trading at a fresh breakout in rounding bottom pattern and now if stock break the 105/106 level and sustain above this we can see some major movement towards the 140-180-220 levels in coming days with the help of 80.00 support level on the chart. 

Marathon if not able to sustain here we can see some consolidation between the 105 to 80 level. 

Indian Hotels Ltd (INDHOTELS)-

Indian Hotels daily chart already moved 140 to 186 level and now price trading at a fresh all-time high with strong price and strong volume, now stock may move towards the 220-240 level in coming days with the help of 160 support level on the chart. 

Indian Hotels daily chart if break the 160 level and sustain below this we cans ee some fall in price. 

Madras Fertilizers (MADRASFERT)-

Madrasfert daily chart rising hereafter consolidation and price also supporting the movement, now if the stock break the 36 levels and sustain above this we can see some major breakout in a cup and handle pattern. If stock is able to sutain above breakout we can see some major movement towards the 42-48 levels in the coming days. 

Madrasfert daily chart if not able break resistance we can see consolidation here, and if price break the 26 levels and sustain below this we can see some major fall. 

Chalet Hotels Limited (CHALET)-

Chalet daily chart has given breakout in the ascending triangle pattern with strong volume and now the price may move towards the 260-320 levels according to the chart with the help of 180 support level on the chart. 

Chalet daily chart if fail to move upside and again fall below 200 level we can see some more consolidation between the 200 to 160 levels. 

Himatsingka Seide (HIMATSEIDE)-

Himatseide daily chart trading in the Curve pattern and now if stock break the pole and flag pattern, and if stock break the 275 level and sustain above this we can see some major breakout towards the 325-375 levels in coming days with the help of 225 support level on the chart.

Himatseide daily chart if break the 225 level and sustain below this we can see some major fall on price according to chart. 

Religare Enterprises (RELIGARE)-

Religare daily chart trading in the pole and flag pattern with strong volume and price, now stock may move towards the 220 to 260 levels in coming days with the help of 160 support level on chart. 

Religare if fail to move upside and break the 160 level we can see some consolidation between the 165 to 138 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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