BlogChartBook150th ChartBoook

150th ChartBoook

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 perfectly moving and copying the Nifty IT movement after rectangle breakout. Now price again moving upside with small bullish candlesticks, and now the price may move towards the 19K level in coming days and price movement as strong here and still no reversal sign on chart. 

Nifty, if able to break the 18000 level and sustain below this we can see some consolidation between the 17300 to 18000 levels in the chart. 

Nifty Bank-

Nifty Bank daily chart finally stock moving upside and now Nifty Bank has given breakout in fresh Ascending Triangle Pattern and now price may move towards the 42/44 levels in coming days with the help of 38500 support level on the chart. If Nifty daily chart if break the 38000 level and sustain below this we can see some downside in chart. 

Nifty IT-

Nifty IT daily chart moving upside and now finally Nifty IT trading in a small range with consolidation. Price trading near support level with consolidation and now if price breaks the 37K level and sustain above this we can see some major movement again with the help of 34500 level on the chart and now if Nifty IT daily chart if break the 34000 level and sustain below this we can see some possible downside on the chart. 

Nifty Metal-

Nifty Metal Daily Chart finally above rectangle pattern with strong price and price breakout not confirm and now if price breaks the 6100 level and sustain above this we can see some major breakout towards the 6400-7000 levels in coming days with the help of 5800 support level on chart. 

Nifty metal daily chart if not able to sustain above breakout and if Nifty Metal breaks the 5800 level and sustain below this we can see some more consolidation between the Rectangle pattern. 

Nifty FMCG-

Nifty FMCG finally perfectly bounce from support with a strong price and now the index finally trading near the resistance level, if the Nifty FMCG daily chart break the 42000 level and sustain above this we can see some major breakout towards the 45K-47K levels in coming days, and if Nifty FMCG daily charts if break the 40000 level and sustain below this we can see some major fall in the price. 

Nifty Auto-

Nifty Auto’s daily chart perfectly moved according to Rectangle Pattern and now price trading near the resistance level with Dark Cloud and now if Price break the 11500 level and we can see a pattern to retest the rectangle pattern. If the Nifty Auto daily chart breaks the 12000 level and sustains above this we can see some major upside towards the 14000/15000 levels in the coming days. 

Nifty Media-

Nifty Media daily chart perfectly moving according to Inverted Head and Shoulder pattern and now price strongly moving according to price gap and Nifty Media moving towards the 2600 level and if price break the 2600 level and sustain above this we can see some major breakout on the chart and if Nifty Media daily chart if break 2200 level we can see again bounce from retest level. 

Nifty Infra-

Nifty Infra daily chart perfectly moved according to rectangle pattern and still, the price is moving upside according to chart with small candlesticks. Now Nifty Infra’s daily chart if breaks the 5000 level we can see some fall in price and now if Nifty Infra is now able to break support we can see some major bounce in price. 

Breakout Charts

Adani Enterprises Ltd (ADANIENT)-

Adani Enterprises daily chart finally has given breakout in Rectangle Pattern with strong volume and price, now price may move towards the 1700-1800-1900 levels in coming days with the help of 1500-1550 support level on the chart.

Adani Enterprises daily chart if break the 1500 level and sustain below this we can see some move consolidation between the rectangle pattern.  

Adani Ports Special (ADANIPORTS)-

Adani Ports daily chart still trading between the rectangle pattern and now the price has given breakout in Cup and Handle pattern and now the price may move towards the 875 level in coming days with the help of 750-760 support level on the chart. 

If Adani Ports is able to sustain above the 875/880 level and sustain above this we can see some major bounce towards the 1000-1100 level in the coming days after breakout. 

Punjab National Bank (PNB)-

Punjab National Bank Weekly Chart formed cup and handle pattern and now if stock able to sustain above 42.5 level we can see some major upside towards the 52.50-57.5 levels in coming days with the help of 37.50 support level on chart. 

PNB daily chart if not able to break the resistance we can see some consolidation between the old range 32-42 levels. 

HDFC Bank (HDFCBANK)-

HDFC Bank daily chart has given breakout in rectangle pattern with strong volume and price, now the price is expected to move like Nifty and Nifty IT as per breakout. HDFC Bank 

Canara Bank (CANBK)-

Canbk daily chart has given breakout in the Descending Channel pattern and now if the price breaks the 168 level and sustains above this we can see some major upside towards the 184-190 levels in coming days with the help of 160 support level. 

Canbk daily chart if not able to move according to fresh breakout we can see more consolidation between the 144 to 165 level on the chart. 

Breakdown Charts

Mahanagar Gas Limited (MGL)-

MGL daily chart basically trading between the Rectangle Pattern and now price still trading between the range, now if MGL break the 1040 level and sustain below this we can see some major downside towards the 960-920 levels in coming days with the help of 1120 resistance level. 

If MGL daily chart took support at 1040 and break the 1120 level we can see some major movement and the price may move towards the 1200-1240 levels. 

Godrej Consumer Products (GODREJCP)-

Godrej Consumer Products daily chart trading in Diagonal Support level and now if price break the 1040 level and sustain below this we can see some downside towards the 960-920 level in coming days with the help of 1080 resistance level on the chart. 

Godrejcp daily chart if break the 1080 level and sustain above this we can see some major upside towards the 1160 level in coming days with the help of 1040 support level. 

BIOCON (BIOCON)-

BIOCON daily chart trading in consolidation zone, but price currently moving downside with some range and now price may move towards the 320 level in coming days with the help of 360 resistance level on the chart.

Biocon daily chart if break the 360 level and sustain above this we can see some major upside on the chart pattern. 

Dr. Lalpath Lab (LALPATHLAB)-

Dr. Lalpath Lab daily chart trading in Diagonal support level and now if price breaks the 3700 level and sustain below this we can see some major fall in price with the help of 3800 resistance level. 

Now Dr. Lalpath daily chart if break the 3800 level and sustain above this we can see some major bounce on chart. 

Cash Charts

Lovable  Lingerie (LOVABLE)-

Lovable Lingerie daily chart trading in the Cup and Handle pattern and now if price able to break the 135 level we can see some major bone and next price resistance is near the 180-240 level in coming days with the help of 120-105 support level. 

Cup and Handle pattern if not able to break the 135 level we can see some more consolidation between the range 90 to 135 level on the chart. 

Shakti Pumps India Ltd (SHAKTIPUMPS)-

Shakti Pumps daily chart has given breakout in Symmetrical Triangle Pattern with the volume and Price, now the price may move towards the 910/950 level with the help of 700 support level. 

Shakti Pumps daily chart if break the 650 level and sustain below this we can see some major fall and next support level will be near the 450 level. 

Indiabulls Real Estate (IBREALEST)-

Ibrealest daily chart has given breakout in Pennant pattern after the recent breakout in Curve pattern. Ibrealest breakout with strong volume and price, now stock may move towards the 200-240 levels in coming days with the help of 140-120 support level on chart. 

Ibrealest daily charts if break the 120 level and sustain below this we can see more consolidation between the Curve pattern. 

Bedmutha Industries (BEDMUTHA)-

Bedmutha Daily chart has given breakout in Double Bump Curve pattern and now price moving at fresh multi years high with the help of 30 support level on the chart and now Bedmutha may move towards the 70-90 levels in coming days with the help of 30-33 support level on the chart. 

Bedmutha daily chart if not able to move according to Curve pattern we can see some more consolidation between the Rectangle cum Curve pattern. 

Kingfa Science (KINGFA)-

Kingfa daily chart trading between the Rectangle pattern and now price taking support at the lower line of pattern and price bounce with strong volume and price, now stock may move towards the 1200/1300 levels in coming days with the help of 950 support level on the chart. 

Kingfa daily chart if break the 950 level and sustain below this we can see some major downside on chart. 

IDBI Ltd (IDBI)-

IDBI weekly chart has given breakout in the Descending Channel pattern and now price bouncing with strong volume and price we can see some major breakout towards the 100/120 levels in coming days with the help of 40 support level on the chart. 

IDBI daily chart currently moving upside and if stock is not able to move upside and break the 40 levels we can see some downside on the chart. 

Charts to Watch

Fiem Industries Limited (FIEMIND)-

FIEMIND daily chart has given breakout in major Curve pattern with strong we can see some major upside and movement towards the 1500/1600 level, stock has major support near the 1100 level on the chart. 

Fiemind daily chart if break the 1100 level and sustain below this we can see some downside on the chart pattern. 

Cipla Limited (CIPLA)-

Cipla daily chart trading between the rectangle pattern and now price moving downside with small candlesticks if break the 900 level we can see some downside towards the 880 level and this level will decide the future of stock. 

Cipla daily chart if break the 880 level and sustain below this we can see some major downside towards the 840-820 levels in coming days. 

Cipla daily chart if now able to move downside and if break the 925 level we can see some upside movement towards the 960-980 levels. 

Cadila Healthcare Limited (Cadilahc)-

Cadila Health Care daily chart trading between the rectangle pattern and currently stock consolidating in a range.  If Cadila health care daily chart if breaks the 577 level and sustain above this we can see some major upside on the chart with the help of 540 support level. 

Cadila Healthcare daily chart if break the 520 level and sustain below this we can see some major fall in price with the help of 560 resistance level on the chart. 

Shree Digvijay Cement (SHREEDIGCEM)-

Shree Digvijay Cement took support at the major diagonal support level and now price bounces from support with strong volume and price. Now Price may move towards the 95/98 level in the coming days with the help of 80.00 support level on the chart. 

Shreedigcem daily chart if break the 75 levels and sustain below this we can see some fall in price. 

HBL Power System (HBLPOWER)-

HBL Power daily chart already moved 15 to 56 level and now price formed the pennant pattern. Now the stock has given breakout in Pennant pattern and price may move towards the 68-74 level in coming days with the help of 48.00 support level on chart. 

HBL Power daily chart if not able to upside and break the 48 level we can see some fall in the price. 

KDDL (KDDL LTD)-

KDDL daily chart has given breakout in the Curve pattern and now price moving upside with strong volume and price. Now KDDL can move towards the 640/700 level in the coming days with the help of 480-440 support level on the chart. 

KDDL daily chart not able to move upside and if price break the 440 level and sustain below this we can see some fall in the price. 

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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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