BlogChartBook152nd ChartBook

152nd 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 last week moved downside in last two days with strong candlesticks and now price trading between the recent consolidation zone. Friday index price bounce from support but ended with 1% down and this indicates us indecisive fight between the bulls and bears.

Now Nifty will be in the 17250 to 18000 consolidation zone, if the Price breaks the 18000 level and sustain above this we can see some major upside in price and if Nifty breaks the 17200 level and sustain below this we can see some major downside in price. 

Nifty Bank-

Nifty Bank daily chart fall in price and now index trading at major support and on Friday Nifty Bank bounced with strong price and if price breaks the 40000 level and sustain above this we can see some major consolidation between the 42000 to 38000 levels. 

If Nifty Bank breaks the 38000 level and sustain below this we can see some consolidation between the 36000 to 38200 levels.

if Nifty Bank’s daily chart does not break the support we can see some possible bounce from support and we can see more consolidation between the 38000 to 42000 levels. 

Nifty IT-

Nifty IT daily chart perfectly trading between the rectangle pattern and now if price break the 34000 level and sustain below this we can see some major fall in price and if Nifty IT not able to break this support level we can see some possible bounce in price and consolidation will be between the 38000 to 34000 levels. 

Nifty Metal-

Nifty Metal chart trading between the rectangle pattern and now price trading near support level with indecisive candlestick and now if price breaks the 5650 level and sustain above this we can see possible upside and trade between the 5900 to 5400 levels. 

If Nifty Metal daily chart if break the 5400 level and sustain below this we can see some consolidation between the 5000 to 5400 levels in price. 

Nifty Auto-

Nifty Auto last week touched the recent breakout level and now price support near consolidation between the range and now if Nifty Auto break the 11400 level and sustain above this we can see some possible upside towards the 12000/12200 levels. 

Nifty Auto daily chart if break the 11000 level and sustain below this we can see some major fall and consolidation between the price. 

Nifty Pharma-

Nifty Pharma daily chart consolidation between the rectangle pattern and now price bounce from support with strong indecisive nature, now if Nifty Pharma breaks the 14200 level and sustain above this we can see some major upside in price and now if Nifty Pharma daily chart if break the 13600 level and sustain below this we can see some major fall in price according to chart. 

Breakout Charts

Interglobe Aviation (INDIGO)-

Indigo daily chart bounce from Breakout retest level with strong volume and price and now 2200 is level to watch here, if stock break the 2200 level and sustain above this we can see some major movement towards the 2600 to 2900 levels in coming days, the stock has major support near 2000 level on the chart. 

If Indigo breaks the 1900 level and sustains below this we can see again consolidation between the 1900 to 1500 levels. 

Gujrat Gas Limited (GUJGASLTD)-

Gujrat Gas daily chart taking strong support at the diagonal line and now stock price bouncing from support with strong volume and price, now if stock break the 640 level and sustain above this we will have confirmation of reversal and price may move towards the 680-720 levels in coming days with the help of 580-585 support level. 

Gujrat daily chart if break the 570 level and sustain below this we can see some fall in the price. 

Ramco Cement Limited (RAMCOCEM)-

Ramco Cement daily chart has given breakout in the Descending Triangle Pattern and now stock price above this breakout level with strong candlestick and price. Now Stock can move towards the 1125-1180 levels in the coming days with the help of the 1025 support level on the chart. 

Ramcocem daily chart if fail to move upside and again fall below 1000 level we can see more consolidation between the 925 to 1000 levels. 

Alembic Pharmaceuticals Limited (APLLTD)-

Aplltd daily chart trading at the horizontal support level and now price bouncing with some support and major strong volume, now stock may trade between the 740 to 850 levels and now if stock break the 850 level we can see some major strong reversal on the chart and if price breaks the 730 level and sustain below this we can see some fall in the price. 

Aplltd daily chart if break the 730 level and sustain below this we can see some fall in price. 

Voltas Limited (VOLTAS)-

Voltas Limited daily chart took support at rectangle breakout level and now the price may bounce from support with strong volume and price. Now if stock break the 1220 level we will have additional confirmation of reversal from support and stock may move towards the 1280 to 1356 levels with the help of 1160 support level. 

Voltas daily chart if break 1140 level and sustain below this we can see some fall in price and stock will trade again between the rectangle pattern. 

Colgate Palmolive (COLPAL)-

Colpal daily chart trading at the Horizontal Support level and now price trying to bounce from support and if stock break the 1560 level we will have additional confirmation fro bullish side and stock may move towards the 1640-1720 levels in coming days with the help of 1520 support level. 

Colpal daily chart if break the 1480 level and sustain below this we can see some fall in the price. 

Breakdown Charts

Coforge Limited (COFORGE)-

Coforge Daily chart moving downside after the Ascending Channel pattern breakdown and now price again started moving downside with some strong volume and price, the stock may move towards the 4500/4000 levels in coming days with the help of 5200 resistance level on the chart. 

If Stock not able to move more downside and stock able to gain 5000 level we can see some bounce and more consolidation here between the price and major breakout level only above 5800 level. 

Alkem Lab Limited (ALKEM)-

Alkem daily chart has given a breakdown in Ascending Channel pattern and now the price may continue to fall towards the 3400 to 3200 levels in coming days with the help of 3800 resistance level on the chart. 

Alkem if fail to move downside and claim 3800 level we can see some price bounce in stock. 

Birlasoft India Limited (BIRLASOFT)-

Birlasoft daily chart trading between the Rectangle Pattern and now price is still consolidating inside the pattern, if price breaks the 380 level and sustain below this we can see some fall towards the 340 to 320 levels and if Birlasoft daily chart breaks the 350 level and sustain abvoe this we can see some major and strong movement on the price and currently support near 385 level. 

Firstsource Solution (FSL)-

FSL daily chart trading between the Symmetrical Triangle pattern and currently stock trading between the narrow range inside the pattern, now if stock break the 195 level and sustain below this we can see some fall towards the 180/175 levels with the help of 210/220 resistance level. 

FSL daily chart if break the 220 level and sustain above this we can see some major upside and strong movement towards the 240-250 levels with the help of 190 support level. 

Cash Charts

Pioneer Disterlee  (PIONDIST)-

Piondist already moved 150 to 195 level according to our last chart and now the stock has given breakout in the Rounding Bottom pattern with strong volume and price, now stock may move towards the 240/300 levels in coming days with the help of 160-165 support level on chart. 

Piondist if fail to move upside and if break the 150 level we can see some price consolidating in a range. 

ABB India Ltd (ABB)-

ABB India daily chart has given breakout in the rectangle Pattern with strong volume and price, now stock may move towards the 2400-2600 levels in coming days with the help of 1900 support level on the chart. 

ABB India daily chart if fail to move upside and break the 1900 level we can see more consolidation between the 1600 to 1900 levels in price. 

Minda Corp Limited (MINDACORP)-

Mindcorp daily chart has given breakout in the Cup and handle pattern with strong volume and price, now stock may move towards the 190 to 215 levels in coming days with the help of 130 support level on the chart.

Mindcorp daily chart if fail to move upside and if price breaks the 120 level we can see some price fall in stock. 

Bharat Bijli Limited (BBL)-

BBL daily chart has given breakout in the Pennant pattern with strong volume and price and now the price may move towards the 1600-1700 levels in coming days with the help of 1350 support level on the chart.

BBL daily chart if fail to move upside and if break the 1300 level we can see some major fall in the price.  

Gayatri Project (GAYAPROJ)-

Gayaproj trading in diagonal support level and now price bouncing with strong volume and price. If Gayaproj is able to sustain above 44 levels we can see some major upside towards the 56/60 levels in coming days with the help of 38.00 support level. 

Gayaproj daily chart if break the 37 level and sustain below this we can see some major fall in the price. 

Ujjivan Finance Service (UJJIVAN)-

Ujjivan daily chart trading at the horizontal support level and now price bounce from support with strong volume and price, now stock may move towards the 240 level in coming days with the help of 160-140 support level on price. 

Ujjivan daily chart if break the 125 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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