BlogChartBook153rd ChartBook

153rd 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 Trading in the Rectangle range and now price again consolidating between the 18000 to 17250 levels. We can see more consolidation between this range and if Nifty is able to claim the 18000 level and sustain above this we can see some upside in the Nifty Index and if Nifty is not able to break this 18000 level we can see consolidation between 18000-17600-17250 levels in price. 

Nifty Bank-

Nifty Bank daily chart trading between the Ascending Channel pattern and now price is consolidating between the range, if Price breaks the 39000 level and sustain below this we can see fall towards the lower support line of Ascending Channel pattern and if Nifty Bank is able to claim 40500 level and sustain above this we can see some upside towards the Ascending Channel pattern’s resistance. 

Nifty Bank currently trading between the Ascending range 38000 to 41800 levels, major breakout, and breakdown outside the channel pattern range. 

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 IT currenlty if price break the 35600 level and confirm the reversal we can see some price bounce towards the resistance line of pattern. 

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 5900 level and sustain above this we can see possible upside and trade between the 6200 to 6400 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 perfectly bounced from the support and now price again gaining strength bullish side and now price may move towards the 12000 levels in coming days with the help of 11200 support level on the chart. 

Nifty Auto if break the 11200 level and sustain below this we can see some more consolidation between the 11000-10000-9400 levels. 

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. 

Nifty FMCG-

Nifty FMCG daily charts corrected from upside and now again price trading near some support level and price showing indecisive nature here, if price breaks the 39000 level and sustain above this we can see a reversal here and price may move towards the 41000-42000 levels in coming days. 

Nifty FMCG if not able to reverse from support and break the 38000 level we can see some more downside towards the 36000 level on the price.  

Breakout Charts

Jubilant Foodworks Limited (JUBLIFOOD)-

Jubliant Foodworks chart trading near major horizontal support level and now price consolidating here with the major indecisive candlestick. If Jublfood is able to break the 3800/3820 level and sustain above this we can see reversal confirmation and the price may move towards the 4000-4300 levels in the coming days with the help of 3650-3600 support level. 

Jublifood chart if break the 3600 level and sustain below this we can see some downside. 

Glenmark Pharma Limited (GLENMARK)-

Glenmark daily chart trading between small descending channel pattern and now if stock break the 533 level and sustain above this we can see some major bounce and movement towards the 580-620 levels in coming days with the help of 500.00 support level on the chart. 

Glenmark daily chart if not able to move upside and if stock break the 480 level and sustain below this we can see some downside on the chart. 

Sun TV Network Limited (SUNTV)-

Sun TV daily chart looking awesome here and price has given breakout in the Cup and handle pattern, now price looking strong here and price may move towards the 650-750 levels in coming days with the help of 550-530 support level on chart. 

Sun TV daily chart if not able to move according to the chart and if the price breaks the 550 level we can see some consolidation between the 450-550 levels. 

City Union Bank Limited (CUB)-

Cub daily chart moving according to descending channel pattern and now price retest at the pattern and price bouncing here with some strength and price may move towards the 180-188 levels in coming days with the help of 168-163 support level on the chart. 

Cub daily chart if not able to move upside and if price breaks the 163 level we can see some fall in price and more consolidation between the price (163-140). 

Bajaj Auto Limited (BAJAJAUTO)-

Bajaj Auto Daily chart trading at Diagonal Support level and now price trying to bounce from support with some strength on price. If Bajaj Auto is able to break the 3800 level and sustain above this we can see some major movement towards the 3900-4000 levels in the coming days with the help of the 3680 support level. 

Bajaj Auto daily chart if break the 3650 level and sustain below this we can see some price below this level. 

Breakdown Charts

Aarti Industries Limited (AARTIIND)-

Aartiind daily chart trading in Ascending Channel pattern and now if price breaks the 930 level and sustain below this we can see some price fall towards the 880-840 levels in coming days with the help of 975-980 levels. 

Aartiind daily chart if not able to break support and price bounce from here we can see some strength in the price. 

Indian Rail Tour Corporation Limited (IRCTC)-

Irctc daily chart trading at Diagonal Support level and now if price able to break the 800 level and sustain below this we can see some major fall towards the 700-650 levels with the help of 850 resistance level on the chart. 

Irctc daily chart if not able to break support level and bounce from here we can see some bounce and stock may bounce with a price. 

Bajaj Finserv Limited (BAJAJFINSV)-

Bajaj Finserv Daily chart trading in the Diagonal Support level and now finally price at an important level, if price break the 17150 level and sustain below this we can see some fall and stock may move towards the 16400-16000 levels in coming days with the help of 18000 resistance level. 

Bajaj Finserv daily chart not able to break the support and price if break the 18000 level and sustain above this we can see some major upside towards the 18400-18800 levels with the help of 17100 support level. 

Cash Charts

Garden Reach Shipbuilders & Engineers Limited (GRSE)-

GRSE daily chart has given breakout in the Ascending Triangle Pattern and now the price may move towards the 300-330 levels in coming days with the help of 240-220 support level on the chart pattern. 

Grse daily chart if not able to move major upside and fall below 220 level we can see some consolidation between the range. 

MBL Infrastructures Limited (MBLINFRA)-

MBL Infra daily chart currently trading at the rounding bottom pattern and now finally if price break the 30 level and sustain above this we can see some major upside towards the 50/70 levels in near future with the help of 20/18 level on the chart. 

MBL Infra daily chart if not able to break resistance level we can see some more consolidation between the chart. 

UFO Moviez India Limited (UFO)-

UFO Moviez daily chart trading at the Cup and handle pattern and now the price may move towards the 140/180 levels in coming days with the help of 100.00 support level on the chart pattern. 

UFO daily chart if not able to move upside and if stock break 100 level we can see some major fall in the price according to chart.

Mirza International Limited (MIRZAINT)-

Mirzaint perfectly moved on Diwali day and now the price has given a fresh breakout in the Rounding bottom pattern and now the price may move towards the 80/100 levels in coming days with the help of 60-50 support level on the chart. 

Mirzaint daily chart if not able to major movement according to chart and if price again moves trade below 60 levels we can see some more consolidation between the chart. 

Gokul Agro Resources Limited (GOKUL)-

Gokul daily chart moving according to big and strong Rectangle pattern and now again price if able to break the 40 levels and sustain above this we can see some major upside towards the 50/70 levels in coming days with the help of 28-30 support level on the chart. 

Gokul’s daily chart if not able to break 40 levels we can see some more consolidation between the 28-40 levels on the chart. 

Charts to Watch

Orient Cement Limited (ORIENTCEM)-

Orient Cement daily chart moving upside and now again price trading at a fresh high with a major breakout in the curve pattern and now price may move towards the 220 levels in coming days with the help of 160.00 support level on the chart.

Orient Cement daily chart if not able to move upside and if price falls below 160 level we can see consolidation between the 160-117 levels on the chart. 

Aurionpro Solutions Limited (AURIONPRO)-

Aurion Pro daily chart trading at Double Bump pattern breakout on chart and now price moving upside with strong volume and price, now stock may move towards the 270 levels in coming days with the help of 220 support level on chart. 

Aurion Pro daily chart if fail to move upside and fall below 220 level we can see consolidation between the 140-220 support level on chart. 

Supreme Petrochem Limited (SUPPETRO)-

Supreme Petrochem daily chart perfectly trading between the Rectangle pattern and now price bouncing from support with strong volume and price, now stock may move towards the 725/800 levels in coming days with the help of 625-620 support level on the chart. 

Supreme Petrochem daily chart if fail to move upside and if break the 624 level and sustain below this we can see some major fail and move towards the 525-475 levels on the chart. 

Orient Paper and Industries Limited (ORIENTPPR)-

Orient Paper daily chart trading at cup and handle pattern breakout and now stock may move towards the 40/47 levels in coming days with the help of 27 support level on the chart according to chart. 

Orient Paper daily chart if break the 27 levels and sustain below this we can see some major fall in the price. 

Commodity Charts

GOLD-

Gold Daily chart trading in the Descending Diagonal Resistance level and now if price break the 48K level and sustain above this we can see some major upside towards the 5000-52000 levels in coming days with the help of 47000 support level on the chart. 

Gold Daily chart not able to move upside and if price fails to break 48K level we can see more consolidation between the 46000-48000 levels in the price according to chart. 

SILVER-

Silver Daily chart trading between the Rectangle pattern and now price is moving upside with strong movement, now if price able to break the 66K level and sustain above this we can see some major movement towards the 70000-74000 levels in coming days with the help of 61000 support level. 

Silver if not able to move upside and if break the 61000 level and sustain below this we can see some fall in the price. 

COPPER-

Copper Daily chart trading between the small rectangle pattern and now price bouncing from support with hammer chart, now stock if able to break the 740 level and sustain above this we can see some major movement towards the 760-780 levels in coming days with the help of 715 support level on the chart. 

Copper Daily chart if fail to move upside and if break the 715 level we can see some consolidation between the 660-720 levels in the chart. 

CRUDEOIL-

Crude Oil daily chart consolidating between the 6450-5900 levels and now if Crudeoil able to break the 6500 level we can see some major upside towards the 7000-7500++ levels on the chart with the help of 6000 support level and if Crude oil not able to break the resistance level we can see more consolidation between the 5800 to 6500 levels in the chart. 

Add a Comment

You must be logged in to post a comment

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

Table of Contents