BlogChartBook154th ChartBook

154th 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 60 Minutes daily chart trading in the Inverted Head and Shoulder pattern and now price break the Neckline with strong candlestick, now price may move towards the 18300/18600 levels in coming days with the help of 18000 support level on the Chart. This Chart is looking is bullish here and the price is still strong here but when we look at the Daily chart we can see clearly price is bouncing from rectangle support and now the price may move towards the fresh high but the 17800 support level will be key to watch here. 

Nifty Bank-

Nifty Bank daily chart trading between the Ascending Channel pattern and now price is trading near the support level with small doji star pattern and now if Price breaks the 39000 level and sustain above this we can see some price movement towards the 39000 to 41500 levels in coming days with the help of 38500-38000 support level. 

Nifty Bank daily chart if break the 38000 level and sustain below this we can see some major fall in the price with 39000 resistance level on the chart. 

Nifty IT-

Nifty IT daily chart perfectly trading between the rectangle pattern and now price moving with strong candlestick patterns, and now price moving towards the major resistance line 37900 which is upper line of rectangle pattern. 

Nifty IT daily chart if break the 38000 level and sustain above this we can see some major upside and strong movement towards the 40000-42000 levels in coming days and if Nifty IT not able to move upside and if price break the 34000 level and sustain below this we can see some major downside on side 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 daily chart moving slowly slowly upside and still price trading below major resistance level and now if Price breaks the 12000 level and sustain above this we can see some major upside towards the 13000-14000 levels in coming days with the help of 11400 support level on the chart. 

Nifty Auto daily chart if break the 11000 level and sustain below this we can see more consolidation between the 9200 to 11000 levels between the chart. 

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.  

Nifty Media-

Nifty Media daily chart trading in uptrend and price is in still uptrend, now if price break the 2400 level and sustain above this we can see some major upside towards the 2600-2900 levels in coming days with the help of 2200 support level on the chart. 

Nifty Media if break the 2200 level and sustain below this we can see some movement towards the 1900 levels on the chart. 

Breakout Charts

Housing Development Finance Corporation Limited (HDFC)-

HDFC Daily chart moving according to the Cup and handle pattern and price also gaining strength with strong candlestick, now price may move towards the 3100/3200 levels in coming days with the help of 2900 support level on the chart. 

HDFC daily chart if fail to move upside and if price breaks the 2900 level we can see some major fall and more consolidation between the recent rectangle range which is 2870 to 2620 levels. 

Lupin Limited (LUPIN)-

Last week Jublfood moved according to the chart with the same formation and now Lupin formed the huge consolidation with Triangle Pattern. If Price is able to sustain above 950 level we can see some major upside towards the 1000/1075 levels in coming days with the help of 925-920 support level on the chart. 

Lupin daily chart finally looking for a bullish side after huge consolidation and now if the price is not able to move upside and break the 900 support level we can see some major fall in the price. 

Cipla Limited (CIPLA)-

Cipla daily chart trading between the Rectangle Pattern and now price finally looking for the bullish side with some consolidation, if price breaks the 920-925 level and sustain abvoe this we can see some major upside towards the 960-980 levels in coming days with the help of 900-880 support level on the chart. 

As Cipla Trading in the Rectangle pattern and if price able to break the 880 support level and sustain below this we can see some major fall in the price according to chart. 

Interglobe Aviation (INDIGO)-

Indigo daily chart has given a breakout in the fresh Pole and flag pattern, now price moving upside with strong volume and price, now Indigo may move towards the 2500-2700 levels in coming days with the help of 2150 support level on the chart. 

Indigo daily chart if break the 2100 level we can see more consolidation between rectangle consolidation range. 

Info Edge (NAUKRI)-

Info Edge 60Min chart has given breakout in the Symmetrical Triangle Pattern with strong volume and price, now Naukri may move towards the 6600-6800 levels in coming days with the help of 6200-6100 support level on the chart. 

Naukri if fail to move upside and if break the 6000 level and sustain below this we can see some major fall in the price. 

Breakdown Charts

Bajaj Auto Limited (BAJAJAUTO)-

Bajaj Auto Daily chart last week failed to move upside and now the price has given a breakdown in the major Diagonal Support level with strong volume and price, now stock may move towards the 3500/3300 levels in coming days with the help of 3700 resistance level on the chart. 

Bajaj Auto Daily chart if not able to move downside and if Bajaj Auto break the 3800 level and sustain above this we can see some major upside in the chart. 

Atul Limited (ATUL)-

Atul 4H chart has given a breakdown in the Major Horizontal Support with some strong movement, now price may move towards the 8200-7800 levels in coming days with the help of 9000 resistance level on the chart pattern. 

Atul daily chart if break the 9000 level and sustain above this we can see some major upside towards the 9400-9800 level in coming days with the help of 8500 support level. 

Rec Limited (RECLTD)-

Rec Limited daily chart has given a breakdown in the Diagonal Support line with strong volume as well as strong price, now price may move towards the 135-130 levels in coming days with the help of 150 resistance level on the chart. 

Rec Limited daily chart if fail to move downside and if price breaks the 150 level and sustain above this we can see some major upside towards 160 level on the chart. 

Godrej Consumer Limited (GODREJCP)-

Godrej Consumer Products daily chart has given a breakdown in the inverted cup and handles pattern, with strong volume and price, now stock may move towards the 850-800 levels in coming days with the help of 975 resistance level on the chart. 

Godrejcp if fail to move downside and are able to claim 975 level we can see some major upside in the price. 

Cash Charts

Procter and Gamble Industries Limited (P&G)-

P&G daily chart moving according to the Rectangle Pattern and now pricing formed the consolidation after the breakout and now the stock has formed the volume in last 3 days and price is moving upside, we can see a possible move towards the 16000-18000 levels in coming days with the help of 14500 support level on the chart. 

P&G daily chart if fail to move upside and if price breaks the 14500 level we can see some more consolidation between recent price range. 

Sundaram Clayton (SUNCLAYLTD)-

Sundaram weekly chart has given breakout in the Cup and handles pattern after huge consolidation and with huge volume, Now Price may move towards the 5200-6000 levels in coming days with the help of 3800 support level on chart. 

Sundaram Weekly chart if fail to move upside and break the 3200 level we can see some major fall in the price. 

Intrasoft Technologies Limited (ISFT)-

ISFT weekly chart moving upside after the Rounding Bottom pattern breakout with huge volume in last few weeks and now price may move towards the 240-280 levels in coming days with the help of 125 support level on the chart. 

ISFT daily chart if fail to move upside and break the 117 level we can see some fall in the price. 

Ahluwalia Cont Limited (AHLUCONT)-

Ahluwalia Cont daily chart has given break out in the big curve pattern and now price is moving upside with strong volume and price. Now, the price is moving upside towards the 500-570++ levels in the coming days with the help of 380 support level on the chart. 

Ahluwalia daily chart if fail to move upside we can see more consolidation between the 360-420 levels. 

Sundaram Finance Holding Limited (SUNDARMHLD)-

Sundaram Finance daily chart trading between the cup and handle pattern and now price consolidating with rectangle pattern, now if stock able to break the 90 levels and sustain above this we can see some movement the 120-140 levels in coming days with the help of 70.00 support level on the chart.

Sundaram Finance trading between the range and if the price still trades between this range we need to wait here. 

Rushil Decor Limited (RUSHIL)-

Rushil Decor Daily chart has given breakout in the Cup and handles pattern with strong volume and price, now if stock able to sustain here we can see some major upside towards the 440-520 levels in coming days with the help of 280-260 support level on the chart. 

Rushil Decor if fail to move upside and if break the 320 level we can see some fall in the price and more consolidation between the 240 to 320 levels. 

Charts to Watch

Chalet Hotels Limited (CHALET)-

Chalet Daily chart perfectly moving according to the Ascending Triangle pattern and now price is trading with pole and flag pattern and again price moving upside with strong volume, the stock may move towards the 340-360 levels in coming days with the help of 240 support level on the chart. 

Chalet Daily chart if break the 240 level we can see some fall in the price and next support is near 220 level on the chart. 

Tata Motors Limited (TATAMOTORS)-

Tata Motors 1H Chart trading between the Symmetrical Triangle Pattern and now if price break the 510 level and sustain above this we can see some major upside towards the 540-600 levels in coming days with the help of 490 support level on the chart. 

Tata Motors daily chart if not able to break the resistance we can see more consolidation between the Symmetrical triangle pattern and breakdown below the 490 level. 

Bajaj Finance Limited (BAJFINANCE)-

Bajaj Finance Daily chart trading between the Rectangle Pattern and now price is bouncing from support and we can see possibly more consolidation between the pattern, but if stock able to break the 8050 level and sustain above this we can see some major upside with strong support near 7250 support level on the chart. 

Bajaj Finance daily chart if break the 7250 level and sustain below this we can see some major fall in the price. 

Commodity Charts

GOLD-

Gold Daily chart perfectly moving according to our last week Chart and still gold chart is looking good with a strong breakout in the inverted head and shoulder pattern, now Gold may move towards the 52000-54000 levels in coming days with the help of 48000-47000 support level on the chart pattern. 

SILVER-

Silver Daily chart trading between the Rectangle pattern and the current price is moving towards the fresh high which is also the resistance level for the Rectangle pattern. Silver may move towards 70K-74K levels in the coming days with the help of 65K Support level on the chart.

Silver Daily chart if fail to move upside and fall below 66000 level we can see consolidation between the 62K to 66K levels.

COPPER-

Copper Daily chart trading between the small rectangle pattern and now price bouncing from support and price formation is confirm the possible reversal and now the price may move towards the 760-800 levels in coming days with the help of 730 support level on the chart. 

Copper daily chart if fail to sustain above 720 level we can see some more consolidation between the 720 to 660 levels.

ALUMINIUM-

Aluminium chart price perfectly reverses from the recent strong support level and now price trading near 216 level, once if price able to claim 224 level and sustain above this we can see major movement towards the 236-244 levels in coming days with the help of 204-208 support level on the chart. 

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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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