BlogChartBook156th ChartBook

156th 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 moving according to last week chart and price has given breakdown in chart and now price is falling below the Horizontal support line and now price is falling towards the 16500 to 16000 levels in coming days with the help of 17250-17500 resisance level on chart. When we see chart trend on chart and price is falling here and we can see some major change in trend and we need to wait here and causion about the bullish side movement. 

Nifty currently showing the bearish indication and now if price failed to move downside and now if price able to gain 17300/400 level we can see some strength for bullish side. 

Nifty Bank-

Nifty Bank daily chart moving downside after breakdown in the Ascending Channel pattern and now price is falling with strong candlestick and price may move towards the 34000-33000 levels in coming days with the help of 37000 resistance level on the chart. 

Nifty Bank daily chart if fail to move downside and if price break the 38000 level and sustain above this we can see some more consolidation between the Ascending Channel pattern in the chart. 

Nifty IT-

Nifty IT Trading between the Rectangle Range and price is trading between this pattern range (37500-34000) levels and currently price is trading near the support level and now if Nifty IT price able to break the 34000 level and sustain below this we can see some major downside towards the 32000-30000 levels in coming days with the help of 35000-36000 resistance level on the chart. 

Nifty IT daily chart as trading between the Rectangle Pattern so if price able to break upper side range and if price able to break 37000 level and sustain above this we can see some major upside towards the 40000-42000++ levels in coming days with the help of 35000 support level. 

Nifty Metal-

Nifty Metal chart trading between the rectangle pattern and price is break the middle line with strong volum and now price may move towards the 5200-5000 levels in coming days with the help of 5600 resistance level. 

Nifty Metal as trading between the rectangle pattern and now if price break the 5000 level and sustain below this we can see some major downside towards the 4800-4600 levels in coming days with the help of 5600 level on chart and now if Nifty Metal daily chart if able to break the rectangle pattern 5800 level and sustain above this we can see some major upside in the price with the help of 5400 support level. 

Nifty Auto-

Nifty Auto daily chart reversing from resistance level according to chart and now price is falling with strong volume and now price has given breakdown in the double top pattern and now price is falling with strong candlesticks and now price may moveo towards the 10750-9750 levels in coming days with the help of 11000 resistance level on the chart. 

Nifty Auto daily chart if not able to move downside and now if price able to hold 11000 level and sustain above this we can see some major upside and consolidation between 11000 to 12000 levels according to chart. 

Nifty Pharma-

Nifty Pharma Daily chart price again trading between the rectangle pattern and now price is moving upside even after the major fall in the market, now if Nifty Pharma able to break the 14000 level we can see more consolidation between the 14750 to 14000 levels and major upside only post breakout above 14750 level on the chart. 

Nifty Pharma daily chart if break the 13200 level and sustain below this we can see some major fall in the price with the help of 14000 resistance level on the chart. 

Nifty FMCG-

Nifty FMCG daily chart and now price has given breakdown in the Inverted pole and flag pattern and now price is falling with strong volume and price, now price may move towards the 36500-36000 levels in coming days with the help of 38500 resistance level on the chart. 

Nifty Fmcg is not able to move major downside and price if able to sustain above 38000 level we can see some consolidation between the 40000 to 38000 pole’s range. 

Breakout Charts

Granules Limited (GRANULES)-

Granules last week able to confirm our chart pattern and now price is able to hold the Horizontal Support line and now if resistance level able to break the 320 level and sustain above this this level we can see some major upside towards the 340-360 levels in coming days with the help of 300 support level on th chart. 

Granules daily chart is not able to break 320 level we can see more consolidation between 320 to 300 levels and now if Granules able to break the 300 level we can see some major downside on th chart. 

Cipla Limited (CIPLA)-

Cipla Daily chart trading between the Rectangle Pattern and now price is bounce with strong volume and price, now if Cipla able to break the 1005 level and sustain above this we can see some major upside towards the 1040-1100+ levels with the help of 940-920 support level on the chart. 

Cipla Daily chart trading in Rectangle pattern and now if price break the 880 level and sustain below this we can see some fall in the price with the help of 966 resistance level. 

Lupin Limited (LUPIN)-

Lupin daily chart trading at major horizonal support level and now price is trading between the descending channel pattern and now price is bouncing with volume and price, now if Lupin able to break the 930 level and sustain above this we can see some major upside towards the 990-1100 levels in coming days with the help of 880-860 support level on the chart. 

Lupin daily chart if not able to move upside and if price break the 850 level and sustain below this we can see some fall in the price with the help of 900 resistance level on the chart. 

Indiamart Intermesh Limited (INDIAMART)-

India Mart daily chart trading in the Ascending Diagonal Support line and now price is looking indicisive here and now if price break the 7400 level and sustain above this we can see some major movement towards the 8000-8400 levels in coming days with the help of 7200 support level on the chart. 

If India Mart daily chart if fail to move upside and if price break the 7200 level and sustain below this we can see some price fall in the pattern with the help of 7600 resistance level on the chart. 

Breakdown Charts

Wipro Limited (WIPRO)-

Wipro daily chart has given breakdown in the double top pattern and now price is falling from upside and now if price able to sustain below 620 level we can see some major fall towards the 580-560 levels in coming days with the help of 640 resistance level on the chart. 

Wipro daily chart if not able to sustain below support level and if price break the 640 level we can see some major upside towards the 660-700 levels on the chart with the help of 611 support level. 

Dlf Limited (DLF)-

DLF daily chart has given breakdown in the Double Top pattern and now price is falling with strong volume and price we can see some major downside towards the 350-340 levels in coming days with the help of 390 resistance level on the chart. 

DLF daily chart if fail to move downside and ifal able to hold 390 level we can see some major upside and movement towards the upside according to chart with the help of 380 support level. 

Jsw Steel Limited (JSWSTEEL)-

JSW Steel daily chart has given breakdown in the Rectangle Pattern and now price is falling with strong volume and price, now price moving downside and now price may move towards the 575/550 levels in coming days with the help of 650 resistance level on the chart with the help of 650-675 resistance level on the chart. 

Jsw Steel daily chart as trading below this Rectangle pattern and now if price is not able to move downside and if price break the 700 level we can see some more consolidation between the 700 to 775 levels according to chart. 

Mphasis Limited (MPHASIS)-

Mphasis daily chart has given breakdown in the Major ascending diagonal support line and now price is falling with strong volume, now price may move towards the 2800-2600 levels in coming days with the help of 3200 resistance level on the chart. If Price fail to move downside and if price break the 3200 level and sustain above this we can see some major upside in the chart. 

Piramal Enterprises Limited (PEL)-

PEL daily chart trading at the Rectangle pattern support and now price is falling with some volume and price. If Price able to sustain below 2500 level we can see some major fall towards the 2300-2200 levels in coming days with the help of 2600 resistance level on the chart. 

PEL daily chart if fail to move downside and if gain 2700 level again we can see some major upside with the help of 2500 support level. 

Cash Charts

Astrazenca Pharma Limited (ASREAZEN)-

Astrazenca Pharma daily chart trading at major support level and now price is boucing with strong volume, but price faced some booking from upside. If Astrazenca daily charrt if break the 3200-3250 level and sustain above this we can see some major upside towards the 3600-4000 levels in coming days with the help of 3000-2950 support level on the chart. 

Astrazenca daily chart if break the 2950 level and sustain below this level we can see fall in the price with the help of 3200 resistance level on the chart. 

Palred Technologies Limited (PALREDTEC)-

Palread Techonologies is looking strong here and price is moving upside with strong volume and now price may move towards the 260-300 levels in coming days with the help of 180 support level on the chart. 

Palred is low volume stock so stock may move one side movement with strong price movement (LCs/UCs).

Pnb Housing Limited (PNBHOUSING)-

PNB Housing daily chart taking support at Ascending Diagonal Support level and now price is bouncing with strong volume and price, now price may move towards the 600/650 levels in coming days with the help of 450-400 support level on the chart. 

Pnb Housing daily chart if fail to move upside and if break the 425 level and sustain below this we can see some major fall towarsd the 350-300 levels in coming days with the help of 450-460 resistance level on the chart. 

Commodity Charts

Gold Future (GOLD)-

Gold perfectly fall from resistance as per last week chart and now price trading at support line and price consolidate at support and now if price break the 48000 level and sustain above this we can see movement towards the 49000-49700 levels. 

Gold Currently trading in the Triangle Pattern and now if price break the 49700 level and sustain above this we can see some movement towards the 52000-55000 levels and now if price break the 47000 level we can see fall in the price towards the 46000-45000 levels with the help of 48000 resistance level. 

Silver Future (SILVER)-

Silver perfectly reversed from the Middle line and now price is falling from resistance level and now price has given breakdown in the double top pattern and now price may move towards the 60000-58000 levels in coming days with the help of 65000 resistance level on th chart and if price able to not move downside and if price break the 66000 level and sustain above this we can see some consolidation towards the 70000-72000 levels with the help of 63000 support level. 

Aluminium Future (ALUMINIUM)-

Aluminium Daily chart fall from resistance level with strong price and now again price is trading near consolidation range and currently price is trading between the 220 to 203 levels, now if Aluminium break the 220 level and sustain above this we can see some major upside towards the 230-245 levels in coming days with the help of 205 support level and now if Aluminium daily chart if break the 205 level and sustain below this we can see some fall in the price with the help of 220 resistance level on the chart. 

Crude Oil (CRUDEOIL)-

Crude Oil daily chart trading in the ascending channel pattern and currently price has shown the unatural movement, so we need to wait here and now if price able to sustain below 5150 level we can see some major fall in the price with the help of 5500 resistance level on the chart and now if Channel not able to move downside we can see more consolidation and trading between the big candlestick and consolidastion. 

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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 Advisors & Research Analysts.

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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