BlogChartBook158th ChartBook

158th 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 perfectly moved between range according to last chartbook range and currently price is trading near resistance level, now if Price able to break 17550 level and sustain above this we can see some movement towards rthe 18000-18250 levels in coming days, and support will be near 17250 level on chart and if price not able to breakout the resistance range we can see more consolidation between the 17550 to 16900 range. 

Nifty breakdown and major downside only below 16900 level and this is currently strong level to watch for index and this is going to play major role in future movement of Nifty 50. 

Nifty Bank-

Nifty Bank chart perfectly reverse from support zone in Rectangle Range and now price is looking bullish here and we can see price is now taking support at recent resistance level and formed the doji pattern here, now if price able to break 37300 level and sustain above this we can see some movement towards the 39000/40000 levels in coming days with the help of 36800 support level on chart. 

If Nifty Bank not able to move upside and break the 36800 level we can see some fall in the price and more consolidation possible between the 37000 to 34500 levels range. 

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 at middle of range and we can see more consolidation between the Rectangle pattern range. Major breakout will be only above 38000 level and breakdown will be below 34000 support level on the chart. 

We can see same patterns in major IT stock and majority of stocks trading at Support in rectangle pattern and TCS reversing from support with strong candlesticks. 

Nifty Metal-

Nifty Metal daily chart trading between the Rectangle Pattern and currently now price is looking for bullish side inside the pattern and we can see possibly 6000 level which is pattern’s top range in coming days and if price not able to break that level we can see more consolidation between the 6000 to 5000 levels range. 

Nifty Metal if able to break the 6000 level and sustain above this we can see some major breakout towards the 6400-6800 levels and if Nifty Metal failed to break out resistance we can see some possible downside movement and major downside movement only below breakdown of rectangle range at 5000 support level on chart. 

Nifty Media-

Nifty Media perfectly moving according to Pole and Flag pattern and now price is moving upside as per last week chart prediction and now price may move towards the 2600 levels with the help of 2200 support level and now if Nifty Media break the 2000 level and sustain below this we can see some fall towards the 1800 support level on the chart. 

Nifty Pharma-

This time we have fresh rectangle pattern range between 14900 to 13200 levels and currently price is trading between lower porition of pattern which is between 14000 to 13200 levels. 

Nifty Pharma as trading in rectangle pattern so if price able to break the fresh lower line level 13200 and sustain below this we can see some major fall towards the 12750-12300 levels in coming days with the help of 13600 resistance level and now if Price not able to breakdown and break the 14000 level we can see fresh movement range between 14750 to 14000 levels. 

Nifty FMCG-

Nifty FMCG daily chart finally taking support at Horizontal support zone and currently price is bounce from support with strong reversal candlestick pattterns, and now price is trading between fresh range 39500 to 36700 levels and now price may trade between this range in coming days. 

Nifty FMCG now moving towards the upside and price is looking promising here, we can see some movement towarsd the 39500 levela and fresh breakout above the 39500 level with the help of 37500 support level on chart and if Nifty FMCG failed to move upside and break the 37000 support level we can see some major fall in the price. 

Nifty Realty-

This time we have fresh Index in ChartBook and this chart is similar to last week chart of Nifty Media, Nifty Realty trading in Pole and Flag pattern and now if index able to break the 560 level and sustain above this we can see some major breakout and movement towards the 600-620++ levels in coming days with the help of 500-530 support level on the chart. 

As index trading between strong range so if Price break the 475 level and sustain below this we can see some major fall in the price. 

Breakout Charts

Polycab India Limited (POLYCAB)-

Polycab 4H Chart has given breakout in the Double Bump pattern and now price is moving upside with strong volume and price, now price may move towards the 2600-2700 levels in coming days wtih the help of 2400 support level on the chart. 

We need to wait here with support and now if price break the 2350 level and sustain below this we can see some fall in the price with the help of 2450 resistanc level on the chart. 

Deepak Nitrite Limited (DEEPAKNTR)-

Deepak Nitrite daily chart took support at lower level and now price is moving upside and now price is trading near resistance level, if price break the 2380 level and sustain above this we can see some upside towards the 2600-2800 levels in coming days with the help of 2222 support level on the chart. 

Deepak Nitrite daily chart if failed to break the resistance we can see some more consolidastion between the 2400 to 2000 range on the chart. 

Godrej Consumer Products Limited (GODREJCP)-

Godrej Consumer Products daily chart took support at lower level and now price is bouncing from support and now price is trading near resistanc level, if price break the 950 level and sustaini above this we can see some more upside towards the 1000-1080 levels in coming days with the help of 900-880 support level on the chart. 

Godrej Consumer Products daily chart currently trading near resistance and now price is trading between the 960 to 880 consolidation between the range. 

Tata Consultancy Service Limited (TCS)-

TCS daily chart perfectly took support in the price and now stock has given breakout in the Double bottom pattern and now again price is bouncing from support with strong price, we can see some movement towards the 3800-3950 levels in coming days with the help of 3500 support level on the chart. 

TCS daily chart if failed to move upside and if price breakdown the 3500 level we can see more consolidation between the 3550 to 3400 range. 

City Union Bank (CUB)-

City Union bank daily chart taking support at perfect horizontal support line and now price is bouncing from support with strong volume and price, now price may move towards the 157-170 levels in coming days with the help of 144 support level on the chart. 

City Union Bank daily chart as trading near support and now if price breakdown the 143 level and ssutain below this we can see some major fall in the price. 

IDFC First Bank Limited (IDFCFIRSTB)-

IDFC Bank daily chart has given breakout in the major resistance line and now price is moving upside with strong volume and price, now price may move towards the 60.00-65.00 levels in coming dasys with the help of 48 support level on the chart.

Now price if failed to move upside and break and again enter into price 48-42 range consolidation. 

Breakdown Charts

SBI Cards and Payment Limited (SBICARD)-

Sbi Cards and Payment daily chart has given breakdown in the Horizontal support line and now price moving downside withs trong volume and price, now price may move towarsd the 875 to 825 levels in coming days with the help of 950 resistance level on the chart. 

SBI Cards and payment failed to move downside and now if price able to regain 950 level we can see some upside in the chart. 

Divis Laboratories Limited (DIVISLAB)-

Divislab Daily chart has given breakdown in the inverted curve pattern and now price is falling with strong volume and price, now price may move towards the 4300-4200 levels with the help of 4650 resistance level on the chart.

Divislab currently trading below support level and now if price break the 4700 level we can see some upside on the chart. 

Whirlpool of India Limited (WHIRLPOOL)-

Whirlpool of India Limited trading below major downside on the chart and now price is trading at recent support level which is working as resistance level and now price can move towards the 1800-1700 levels with the help of 2000 ressitance level on the chart. 

Whirpool daily chart if break the 2000 level and sustain above this we can see some major upside and price on the chart. 

Cash Charts

Minda Corporation Limited (MINDACORP)-

Minda Corportation Daily chart perfectly moving upside according to Curve pattern and now price again moving upside according to chart and now price is moving upside with strong volume and price, we can see some major upside towards the 200/220 levels in coming days with the help of 160 support level on the chart. 

Minda Corporation daily chart if faile to move upside and if price break the 160 level we can see some downside towards the 140 next support level according to chart.  

Pennar Industries Limited (PENIND)-

Pennar Industries Limited Daily chart has given breakout in the Descending Channel pattern with strong volume and price, now stock may move towards the 40 to 43 levels in coming days with the help of 28 support level on the chart. 

If Stock failed to move upside and if price fall below 30/28 level we can see more consolidation between descending channel pattern range 30 to 25 levels. 

TV18 Broadcast Limited (TV18BRDCST)-

TV18BRDCST daily chart moving upside and now price at fresh breakout in Cup and Handle pattern with strong volume and oprice, now price may move towards 56-68 levels in coming days with the help of 40.00 support level on teh chart. 

TV18BRDCST daily chart as moving upside and now if price break 40 level we can see some fall in the price. 

GOCL Corporation Limited (GOCLCORP)-

GOCL daily chart trading in the Rounding bottom pattern and now if price able to break 360 level and sustain above this we can see some major upside towards the 520-600 levels in coming days with the help of 280 support level on the chart. 

GOCL daily chart trading below support level and now if price able to break 280 support level we can see some major fall in the price. 

MSP Steel & Power Limited (MSPL)-

MSPL Steel & Power Limited daily chart trading in the Ascending Channel pattern and now price is bouncing from support with strong volume and price, now stock can move towards the 13/15 level in coming days with the help of 9.00 support level on the chart. 

MSPL daily chart if failed to move upside and if price break the 9.00 level and sustain below this we can see some major fall in the price. 

Windsolar Machines Limited (WINDMACHIN)-

Windsolar Machines daily chart took support at recent resistance level which is working at major support level with strong volume, now price may move towards the 50-70 levels in coming days with the help of 30-34 support level on the chart. 

Charts to Watch

Suryalakshmi Cotton Limited (SURYALAXMI)-

Suryalakshmi daily chart moving in uptrend and now price trading at fresh symmetrical triangle pattern with strong volume but stock is illiquid. Now stock may move towards the 100-110 levels in coming days with the help of 60/55 support levele on the chart. 

Suryalakshmi daily chart if failed to breakout and now if price break the 55 level and sustain below this we can see some major fall in the price. 

Canara Bank Limited (CANBK)-

Canara Bank daily chart trading in uptrend and now price is moving upside and now price again bouncing from support with strong price pattern, and now if stock opnce able to cross 250 level we can see some major movement towards the 320/370 levels in coming days with the help of 200 support level on the chart. 

Commodity Charts

Natural Gas-

Natural Gas daily chart trading at Horizontal Support level and now price is bouncing from support with some strong price movement and now if price able to hold 305 level and sustain above this we can see some movement towards 340-380 levels in coming days with the help of 278 support level on the chart.

Natural Gas daily chart if break 275 level and sustain below this we can see some fall in the price according to chart with strong 310 resistance level on the chart. 

Zinc Future-

Zinc Future daily chart consolidating at curve support and now price trading at resistance level and now if price break 280 level and sustain above this we can see some major upside towards 295-315 levels with the help of 270-267 support level on the chart. 

Zinc future daily chart if failed to move uupside and now if price break 260 level we can see some fall in the price. 

Aluminium Future-

Aluminium daily chart trading at Diagonal Support level and now price trading in Symmetrical Triangle pattern and now if price break 215-216 level and sustain above this we can see some movement towards 230-240 levels in coming days with the help of 210-205 support level on the chart. 

Aluminium Daily chart if break the 200 level and sustain below this we can see some fall in the price with the help of 213 resistance level. 

Silver Future-

Silver daily chart trading between the Rectangle Pattern and currenlty price trading near support now price may reverse from here as price trading near support with consolidation at support. Now if Silver able to break 62000 level and sustain above this we can see some major upside towards the 66000 level. Now if Silver break 66000 level and sustain above this we can see some major upside in the price with the help of 60000 support on the chart. 

Silver chart if failed to sustain above support and if silver break support we can see some major fall in the price. 

Gold Future-

Gold Daily trading in Rectangle Pattern and now price is bouncing from support and now if price break 48500 level and sustain above this we can see some major movement towards 50000 level and after this we need to watch 50000 level and this level will decide future of stock. 

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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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