BlogChartBook160th ChartBook

160th 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 currently trading between the fresh new range 17600 to 16600 levels and current price may be more consolidate between this range, now if Nifty Daily chart breaks the resistance 17600 level and sustain above this we can see some major movement towards the 18200-18600 level and if Nifty daily chart break the 16600 level and sustain below this we can see some major fall in the price according to chart. 

Nifty Bank-

Nifty Bank chart perfectly entered into the Rectangle pattern and currently price is consolidating between the 36200 to 34200 levels and we can see more consolidation between this range, and now price range-extended between the fresh range between 37500 to 34000 levels, and now if Nifty Bank able to break 37500 level and sustain above this we can see some major movement towards the upside and now if price able to break the 34000 level and sustain below this we can see some major fall in the price. 

Nifty IT-

Finally, Nifty IT is trading above the Rectangle pattern and now price is trading above the Breakout level with some indecisive candlestick patterns, now the price may move towards the 39000-41000 levels in coming days with the help of 36000 support level on the chart. 

Nifty IT if failed to move upside and now if the price breaks the 37000 level we can see some more consolidation between the 37500 to 34000 rectangle pattern according to price formation. 

Nifty Metal-

Nifty Metal daily chart trading between the Rectangle Pattern and currently now price is trading near middle line after forming bearish candlestick pattern, now if price able to break the 5400 level and sustain below this we will have a fresh range between 5400 to 5000 levels and the current price is trading between 5400 to 6000 levels. 

Currently, we have a Nifty Metal rectangle range between the 6000 to 5000 levels, now if the price break the 6000 level and sustain above this we can see some major upside in the price, and now if Nifty Metal break the 5000 level and sustain below this we can see some major breakdown on the chart and price can move downside. 

Nifty Pharma-

Nifty Pharma daily chart perfect trading between the Rectangle Pattern range and last week index formed the bullish pattern and now price is trading with bearish marubozu pattern, now if price break the 14000 level we can see some major movement towards the fresh high and if Nifty Pharma breaks the 13000 level and sustain below this we can see some major fall in the price according to chart. 

Nifty AUTO-

The Nifty Auto daily chart trading between the fresh range and we can see some more consolidation between the 11000 to 10300 range according to chart and this is the small range and if the price break the 11000 level we can see some major upside and if price break the 10300 level we can see some fall towards the 9500 support level.

Nifty daily chart if able to break the 11250 levels and sustain above this we can see some major upside in the price and next resistance will be near 12100 level and if Nifty auto daily chart breaks the 9500 level and sustain below this we can see some major fall in the price. 

Breakout Charts

Adani Enterprises Limited (ADANIENT)-

Adani Enterprises Limited daily chart trading near fresh high and this will be also breakout level in the Pole and Flag pattern. If Adanient breaks the 1710 level and sustains above this we can see some major movement towards the 1800-1900 levels in coming days with the help of 1600-1630 support level on the chart. 

Adani Enterprises daily chart if failed to move upside and price break the 1600 level we can see some more consolidation between the Rectangle Range. 

SBI Life Insurance Limited (SBILIFE)-

Sbilife daily chart trading near major support at Horizontal Support level and now price is bouncing with some strength in price and volume, now if stock break the 1155 level and sustain above this we can see some major movement towards the 1200-1240 levels in coming days with the help of 1120 support level on the chart pattern. 

Sbilife daily chart if failed to move upside and if price breaks the 1100 level we can see some major fall in the price according to the chart. 

Balkrishna Industry Limited (BALKRISIND)-

Balkrishna Industry daily chart took support at Horizontal Support level and now price is consolidating at small Rectangle Pattern now if price break the 2300 level and sustain above this we can see some major movement on the chart and stock may move towards the 2450-2600 levels in coming days with the help of 2100-2150 support level on the chart. 

Balkrisind daily chart if fail to move upside and if price breaks the 2100 level we can see some major fall in the price according to chart and stock has resistance near 2300 level on the chart. 

First Source Solution Limited (FSL)-

First Source Solution daily chart also formed the pattern according to chart and now price is bouncing from support and now the stock has given breakout in the small Rectangle Pattern after forming huge volume and price, now the stock price may move towards the 210-230 levels in coming days with the help of 170 support level on the chart. 

FSL daily chart as trading at a fresh breakout in pattern, if the stock fails to move upside we can see more consolidation between the Rectangle Pattern. 

Escorts Limited (ESCORTS)-

Escorts daily chart trading at fresh small Rectangle Pattern, now if price break the 1900 level and if price sustains above this we can see some major movement towards the 2050-2300 levels in coming days with the help of 1800 support level on the chart. 

Escorts daily chart if fails to move upside and if price breaks the 1800 level we can see some fall in the price with the help of 1900 resistance level. 

Breakdown Charts

Pidilite Industries Limited (PIDILITIND)-

Pidilitind daily chart trading between the Rectangle Pattern and now price trading near resistance level and price formed the shooting star here, now if price breaks the 2400 level and sustain blow this we can see some major fall towards the 2300/2200 levels in coming days with the help of 2450 resistance level on the chart. 

Pidilitind daily chart if fails to move upside and if price breaks the 2450/70 level and sustain above this we can see some major upside towards the 2600-2800 levels in coming days with the help of 2350 support level. 

Container Corporation Limited (CONCOR)-

Concor daily chart breaks the price in the rectangle pattern, now the price may move towards the 560-540 levels in the coming days with the help of 630 resistance level on the chart, and if price failed to move downside and if price regain 630 level we can see more consolidation between the 740 to 630 consolidation zone on the chart. 

Ultratech Cement Limited (ULTRACEMCO)-

Ultratech Cement daily chart trading between the Rectangle Pattern and now price is trading near the support level and the price is trying to move downside with some long candlesticks, now if price break the 7000 level and sustain below this we can see some major downside towards the 6800-6600 levels in coming days with the help of 7400 resistance level on the chart. 

As price is trading between the Rectangle Pattern and price is still between the pattern we can see some more consolidation in this rectangle. 

NTPC Limited (NTPC)-

NTPC daily chart breaks the major Diagonal Support line and now the price is falling with some strong candlesticks and now if the price breaks the 120 level we can see some major downside towards the 110/100 level in coming days with the help of 125 resistance level on the chart. 

NTPC if fails to move downside and if price regains 125 level we can see some bullish movement on the chart. 

Shriram Transport Finance Limited (SRTRANSFIN)-

Shriram Transport Finance daily chart breaks the Rectangle Pattern and currently price is falling with some strong stregth in candlestick, now price may move towards the 1050/1000 levels in coming days with the help of 1240 resistance level on the chart.

If Shriram Transport Finance fails to move downside and if regain the Rectangle pattern range we can see some more consolidation between the range.  

Punjab National Bank Limited (PNB)-

PNB daily chart break the diagonal Support level and now price is trading below the major support, now if price break the 36 level and sustain below this we can see some major downside towards the 32-28 levels in coming days with the help of 38 resistance level on the chart. 

PNB daily chart if fails to move upside and if price able to regain 38 level we can see some upside in the chart. 

Cash Charts

Emami Realty Limited (EMAMIREAL)-

Emami Realty stock already moved 72 to 93 level as per our recent charts, and now price is given fresh breakout in the cup and handle pattern with strong volume and price, now price may move towards the 130-170 levels in coming days with the help of 77-70 support level on the chart. 

Emami Realty daily chart if fails to move upside and if price break the 70 level we can see some fall in the price according to chart. 

Smartlink Holdings Limited (SMARTLINK)-

Smartlink shown us just awesome move yesterday as per our chart and now Weekly chart trading at multiyear high and price is moving upside with strong volume and price, now stock may move towards the 170-200 levels in coming days with the help of 125-115 support level on the chart according to the analysis.

Smart Link daily chart if fails to move upside and if price fall below the 130 level we can see some consolidation between the 100 to 130 levels. 

BLB Limited (BLBLTD)-

BLB Limited weekly chart has given fresh breakout in the Rounding Bottom pattern and now price is moving upside with strong volumes and price, now price can move towarsd the 25/40 levels in coming days with the help of 10/12 support level on the chart.

BLB is low volume stock so we need to be more caustion above this movement as these type of stocks is  easy to speculate on the charts.

BLB daily chart if fails to move upside and if price break the 100 level we can see some fall in the price. 

Mahanagar Telephone Network Limited (MTNL)-

Mahanagar Telephone Network daily chart perfectly moves upside according to chart and price moves 20% and now price is above fresh breakout level in the Curve pattern and now stock can move towards the 55-70 levels in coming days with the help of 20 support level on the chart. 

MTNL daily if fails to move upside and if price break the 20 level we can see some fall in the price according to the chart.

Apollo Micro System Limited (APOLLO)-

Apollo Micro System daily chart looking here good and still price is trading below the resistance level and now if price break the 140-150 level we can see fresh breakout in the Major Rectangle Pattern, and price may move towards the 200-275 levels in coming days with the help of 100-125 support level on the chart. 

Apollo Micro if fails to breakout we can see more consolidation between the lower line according to the chart. 

D-Link India Limited (DLINK)-

D-Link daily chart moving upside and now stock formed the Pole and flag pattern and now if price break the 162 level and sustain above this we can see some major movement towards the 200-240 levels in coming dasys with the help of 135-120 support level on the chart. 

D-Link daily chart if fails to move upside we can see more consolidation between the 120 to 160 range on the chart. 

Charts to Watch

LGB Forge Limited (LGBFORGE)-

LGB Forge weekly chart trading at fresh breakout level and now price is moving with strong stregth and now price may move towards the 20-30-40 levels in coming days according to chart with the help of 9.00 support level on the chart. 

LGB Forge weekly chart if fails to move upside and if price break the 9.00 levbel we can see some fall in the price according to chart. 

Landmark Properties Development Limited (LDPC)-

LDPC daily chart has given breakout in the Monthly chart with strong rounding bottom patern and now price may move towards the 17.50-30.00 levels in coming days as per chart with the help of 5.00-6.00 support level on the chart. This type of low volume stock is easy to manupulate, so we need to be more caution here.

LDPC if fails to move upside and if price break the 5.00 level we can see some more fall and more consolidation between the chart.

Texmaco Infra and Holding Limited (TEXINFRA)-

Texinfra daily chart trading in the Descending Channel Pattern and now price is trading near the resistance level, if stock break 65 level and sustain above this we can see some major upside in the chart and stock may move towards the 77-85-95 levels in coming days with the help of 55.00 support level on the chart. 

Texinfra if fails to move upside we can see more consolidation between the 62 to 50 levels on the chart. 

IZMO Limited (IZMO)-

IZMO Limited daily chart has given breakout in the Descending Channel Pattern and now price is moving upside with strong candlestick and volume, now price may move towards the 100/130 levels in coming days with the help of 75-65 support level on the chart. 

IZMO daily chart if fails to move upside and break 75 level again we can see some fall in the price according to chart. 

Premier Polyfilms Limited (PREMIERPOL)-

Premier Polyfilms daily chart trading in the Rectangle pattern and now price is trading near the resistance level and now if price break 85 level and sustain abvoe this we can see some major movement towards the 100-115-130 levels in coming days with the help of 70 support level on the chart.

Premier Polyfilms daily chart if fails to move upside and if price break 64 level we can see some major fall in the price according to the chart. 

Oswal Greentech Limited (BINDALAGRO)-

Oswal Greentech daily chart taking support at Horizontal Support level and now price is bouncing with strong volume and price, now if stock break the 26 level and sustain above this we can see some major movement towards the 35-45 levels in coming days with the help of 20 support level on the chart. 

Dhanuka Agritech Limited (DHANUKA)-

Dhanuka daily chart trading near the Horizontal Support Zone and now price is boungin from suppout and stock formed the volume, now if price break the 760 level and sustain above this we can see some major upside towards 850-920 levels with the help of 720-700 support level on the chart. 

Dhanuka iof fails to move upside we can see more consolidsation between the 800 to 700 levels. 

Commodity Charts

CRUDEOIL-

Crude Oil daily chart trading between the Ascending Channel pattern and now price is consolidating near middle line, and now if Crude Oil break the 5600 level and sustain above this we can see some major movement towards the 6200 level in coming days with the help of 5300-5200 support level on the chart.

Crude Oil if fails to move upside we can see more consolidating between the our Ascending Channel Pattern. 

ZINC-

Zinc daily chart forming the curve pattern and now price is trading near some resistance level, if price break the 290-292 level and sustain above this we can see some major upside towards the 310-325 levels with the help of 280 support level on the chart. 

Zinc daily chart if not able to break resistance we can see some more consolidationg between the 300 to 260 range in the chart. 

NICEKL-

Nickel trading between the Symmetrical Triangle Pattern and now price is trading near major decisive level, if price break the 1570 level and sustain above this we can see some major upside towards the 1600-1650 levels with the help of 1540 support level on the chart. 

Nickel Daily chart trading between the Symmetrical Triangle pattern and if price not able to break the resistance out we can see more consolidsationg between the 1565 to 1510 levels. 

Silver Future-

Silver daily chart trading between the Rectangle Pattern and currently price trading near support now price may reverse from here as price trading near support with consolidation at support. Now if Silver is able to break the 62300 level and sustain above this we can see some major upside towards the 66000 level. Now if Silver breaks the 66000 level and sustains 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. 

Aluminum Future-

Aluminum perfectly bounces from support and price is moving upside with strong candlsticks, now if price break the 230 level we can see some major upside towards the 240-255 levels with the help of 220-215 support level on the chart. 

Aluminium daily chart if fails to move upside and if price break the 215 level we can see more consolidation between the 215 to 200 levels.

Natural Gas-

Natural Gas is trading near the Horizontal Support level and now the price is consolidating here with some small indecisive candlesticks, now if Natural Gas is able to break our 310 level and sustain above this we can see some major movement towards the upside, and the price can reach 340-380 level in coming days with the help of 280 support level. 

As Natural Gas trading near support level, if price break 280 level and sustain below this we can see some major fall in the price according to chart and price may move towards the 260-250 level with the help of 290/300 resistance level on the chart. 

Gold Future-

Gold Daily trading in Rectangle Pattern and now price is bouncing from support level, but we have fresh resistance near middle line, and now if Gold break the 49900 level and sustain above this we can see some major movement towards the 52000-54000 levels with the help of 47777 support level and if Gold failed to break out the middle line we can see more consolidation between the 50000 to 45000 levels range. 

Gold if failed to break resistance and now if Gold able to break the 45000 level and sustain below this we can see some major downside in the chart. 

One Response

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