BlogChartBook161st ChartBook

161st 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-

Nifty IT perfectly moving as per Rectangle Pattern breakout and now the price is moving upside, we can see some movement towards the 41000-43000 levels in the coming days with the help of 37000-37500 support level on the chart. 

Nifty IT daily chart if break the 37000 level and if price again falls into Rectangle Pattern we can see more consolidation between the range after the fall. 

Nifty Metal-

Nifty Metal daily chart trading between the Rectangle Pattern and currently now price is trading near middle line after forming some small consolidation near middle line, 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 perfectly bounce from the support and now the price is moved 13000 to 14200 levels, and now if price breaks the 14300 level and sustain above this we can see some movement towards the 14800 levels. If Nifty Pharma daily chart break the 14800 level and sustain above this we can see some major movement towards the 16000-17000 levels in coming days with the help of the 13600 support level and if the nifty Pharma daily chart failed to move upside we can see some more consolidation between our rectangle range.  

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. 

Nifty FMCG-

Nifty FMCG daily chart perfectly bounce from Horizontal Support after forming Hammer pattern, and now price is moving upside with bullish candlestick and still the price is looking still good here and price may move towards the 38400/39200 levels in coming days with the help of 37000 support level on the chart. 

Nifty FMCG daily charts if failed to move upside and if price breaks the 36700 level we can see some fall towards the 36000 level and if price break the 36000 level we can see some major downside on the chart. 

Nifty Realty-

Nifty Realty daily chart trading between the Rectangle Pattern and now price taking support at the lower line and now price is consolidating near small resistance and if price break the 490 level we can see some major movement towards the 530-560 levels in coming days with the help of 460-450 support level on the chart. 

Nifty Realty daily chart as trading near the resistance line and if the price is not able to break major resistance we can see more consolidation between the 490 to 450 levels, if the Nifty Realty daily chart if break the 450 level and sustain below this we can see some major fall in the price with the help of 490 resistance level on the chart. 

Breakout Charts

Hindalco Limited (HIINDALCO)-

Hindalco Limited daily chart has given breakout in the Cup and Handle pattern and now the price is moving upside with strong volume and price, we can see some major movement towards the 505/550 levels with the help of 450 support level on the chart. 

Hindalco if failed to move upside and if price breaks the 450 level we can see some fall in the price and this consolidation will be between 450 to 400 levels. 

Colgate Palmolive Limited (COLPAL)-

Colpal Daily chart taking support at major Horizontal Support and now price consolidated at support and now price is bouncing from support and now price break the resistance with strong volume and price, now Colpal can move towards the 1560-1640 levels in coming days with the help of 1420/1450 support level on the chart. 

Colpal daily chart moving upside and now if price break the 1400 level and sustain below this we can see some major movement towards the 1330/1300 levels in the chart.

Deepak Nitrite Limited (DEEPAKNTR)-

Deepak Nitrite Daily chart perfectly reversed from the Rectangle Pattern or we can call this inverted head and shoulder pattern, now price can move towards the 2650-2800 levels in coming days with the help of 2300 support level on the chart. 

Now, if Deepak Nitrite’s daily chart failed to move upside and if the price breaks the 2300 level we can see some more consolidation between our Rectangle Pattern. 

Sun TV Network Limited (SUNTV)-

Sun TV Network daily chart trading at the major diagonal support level and now price is bouncing from support with strong candlestick with some volume, now if price break the 510 level and sustain above this we can see some major upside towards the 540-560 levels in coming days with the help of 485 support level on the chart. 

Sun TV daily chart if failed to move upside and if price breaks the 480 level and sustain below this we can see some major fall in the price with the help of 520 resistance level. 

Trent Limited (TRENT)-

Trent 2H chart consolidating at support with indecisive candlesticks and now if Trent breaks the 1075 level and sustain above this we can see some major movement towards the 1140-1200 levels with the help of 1030 support level on the chart. 

Trent’s daily chart if failed to move upside we can see some more consolidation between the 1080 to 990 levels, and if Trent breaks the 980 level we can see some major fall in the chart.

Delta Corp Limited (DELTACORP)-

Delta Corp 2H Chart trading near major support level on the chart and now price is bouncing from support with bullish candlesticks, now if price able to break 265 level we can see some major movement towards the 290/310 support level on the chart. 

Delta Corp 2H Chart if failed to break resistance and if price breaks the 245 support level and sustain below this we can see some fall towards the 220-210 levels. 

Breakdown Charts

Hindustan Aeronaut Limited (HAL)-

HAL daily chart break the Inverted Curve Pattern and now price is consolidating below breakdown and now if price able to sustain below 1200 level we will have additional confirmation for downside and price may fall towards the 1040-960 levels in coming days with the help of 1240 resistance level on the chart. 

HAL daily chart if failed to move downside and now if price reverses from the lower levels and if price breaks the 1260 level we can see some additional upside in the price. 

NBCC (India) Limited (NBCC)-

NBCC daily chart trading in the Descending Channel pattern and now price is trading near resistance level with some bearish candlesticks, and now if price breaks the 45 levels and sustain below this we can see some major fall towards the 42 to 39 levels in coming days with the help of 47.5 resistance level on the chart.

NBCC daily chart if failed to move downside and if price breaks the 48 levels we will have a fresh breakout in the chart and we can see some major upside in the chart. 

Granules India Limited (GRANULES)-

Granules daily chart trading in the Rectangle Pattern and now price is consolidating near resistance level and now if price breaks the 330 level we will have additional reversal confirmation on the chart and price may fall towards the 300-290 levels in coming days with the help of 345 resistance level on the chart according to chart. 

Granules daily chart if failed to reversal and if price breaks the 350 level we can see some additional upside in the chart and stock will move towards the 380-400 levels in coming days with the help of 320 support level on the chart. 

UPL Limited (UPL)-

UPL daily chart trading between the Rectangle Pattern and now price is consolidating near the resistance with the formation of indecisive candlesticks near resistance, now if price break the 740 level we will have additional confirmation for downside and price may move towards the 700 to 680 levels in coming days with the help of 765 resistance level on the chart.

UPL daily chart as trading inside the Rectangle pattern, so chances of the breakout are also equal of consolidating, if price break the 775 level and sustain above this we can see some major movement towards the 820-860 levels in coming days with the help of 740 support level. 

Cash Charts

Swelect Energy System Limited (SWELECTES)-

Swelect Energy daily chart trading in upside and now price at a fresh breakout in Curve Pattern and price may move towards the 375/420 levels in coming days with the help of 225 support level on the chart and now if price able to break 425 level and sustain above this we can see some major upside towards the 500-600 levels. 

Swelect daily chart if failed to move upside and now if price break the 225 level we can see some fall in the price.

Sanghvi Movers Limited (SANGHVIMOV)-

Sanghvi Movers daily chart at a fresh breakout in the cup and handle pattern and price is moving upside with strong candlesticks with volume, now price may move towards the 320/380 levels in coming days with the help of 180 support level on the chart. 

Sandhvi Movers daily chart if failed to move upside and if price breaks the 180 level we can see some fall in the price according to chart.

Websol Energy System Limited (WEBELSOLAR)-

Webel Energy Solar Weekly chart fresh breakout in the double bump pattern and now price is moving upside with strong candlestick pattern, with strong volume, now price may move towards the 250-350 levels in coming days with the help of 100-125 support level on the chart. 

Webel Solar if failed to move upside and if the price breaks the 130 level we can see some fall in the price and we can see some major consolidation below 130 level. 

BGR Energy and Systems Limited (BGRENERGY)-

Bgr Energy daily chart at a fresh breakout in the Cup and handle pattern with strong volume and price, now price may move towards the 110/150 levels in coming days with the help of 70-60 support level on the chart. 

Bgr Energy daily chart if failed to move upside and if price breaks the 60 levels we can see some fall and consolidation will be in range. 

Alpa Laboratories Limited (ALPA)-

Alpa Laboratories weekly chart in the Cup and Handle pattern and now price is moving upside with strong candlestick pattern with a strong bounce in volume, now stock price is looking attractive and price maybe moves towards the 120-150 levels in coming days with the help of 65 support level on the chart.

Alpa daily chart as forming the Cup and Handle pattern and now if price not able to move upside and if price break the 65 level we can see some fall in the price.

MSP Steel and Power Limited (MSPL)-

MSPL daily chart has given breakout in the Curve Pattern with strong volume and price, now price can move towards the 24-28 levels in coming days with the help of 12 support levels on the chart. 

MSPL daily chart if failed to move upside and if price sustains below 12 levels we can see some fall in the price according to chart. 

Charts to Watch

IDFC Limited (IDFC)-

IDFC Limited weekly chart trading near the resistance level with strong volume and price, now if IDFC is able to break the 70 levels and sustain above this we can see some major upside in the price and stock may move towards the 85/100 levels in coming days with the help of 50 support level on the chart.

IDFC if failed to move upside and not able to break the resistance we can see some more consolidation between the 40 to 70 levels in the chart. 

Vodafone Idea Limited (IDEA)-

Vodafone Idea Limited daily chart again trading near the breakout level and now if the price break the 16.5 level and sustain above this we can see some major upside towards the 23.28 levels in coming days with the help of 12 support level on the chart. 

Vodafone daily chart if fails to move upside and if price again breaks the 11 levels we can see more consolidation between the old range 14 to 5.

HCL Infosystems Limited (HCL_INSYS)-

HCL Infosystems Limited weekly chart at a fresh breakout in the Cup and Handle Pattern with strong volume and price, now price may move towards the 40-60 levels in coming days with the help of 16.00 support level on the chart.

HCL Infosystems weekly chart if not able to move upside and if price breaks the 16 levels we can see some more consolidation between the 16 to 10 levels in the chart. 

Aarti Industry Limited (AARTIND-

Aarti Industry 4H chart trading in the Rectangle pattern and now if price breaks the 1020 level and sustain above this we can see some major upside towards the 1080 to 1160 levels in coming days with the help of 940-920 support level on the chart. 

Aarti Industry if failed to move upside and if price breaks the 960 level we can see some more and strong consolidation between the 1020 to 900 levels. 

Bosch Limited (BOSCHLTD)-

Bosch Limited daily chart perfectly moving upside from Rectangle Pattern and now price is moving upside with strong volume and price, now Bosch can move towards the 18500-19000 levels in coming days with the help of 16300 support level on the chart. 

Bosch daily chart if failed to move upside and if price break the 16500 level we can see more consolidation between the 17000 to 15000 levels. 

Balkrishna Industry Limited (BALKRISIND)-

Balkrishna Industry perfectly moving according to our last week chart and now price is above the Double Bottom pattern breakout with some strength in the chart and now price can move towards the 2450-2600 levels in coming days with the help of 2200 support level on the chart. 

If the Price is not able to move upside and if the price fall below the 2200 level we can see some more consolidation between the 2300 to 2000 levels. 

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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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