BlogChartBook162nd ChartBook

162nd 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 last week able to break the old range and now Index entered into fresh range with bullish movement, we need to closely watch 18200 to 17600 levels. Nifty currently moving in upside and now the price may be a move towards the 18200 level and if the price failed to break this level we can see some more consolidation between our range.

Now if Nifty daily chart failed to break this range we can see consolidation between range, if price break the 18200 level and sustain above this we can see some major upside in the chart and if Nifty daily chart break the 17600 level we can see some major fall in the chart.

Nifty Bank-

Nifty Bank chart breaks the old range of Rectangle pattern and price moves this week perfectly as per our old chart and now price is moving still upside and now if price able to break the 38000 level we can see some more strong upside towards the 39000-41000 levels in coming days with the help of 36500 support level on the chart. 

Nifty Bank daily chart if fails to move upside and break the 36000 level we can see some more consolidation between 36000 to 34000 range according to the chart. 

Nifty IT-

Nifty IT Price trading near the breakout level of Rectangle pattern and now price is looking indecisive here and if price holds the 37000 level support we can see some possible bounce on the chart and price can move towards the 39000/41000 levels in coming days with the help of 37000 support and if Nifty IT daily chart if fails to bounce here and if price break the 37000 level we can see some fall and consolidation between the old Rectangle range 37000 to 34000 levels. 

Nifty Metal-

Nifty Metal daily chart trading between the Rectangle Pattern and currently now price is trading near upper line after forming some small consolidation near upper line, now if price able to break the 5900 level and sustain above this we will have a fresh breakout in the Recantangle Pattern and price can move towards the 6300-6600-6700++ levels in coming days with the help of 5400 support level. and if Nifty Metal price fails to break this resistance level we can see more consolidation between current range 5900 to 5400 range. 

Nifty Metal daily chart if fails to break the resistance and if price breaks the 5400 level we can see some more consolidation between the 5400 to 5000 range according to the chart. 

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 has given a fresh breakout in the Double Bottom pattern and now the price is moving upside and now the price can move towards the 11600/12000 levels with the help of 11000 support level on the chart. Nifty Auto daily chart if fails to move according to double bottom pattern and if price break the 11000 level we can see some more consolidation between the 11000 to 10400 range and this will be volatile range according to chart. 

Nifty Auto if fails to consolidate between the range and if price break the 10400 level and sustains below this we can see some fall in the price according to chart. 

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 move upside and if price breaks the 39200 level and sustain above this we can see some major upside in the chart and stock may move towards the 41200/42000 levels in coming days and if Nifty Fmcg daily chart fails to move upside and if price break 36000 level and sustain below this we can see some fall in the price according to chart. 

Nifty Energy-

Nifty Energy daily chart has given breakout in the Falling Wedge pattern and now price can move towards the 24250-25000 levels in coming days with the help of 22750 support level on the chart, and now if Nifty Energy daily chart fails to move upside according to chart and break the 22750 level we can see some more consolidation between the 22500 to 21750 range according to chart. 

Breakout Charts

Jubilant FoodWorks Limited (JUBLFOOD)-

Jubilant Food daily chart has given breakout in the Descending Triangle Pattern with strong price and volume, now price is looking strong here and price can move towards the 4000-4200 levels in coming days with the help of 3600 support level on the chart. 

Jubliant daily chart if fails to move upside and if price break the 3600 level we can see some more consolidation between the 3700 to 3350 price range. 

UPL Limited (UPL)-

UPL daily chart has given breakout in the Descending Channel Pattern with strong volume in last two candlesticks and with promising upside move, now price can move towards the 820-860 levels in coming days with the help of 750 support level on the chart, If UPL daily chart fails to move upside and if the price break the 750 level and sustains below this we can see some more consolidation between our Descending Channel pattern. 

Max Financial Service Limited (MFSL)-

Max Financial Service daily chart moving in upside with strong candlestick movement and price is moving upside and this price may lead towards the 1080-1160 levels in coming days with the help of 1000 support level on the chart, if MFSL daily chart fails to move upside and price break the 1000 level we can see some strong consolidation between the 1000 to 940 level according to chart.

Max Financial Service daily chart if fails to move upside and if price break the 920 level we can see some major fall in the price according to the chart. 

Gujarat Gas Limited (GUJGASLTD)-

Gujarat Gas Limited daily chart trading in upside with strong volume and price, and now price is trading near the resistance level, now if price break the 700 level and sustain above this we can see some major upside towards the 740-780 levels in the coming days with the help of 660 support level on the chart, if Gujarat Gas fails to move upside and price consolidate between the 700 to 600 levels we can see some more consolidation between this range according to chart. 

Gujarat Gas daily chart if break the 600 level and sustains below this level we can see some fall in the price according to the chart. 

Dalmia Bharat Limited (DALBHARAT)-

Dalmia Bharat daily chart trading near Major horizontal support level and now price is consolidating at support with strong range, now if price break the 1980 level and sustain above this we can see some major upside in the chart and stock may move towards the 2100/2300 levels in coming days with the help of 1840 support level on the chart. 

Dalmia Bharat daily chart if fails to move upside and now if price break the 1780 level and sustain below this we can see some major fall in the price with the help of 1900 resistance level on the chart. 

Aarti Industry Limited (AARTIIND)-

Aarti Industry daily chart has given breakout in the Curve Pattern and now price is moving upside with strong volume, now price can move towards the 1080-1160 levels in coming days with the help of 980 support level on the chart. 

Aarti Industry daily chart if fails to move upside and if price breaks the 980 level we can see some major fall in the price with the help of 1020 resistance level on the chart. 

Breakdown Charts

Granules India Limited (GRANULES)-

Granules daily chart trading in the rectangle pattern and now price is falling with strong price and price can now fall towards the 300/290 levels in coming days with the help of 330 resistance level on the chart. If Granule’s daily chart fails to move downside, and break the 340 level we can see some major upside as per rectangle pattern breakout. 

Dr Lal Pathlabs Limited (LALPATHLAB)-

Dr Lal Pathlabs daily chart trading between the Rectangle pattern and now price trading near the resistance line and price is trying to reverse from resistance with strong candlesticks, now price can move towards the 3600-3400 levels in coming days with the help of 3850 resistance level on the chart. 

Dr. Lal Pathlabs Limited daily chart as trading between the Rectangle Range, and now if price breaks the 3900 level and sustain above this we can see some major upside in the chart with help of 3700 support level. 

Bharat Electronics Limited (BEL)-

Bharat Electronics Limited daily chart trading between the rectangle pattern, and now price break the middle line with strong volume and price, now stock is falling and price can move towards the 200-192 levels in coming days with the help of 216 resistance level on the chart, now if BEL daily chart fails to move downside and now if price break the 228 level and sustain above this we can see some major upside in the chart with the help of 200 support level. 

United Spirits Limited (MCDOWELL_N)-

United Spirits daily chart trading in Ascending Diagonal Support line and now if price breaks the 865 level and sustain below this we can see some major downside on the chart stock may move towards the 820-760 levels in coming days with the help of 920 resistance level on the chart. 

United Spirit daily chart if fails to break the support downside we can see some more consolidation between the range and now if price break the 930 resistance level we can see some major upside in the chart.

Mahindra and Mahindra Limited (M&M)-

Mahindra and Mahindra daily chart trading between the rectangle pattern and now price is consolidating near middle line, and now if price breaks the 800 level we can see some fresh breakdown in the chart and stock may move towards the 760-720 levels in coming days with the help of 850 resistance level on the chart. 

Mahindra daily chart trading between the Rectangle pattern and now price trading near the middle line and now if price breaks the 850 level we can see some bounce and we will have a fresh range between the 960 to 840 range. 

Cash Charts

Steel City Securities Limited (STEELCITY)-

Steel City Securities daily chart has given breakout in the Rectangle Pattern with strong volume and price, now price can move towards the 82.5-95 levels in coming days with the help of 62.50 support level on the chart. 

If Steel City daily chart fails to move upside and if price break the 65 level we can see some more consolidation between the 65 to 50 range and major downside below 50 range only. 

Alankit Limited (ALANKIT)-

Alankit Limited daily chart trading near Major Horizontal Support with strong volume and price, now if price break the 19 level we will have strong breakout in the chart and stock can move towards the 25-28 levels in coming days with the help of 16 support level on the chart. 

Alankit daily chart if fails to move upside and price break the 13 level and sustain below this we can see some major fall in the price with thehelp of 18 resistance level. 

Om Infra Limited (OMINFRAL)-

Om Infra Weekly chart has given breakout in the Cup and handle pattern with strong volume and price, now price can move towards the 68-76 levels in coming days with the help of 36 support level on the chart. 

Om Infra Weekly chart fails to move upside and if price break the 30 level we can see some major fall in the chart. 

Redington India Limited (REDINGTON)-

Redington India Daily chart has given breakout in the Symmetrical Triangle pattern with strong volume and price, now stock can move towards the 190-220 levels in coming days with the help of 150 support elvel on the chart. 

Redington daily chart if fails to move upside and if price break the 140 support level we can see major fall in the chart. 

20 Microns Limited (20MICRONS)-

20 Microns Weekly chart moving according to double bump pattern and now price is moving upside and stock has given breakout in the fresh Pole and Flag pattern with strong volume in last two months, now stock can move towards the 90-110 levels with the help of 56 support level on the chart. 

20 Microns weekly chart if fails to move upside and if price break the 52 support level we can see some fall in the price and consolidation between the old range. 

Star Cement Limited (STARCEMENT)-

Star Cement daily chart trading in the Ascending Channel pattern and now price took support at lower line with strong volume and price bounce, now stock can move towards the 116-130+ levels in coming days witht the help of 90 support level on the chart. 

Star Cement daily chart if fails to move upside and if chart break the 90 level we can see some major fall in the price. 

Charts to Watch

Hi Tech Pipes Limited (HITECH)-

Hi Tech Pipes Limited daily chart has given Fresh breakout in the Descending Triangle pattern with strong volume and price, now stock can move towards the 740-800 levels in coming days with the help of 560 support level on the chart. 

Hi Tech Pipes daily chart if fails to move upside and if chart break the 570 level we can see some more fall in the chart and consolidation between the 580 to 500 levels, fresh breakdown will be below 500 level only. 

Shree Cement Limited (SHREECEM)-

Shree Cement Limited daily chart trading between the Rectangle Pattern and now price is bouncing from consolidation and now if price break the 27500 level we can see fresh bounce on the chart and stock can move towarsd the 28500-31000 levels in coming days with the help of 26000 support level on the chart. 

Shree cement daily chart if fails to breakout the range and if chart break the 25500 level and sustain below this we can see some major fall in the chart. 

Gujarat State Petr Limited (GSPL)-

GSPL daily chart trading between the Descending Channel pattern and now price is bouncing from support with strong candlesticks, now if stock able to sustain above 320 level we can see some major upside towards the 340-370 levels in coming days with the help of 300 support level on the chart. 

GSPL daily chart if fails to break the resistance we can see some consolidation between the 320 to 285 levels. 

Hindalco Industry Limited (HINDALCO)-

Hindalco Perfectly moves acccording to chart and now price is still moving with strong candlestick with strong volume, now price can move towards the 530-550 levels with the help of 465 support level on the chart. 

Hindalco daily chart if fails to move upside and now if price break the 460 level and sustain below this we can see some more consolidation between the 460 to 420 range according to chart. 

Tata Chemicals Limited (TATACHEM)-

Tata Chemicals Limited daily chart trading between the Rectangle Pattern and now price is trying to bounce from here with strong volume, now if price able to break th 960 level and sustain above this we can seee some major upside towards the 1120-1150 level in coming days with thehelp of 880 support level on the chart. 

Tata Chemical daily chart trading between the rectangle pattern and now we can see some more consolidation between the 960 to 820 range. 

SRF Limited (SRF)-

SRF 4H chart trading near the major resistance level and still with strong volume, now if price break the 2550 level and sustain above this we can see some major uipside in the chart and stock may move towards the 2800-3000 levels with the help of 2400 support level and if SRF break the levels with can see some fall and consolidsation in the chart. 

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