BlogChartBook163rd ChartBook

163rd 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 perfectly bouncing from support and moving with strong upside movement, now price may reach the major resistance very soon and this is all-time high or 18600 level for Nifty, if Nifty able to break this level and sustain above this we can see major upside in coming days as this will be Curve Pattern breakout in the chart and after this price can fly with strong movement and nifty can move towards the 19000/19400 levels and if Nifty fails to break the 18600 resistance level and consolidate below this level we can see some chances of reversal from the resistance. 

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 39000 level we can see some more strong upside towards the 41500-43000 levels in coming days with the help of 37500 support level on the chart. 

Nifty Bank daily chart if fails to move upside and break the 37000 level we can see some more consolidation between 37000 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 price holding the recent breakout level which is 37000 level and price trying to bounce from here and now if index able to break the 39500 level and sustain above this we can see some major upside towards the 42000-44000 levels in coming days with the help of 37000 support level on the chart. 

We can compare this chart with our old chart and at that time also stock was consolidated near the breakout and after consolidation price fly with a strong upside and this time also Nifty It trying to copy that chart. 

Nifty Metal-

Nifty Metal daily chart trading between the Rectangle Pattern and price finally trading near the upper line with strong candlestick with strong doji, now if price able to break the 5950-6000 levels in coming days and if price sustain above this we can see some major upside towards the 6200/6400 levels in coming days with the help of 5600/5650 support level on the chart, if Price not able to break that level and if price break the 5600 level we can see some fall and more consolidation between the current Rectangle range 6000 to 5000 levels. 

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 perfectly moving as per our last week chart and double bottom pattern and now price can move towards the 12000 levels in coming days and this level will decide the future of stock and if Nifty Auto daily chart break this level we will have a multi-year breakout with cup and handle pattern and index can move in the open sky with strong bullish strength. 

Nifty Energy-

Nifty Energy daily chart perfectly moved as per Falling Wedge pattern and still price is looking strong here and very soon price can reach the next resistance near 25350 level and if price able to break this level we will have fresh breakout in the Curve pattern and above this we can see some major upside in chart and Index can move towards the 27000-29000+ levels. 

Breakout Charts

Indian Rail Corporation Limited (IRCTC)-

IRCTC 4H Chart trading at a fresh breakout in the Symmetrical Triangle Pattern with strong candlestick with strong volume in last 2 days, now price can move towards the 1000-1120 levels in coming days with the help of 855-865 support level on the chart. 

IRCTC 4H chart if fails to move upside and if price breaks the 855 level we can see some consolidation between the 860 to 800 levels on the chart. 

Godrej Properties Limited (GODREJPROP)-

Godrej Properties 4H chart moving upside with some volume and now price is trading near the resistance and now if stock break the 1970 level and sustain above this we can see some major upside towards the 2100/2300 levels in coming days with the help of 1900 support level on the chart, if price fails to move upside and if price break the 1870 level and sustains below this we can see some fall in the price and stock can move towards towards the 1700 levels in coming days. 

Oberoi Realty Limited (OBEROIRLTY)-

Oberoi Realty daily chart moving as per the double bottom pattern and stock moving the upside with still strong candlestick and strong volume, now if price break the 980 level and sustain above this we can see some more upside towards the 1020/1040 levels in coming day with the help of 940 support level on the chart. If Oberoi Realty’s daily chart fails to move upside and if the price breaks the 920 level and sustains below this we can see some fall in the price and consolidation between the old range 890 to 780 levels. 

National Building Corporation Limited (NBCC)-

NBCC daily chart moving as per the double bottom pattern breakout and now price is still moving upside with strong volume and price, now if price break the 54 levels and sustain above this we can see some more upside towards the 58 to 62 levels in coming days with the help of 51 support level on the chart.

NBCC daily chart if breaks the 50 levels and sustain below this we can see some more consolidation between the 50 to 40 levels according to the chart.  

Hindustan Aeronaut Limited (HAL)-

Hindustan Aeronaut Limited daily chart formed the same chart as UPL did in last week and stock fly with strong volume, and now HAL daily chart has given breakout in the Descending Channel pattern with strong volume and price, now stock can move more upside towards the 1450 to 1550 levels in coming days with the help of 1310-1330 support level on the chart. 

HAL daily chart if fails to move upside as per Descending Channel pattern and now if price breaks the 1300 level we can see some more consolidation and fall in the price. 

Shree Cement Limited (SHREECEM)-

Shree Cement daily chart trading between the Rectangle Pattern and now price moving upside huge consolidation at support and now price is trying to move upside and if price break the 27500 level and sustain above this we can see some more consolidation towards the 28500-31000 levels in coming days with the help of 26000-25500 support level on the chart. 

Shree Cement is trading between the Rectangle Pattern, and now if price fails to move upside and if price not able to break the resistance we can see some more consolidation between the 27500 to 25500 levels and fresh breakdown will be below 25500 support level on the chart. 

Breakdown Charts

Alembic Pharmaceutical Limited (APLLTD)-

Alembic Pharma daily chart trading between the Rectangle Pattern and now price trying to reverse from the resistance and now if price break the 795 level and sustain below this we can see some fall towards the 760-740 levels in coming days with the help of 820-840 resistance level on the chart. 

Aplltd daily chart as trading between the Rectangle pattern and now if price break the 850 level and sustain above this we can see some more upside in the price. 

Biocon Limited (BIOCON)-

BIOCON daily chart trading between the Rectangle Pattern and now price is trading with tweezer top pattern with strong bearish candlestick and now if price break the 350 level and sustain below this we can see some more downside towards the 335-325 levels in coming days with the help of 370 resistance level on the chart. 

BIOCON daily chart as trading between the Rectangle Pattern and now if price not able to break the support we can see some more consolidation between the rectangle pattern. 

Hindustan Unilever Limited (HINDUNILVR)-

Hindustan Unilever 4H chart trading near the resistance level and now price is trying to reverse from the resistance after the strong formation of Doji star series and now price can move towards the 2275-2225 levels in coming days with the help of 2425-2450 resistance level on the chart. 

Hindunilvr daily chart if fails to move upside and if price break the 2450 level and sustain above this we can see some more upside towards the 2550-2750 levels in coming days. 

Bajaj Auto Limited (BAJAJAUTO)-

Bajaj Auto Limited daily chart trading near the resistance level and now price forming the strong Doji near resistance in series and now if price break the 3350 level and sustain below this we can see some more downside towards the 3240/3080 levels in coming days with the help of 3470/3480 resistance level on the chart. 

Bajaj Auto daily chart if fails to move downside and if price break the 3480 level and sustain above this we can see some major upside in the chart and stock can move towards the 3640-3760 levels in coming days with the help of 3400 support level. 

Cash Charts

Kirloskar Industry Limited (KIRLOSIND)-

Kirloskar industry daily chart breakout in the Symmetrical Triangle Pattern with strong volume and price, now stock can move towards the 1800/2000 levels in coming days with the help of 1500 support level on the chart, if Kirlosar daily chart if fails to move upside and if price break the 1400 level and sustain below this we can see some major downside on the chart. 

Alkali Metals Limited (ALKALI)-

Alkali Metals weekly chart has given fresh breakout in the Rounding bottom pattern with strong volume as well as strong price, now price can move towards the 180-260 levels in coming days with the help of 100/80 support level on the chart. 

Alkali daily chart if fails to move upside if price break the 80 level we can see some fall in the price. 

North Eastern  Carrying Corporation Limited (NECCLTD)-

North Eastern Carrying Corporation weekly chart has given breakout in the chart and price is moving upside with strong volume as well price, now if the price break the 23 levels and sustain above this we can see some more upside towards the 40/60 levels in coming days with the help of 15 support level on the chart. 

NECCLTD daily chart if fails to move upside and if price breaks the 15 levels we can see some more consolidation between the 15 to 3 range. 

Ruby Mills Limited (RUBYMILLS)-

Ruby Mills Limited weekly chart has given breakout in the inverted head and shoulder pattern with strong volume and strong price, now stock can move towards the 440-520 levels in the coming days with the help of 300 support levels on the chart. 

Ruby Mills daily chart if fails to move upside and if price break the 300 level we can see some fall in the price. 

Shalimar Paints Limited (SHALPAINTS)-

Shalimar Paints Limited weekly chart has given a breakout in the strong cup and handle pattern with strong volume as well as strong price, now stock can move towards the 160-200 levels in the coming days with the help of 110-100 support level on the chart. 

Shalimar Paints daily chart if fails to move upside and now if price breaks the 100 level and sustain below this we can see some fall in the price. 

Praj Industries Limited (PRAJIND)-

Praj Industries Limited daily chart trading near the breakout level of Rectangle pattern with strong volume and price, now stock can move towards the 440/480+ levels in coming days with the help of 360 support level on the chart if Praj Industries daily chart if fails to move upside and if the price break the 360 level we can see more consolidation between the currently Rectangle range. 

Welspun Enterprises Limited (WELENT)-

Welspun Enterprises daily chart trading between the Symmetrical Triangle Pattern and now price is trading near the resistance level and now if price break the 104 level and sustain above this we can see some major upside in the chart and stock may move towards the 120-135 levels in coming days with the help of 92.00 support level on the chart. 

Welspun daily chart if fails to move upside and if price breaks the 92 levels and sustain below this we can see some fall in the price. 

Charts to Watch

Orbit Export Limited (ORBTEXP)-

Orbit Export Limited weekly chart trading in the Descending Channel pattern and now stock trying to move upside with strong volume, now price can move towards the 140-180 levels in coming days with the help of 90-80 support level on the chart. 

Orbit Export daily chart if fails to move upside and if price breaks the 90 levels we can see some more consolidation between the 90 to 50 range. 

Electrotherm (India) Limited (ELECTHERM)-

Electrotherm India Limited daily chart trading in the Rectangle Pattern or Cup and Handle pattern now if stock break the 170 level and sustain above this with the strong volume we can see some more upside towards the 230/300 levels in coming days with the help of 130 support level on the chart. 

Electrotherm weekly chart if fails to break out the resistance level we can see more consolidation between the 170 to 80 range. 

Manaksia Steels Limited (MANAKSTEEL)-

Manaksia Steels weekly chart has given breakout in the strong Curve Pattern with strong volume in the chart and strong price, now stock can move towards the 75-100 levels post-breakout with the help of 38 support level on the chart. 

Manaksia daily chart if fails to move upside and if price not able to break resistance we can see some more consolidation below resistance. 

Coffee Cafe Day Limited (COFFEEDAY)-

Coffee Cafe Daily chart has given breakout in the strong Rectangle Pattern with strong volume and strong price with last 4 days, now price can move towards the 100/140 levels in coming days with the help of 50 support level on the chart. 

Coffee Cafe day if fails to move upside and if price breaks the 50 levels we can see some more consolidation between the 50 to 20 range. 

Interglobe Aviation Limited (INDIGO)-

Interglobe Aviation daily chart perfectly moving as per Double bottom pattern and still the price is good here and we can see more upside in the chart and stock can move towards the 2280/2380 levels in coming days. 

Indigo daily chart if fails to move upside and if price breaks the 2000 level we can see some more consolidation between the 2000 to 1800 ranges. 

Info Edge Limited (NAUKRI)-

Info Edge Limited daily chart perfectly bounce from support and now price is trading near the resistance level and now if price breaks the 5750 level and sustain above this we can see some major upside towards the 6200-6800 levels in coming days with the help of 5400 support level on the chart. 

Info Edge if fails to move upside and if price breaks the 5400 level we can see some more consolidation between the chart. 

Gujarat Industries Power Co Limited (GICPL)-

GICPL daily chart trading near the handle in the cup and handle pattern, now if stock break the 100 level and sustain above this we can see some more upside towards the 125 to 145 levels in coming days with the help of 80 support level on the chart. 

GICPL daily chart if fails to break the resistance and if price breaks the 80 levels we can see some more consolidation and fall in the price. 

Commodity Charts

CRUDE OIL-

Crude Oil daily chart perfectly bounce from the Ascending Channel pattern support with strong movement, now price is trading near the resistance and now if price break the 6400 level and sustain above this we can see some major upside in the chart and Crude may move towards the 6800-7000 levels in coming days and if price fails to move upside and sustain below this we can see more fall in the price. 

NATURAL GAS-

Natural gas daily chart perfectly bounce from the support and now price trading near the breakout level and now price formed the hammer pattern or dragonfly Doji, now if Natural Gas break the 320 level and sustain above this we can see some major upside in the chart and NG again can move towards the 350-380 levels in coming days with the help of 300 support level. 

Natural Gas if fails to move upside and if price breaks the 300 level we can see some more consolidation between the 300 to 265 levels. 

ALUMINIUM-

Aluminum daily chart perfectly bounce from the rectangle pattern and price is moving upside with strong volume and price candlestick in last few days and now if the price break the 237 level and sustain here we4e can see some more upside towards the 256 levels in coming days with thehelp of 230 support level on the chart. 

Aluminum daily chart if fails to move upside and if price breaks the 230 level we can see some fall in the price. 

COPPER-

Copper Daily chart trading between the Rectangle Pattern and now price is trading near the middle line and now if price break the 730 level and sustain below this we can see some more downside towards the 700-690 levels in coming days and now if price break the 760 level and sustain above this we can see some major upside in chart and price can move towards the 800 resistance level. 

ZINC-

Zinc 4H chart trading in the uptrend and now price is trading in the Rectangle pattern and now if the price break the 295 level and sustain above this we can see some major upside in chart and stock can move towards the 308-324 levels in coming days with thehelp of 285 support level on the chart, now if zinc not able to break upside and now if price break the 285 level we can see some major downside in the chart. 

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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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