BlogChartBook168th ChartBook

168th 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 trading at Middle Line of bigger Rectangle pattern and now price is trading here with some indecisive nature of movement and, if price able to sustain below this middle line we can see some fall towards the support line and if price able to sustain above this Middle line we can see some upside towards the upper line and major upside-only post-breakout in the rectangle pattern above 18400 levels. 

Nifty Bank-

Nifty Bank chart moving perfectly as per our wave and now price trading at A point and now if price able to break the 39600 level and sustains above this we can see some major upside towards the 41000/42000 levels in coming days with the help of 37600 support level on the chart and if price not able to break the resistance we can see some more consolidation between the 39600 to 36400 levels between the consolidation range. 

Nifty Bank daily chart if breaks the 36000 level and sustain below this we can see some major downside in the chart and price can move towards the fresh swing low. 

Nifty Metal-

The nifty Metal daily chart fails to move upside even after breakout and now the price is trading between the Rectangle pattern, and now the price will consolidate between the old range and now we can see some more consolidation between the 5900-5400-5000 levels in coming days. 

Nifty Metal can break the 5900 level and sustain above this we can see some major upside towards the 6200-6500 levels in coming days with the help of the 5600 support level and if Nifty Metal breaks the 5000 level and sustain below this we can see some major downside towards the 4500-4000 levels with the help of 5200 resistance level on the chart. 

Nifty Media-

Nifty Media trading between the Rectangle Pattern and now price is trading near the middle line and we can see some more consolidation between the lower range 2300 to 2080 levels. Nifty Media has a strong and big range between the 2500-2000 levels and breakout and breakdown will take place outside this range. 

Nifty Auto-

The Nifty Auto daily chart is trading near the major resistance level or multi-year resistance, now if the price break the 12000 level and sustains above this we can see some major upside towards the 12500-13000-13500 levels post-breakout, and if the price fails to break the 12000 resistance level we can see some more consolidation here between the small consolidation range 10400 to 12000 levels. 

Nifty FMCG-

Nifty FMCG’s daily chart perfectly took support at Horizontal Line and now price is trading between the small consolidation range between the 38400 to 35600 levels and now if price breaks the 38400 level and sustain this we can see some major upside towards the 40000/42000 levels in coming days with the help of 37000 support level. If price not able to break the resistance out we can see some more consolidation between the currently range 38400 to 35600 levels and fresh breakdown below the 35600 level. 

Nifty Energy-

Nifty Energy Daily chart trading near the resistance level and now price is consolidating at the resistance level and we can see more consolidation between the 25500-23800 levels, and this range will decide the future of index and if price breaks the 25500 level and sustain above this we can see some major upside in the chart and if price not able to break the resistance and if the price break the 23800 level and sustains below this we can see some major fall in the price. 

Nifty IT-

Finally, after 1 Month, we can now change the range of Rectangle as the price is trading with fresh support in Rectangle pattern, now we have a range with 37600 to 33200 levels for the pattern.

Nifty IT trading between the fresh range and now price is trying to consolidating at lower range with some indecisive candlesticks, now if price able to break the 35600 level and sustain above this we can see some upside towards the 37300 levels in coming days and if price able to break the 33200 level we can see some major fall in the Nifty IT. 

Breakout Charts

Laurus Labs Limited (LAURUSLABS)-

Laurus Labs perfectly bounce from our chart and now the price is trading near the resistance line and now if price is able to break the 560 level we will have rectangle pattern breakout confirmation and the price can move upside towards the 620-660 levels in coming days with the help of 520 support level on the chart. 

Laurus Labs yesterday tried to break the rectangle pattern but was not able to sustain above the resistance and now the price started trading between the rectangle pattern we can see some more consolidation between the 560 to 450 levels. 

Coal India Limited (COALINDIA)-

Coal India trying to bounce from support and now the price is forming the Ascending Triangle pattern and now if the price is able to break the 170 level and sustain above this we can see some major upside towards the 183/196 levels in the coming days with the help of 160 support level on the chart. 

Coal India daily chart if fails to move upside and if price breaks the 160 level we can see some fall in the towards the recent support level on the chart. 

Bajaj Auto Limited (BAJAJAUTO)-

Bajaj Auto Daily chart trading in upside and now if price able to break the 3650 level we will have a fresh breakout in chart and price can move towards the 3900-4100 levels in coming days with the help of 3400 support level on the chart. 

Bajaj Auto daily chart if fails to break the resistance level we can see some more consolidation between the 3400 to 3650 levels and a fresh breakdown below the 3400 level. 

Berger Paints Limited (BERGER PAINT)-

Berge Paints daily chart trading in the Rectangle pattern and now price is trying to bounce from the support, with strong volume and price, now if the price break the 743/750 level and sustain abvoe this we can see some upside towards the 780-850 levels in coming days with the help of 700 support level on the chart. 

Berger Paints if fails to move upside and now if price breaks the 700 level and sustains below this we can see some major fall towards the 640-600 levels post breakdown with the help of 730 resistance level on the chart. 

Breakdown Charts

Nippon Liam Limited (NAMINDIA)-

Nippon Liam Limited daily chart trading in the Head and Shoulder pattern and now price break the neckline with some kind of bearish candlesticks patterns, now price can move towards the 280-250 levels in coming days with the help of 320 resistance level on the chart. 

Nippon Liam if fails to move downside and if price breaks the 330 level we can see some upside in chart and price can move towards the 360-390 levels post reversal confirmation. 

Alembic Pharmaceuticals Limited (APLLTD)-

Alembic Daily chart has given a breakdown in the Inverted Cup and handle pattern and now price is moving downside with strong volume as well as with strong candlestick, now price can move towards the 630-600 levels in coming days with the help of 760 resistance level on the chart. 

Alembic Pharma trading below breakdown, if price able to break 760 level and sustains above this we can see some major reversal in the Rectangle pattern. 

Ultratech Cement Limited (ULTRACEMCO)-

Ultratech Cement daily chart has given a breakdown in the Recxtangle Pattern and now price is moving downside with strong volume and price, now price can move towards the 6600-6400 levels in coming days with the help of 7200 resistance level on the chart. 

Ultratech Cement, if fails to move downside and if the price break the 7200 level we can see some possible reversal or consolidation between the Rectangle Pattern. 

Ambuja Cement Limited (AMBUJACEM)-

Ambuja Cement daily chart trading at Major Support just like a Mannpuram Finance, and price falling with strong volume and price, now if price able to break 335 level we can see some major fall towards the 310-290 levels in coming days with the help of 350 resistance level on the chart. 

Ambuja Cement, if fails to move downside and if the price breaks the 370 level we will have some reversal confirmation on the chart. 

Piramal Enterprises Limited (PEL)-

Piramal Enterprises’ daily chart has given a breakdown in the Rectangle Pattern, with strong volume and price, now price can move towards the 2000-1900 levels in coming days with the help of 2300 resistance level on the chart. 

Piramal Enterprises’ daily chart, If fails to move downside and if price breaks 2300 upside we can see some movement towards the upside inside the Rectangle pattern. 

Apollo Tyres Limited (APOLLOTYRES)-

Apollo Tyres is trading between the Strong Rectangle Pattern and now if the price is able to break the 200 level we will have a fresh breakdown in the chart and the price can start falling with some strong movement and price can move towards the 180-160 levels in coming days with the help of 215 resistance level on the chart. 

Apollo Tyres if fails to move downside we can see some more consolidation between the current Rectangle range 200-225-250 levels. 

Cash Charts

GRP Limited (GRPLTD)-

GRP Limited weekly chart moving with some strong volume and price, now if price able to break the 1600 level we can see some major upside towards the 1800-2000 levels in coming days with the help of 1400 support level on the chart. 

If Price is not able to break the 1600 level we can see some more consolidation between the 1200 to 1600 level in the chart. 

Kamat Hotels Limited (KAMATHOTEL)-

Kamat Hotels Limited’s weekly chart forms the rounding bottom pattern or we can call it the cup and handle pattern, now the price is moving with strong volume and price. If stock is able to cross the 65 levels we can see some major upside towards the 90-130 levels in the coming days with the help of 50 support level on the chart. 

Kamat Hotels is trading near the breakout, if the price is not able to break the 65 levels we can see some more consolidation between the 40 to 65 level in the small rectangle pattern. 

Royal Orchid Hotel Limited (ROHLTD)-

Royal Orchid weekly chart formed the cup and handle pattern and now price is moving with strong volume as well as price, now price can move towards the 150-200 levels in coming days with the help of 90-80 support level on the chart. 

Royal orchid weekly chart if fails to move upside and if price falls below 80 levels we can see some fall in the chart. 

CL Educate Limited (CLEDUCATE)-

CL Educate weekly chart moving as per rounding bottom pattern and now price is trying to break the pole and flag pattern, if the price is able to cross 127 level we will have a fresh breakout and stock can move towards the 185-220 levels in coming days with the help of 100 level on the chart. 

Times Guaranty Limited (TIMESGTY)-

Times Guaranty weekly chart trying to break the rectangle pattern with strong volume and price, now if stock able to sustain here above 100 level we can see some strong movement towards the 140/180 levels in coming days with the help of 70 support level on the chart. 

Times trading between the rectangle pattern, if price falls below 80 levels we can see some more consolidation between the rectangle pattern. 

The Byke Hospital Limited (BYKE)-

Byke Hospital Limited weekly chart forms the Rounding bottom pattern and still, the price is not able to break the breakout level at 43 levels. If the price is able to break the 43 levels and sustains above this we can see some major upside towards the 70/90 levels in the coming days with the help of the 25 support levels on 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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