BlogChartBook169th ChartBook

169th 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 last week shown us strong volatile movement and still looking for the same, and now Nifty expended his Rectangle range, and now the price has a fresh range between the 16200-17400-18400 levels. If Nifty is able to break the 16200 level and sustains below this we can see some major fall towards the 15700-15400 levels and if the price is not able to break this support level and if price breaks the 16800 level we can see some possible recovery on the chart and price can move towards the 17400 levels which are the middle line of Rectangle pattern in the chart. 

Nifty Bank-

Nifty Bank chart trading below the Rectangle Pattern and price is still not able to gain the Rectangle range after Friday bounce, now if price breaks the 36800 level we can see some possible upside in the chart and price may consolidation between the 36800-38000-39500 levels in Rectangle. If the price fails to move upside and if the price is able to break the 35200 level we can see some major fall and the price can move towards the 34000 level which is major support in the chart and if Bank Nifty breaks the 34000 level we can see some major fall in the chart. 

Nifty Metal-

The Nifty Metal daily chart consolidating between the strong Rectangle Pattern range, and now price bounce from the Middle line and formed strong candlesticks pattern, now if Price able to break the 5950 level and sustains above this we can see some major upside in the chart and price can move towards the 6300-6600 levels in coming days with the help of 5400 support level on the chart and if Nifty Metal daily chart able to break the 5000 levels and sustains below this we can see some major fall towards the 4500-4200 levels in coming days with the help of 5200 resistance levels. 

Nifty Media-

Nifty Media perfect moving as per Rectangle pattern and now price on Friday bounce with some strong intent, if price able to break the 1880 level and sustains below this we can see the extent in the fall and price can move towards the 1760-1680 levels in coming days with the help of 2040 resistance level. 

Nifty Media daily chart if break the 2080 level upper side we can see some more consolidation between the strong Rectangle Range between the 2080-2280-2480 levels. 

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 Energy-

Nifty Energy perfectly reverse after the breaking Rectangle pattern and now price on Friday create some mess with strong price, now if price break the 22800 level and sustains below this we can see some major fall towards the 22200/21600 levels in coming days with the help of 23400 level and if price bounce from here and if price break the 23800 level we can see some more consolidation between the 24000 to 25300 levels and fresh major breakout above 25300 level on the chart. 

Breakout Charts

Dixon Technologies Limited (DIXON)-

Dixon Technologies Daily chart trading at support zone between 4000 to 3800 levels, and now price is bouncing with strong volume as well as price, and now the price may move towards the 4800-5600-6200 levels in coming days with the help of 4000 support level on the chart pattern. 

Dixon is trading at the major support level and now if the price breaks the 3800 level and sustains below this we can see some major fall towards the 3400/3000 levels in coming days with the help of the 4300 resistance level on the chart. 

Gujarat Narmada Limited (GNFC)-

GNFC daily chart trading at a strong level and strong price, now if price break the 575 level and sustains above this we can see some major upside towards the 625-675 levels in coming days with the help of 520 support level on the chart, and the same view is showing by weekly chart and we need to just wait to break the resistance for a fresh strong upside move. 

GNFC daily chart if fails to move upside and if price breaks the 500 level we can see some fall and consolidation between the 500 to 420 levels in the chart. 

Biocon Limited (BIOCON)-

BIOCON daily chart moving as per the Rectangle pattern and now price bounce from support and now if price break the 400-410 level and sustains above this we can see some major upside towards the 430-460 levels in coming days with the help of 375 support level on the chart. 

Biocon daily chart if fails to break the resistance level and if price breaks the 370 level lower side we can see some major consolidation between the 370 to 320 levels in the chart, and if Biocon breaks the 320 level we can see some major fall in the chart. 

Cholamandalam Investment and Financial Limited (CHOLAFIN)-

Cholafin daily chart trading at the Rectangle Pattern breakout level with some consolidation and now if price break the 700-710 level we will have fresh breakout and this must be confirm with volume, if price able to do we can see some major upside towards the 750-820 levels in coming days with the help of 640-650 support level on the chart. 

Cholafin daily chart if breaks the 640/630 level and sustains below this we can see some more consolidation between our Rectangle range 660-560-480 levels in the chart. 

Breakdown Charts

SBI Life Insurance Limited (SBILIFE)-

SBI Life daily chart has given a breakdown in the Rectangle pattern and now price is falling with strong volume as well price, now if price break the 1040-1035 level and sustains below this we can see some major fall towards the 980-940 levels in coming days with the help of 1100-1120 resistance level on the chart. 

SBI Life daily chart if fails to move downside and if price able to break the 1100 level we can see some more consolidation between our old Rectangle Pattern 1100-1200-1300 levels. 

JK Cements Limited (JKCEMENT)-

JK Cements daily chart trading at Horizontal Support level and now if price break the 2700 level and sustains below this we can see some major fall towards the 2500-2300 levels in coming days with the help of 3000 resistance level on the chart.

JK Cement daily chart if fails to break the support level and if price breaks the 3000 level we can see some possible bounce towards the 3300-3600 levels in coming days with the help of 2700 support level. 

Power Finance Corporation Limited (PFC)-

Power Finance Corporation daily chart trading in Support zone, but the price is falling with strong volume and strong price, now if price break the 104-100 level and sustains below this we can see some major fall towards the 92-84 levels in coming days with the help of 112-114 resistance level on the chart. 

PFC daily chart if fails to break the support and if price breaks the 116-120 level and sustains above this we can see some major bounce the chart pattern. 

Cash Charts

Madhav Limited (Madhav)-

Madhav daily chart trading between the Rectangle Pattern and now price is bouncing and volume also supporting this, if price able to sustain here above 60 levels we can see some bounce towards the Rectangle’s next resistance at 74 levels and if price able to break the 74 levels we can see a breakout and this will lead us towards the 90-110++ levels in coming days with the help of 50 support level. 

Madhav’s daily chart is trading near the middle line, if the price is not able to break the 60 levels we can see some more consolidation between the 60 to 48 levels, and if price break the 48 level and sustains below this we can see some major fall in the chart. 

Birla Cable Limited (BIRLACABLE)-

Birla Cable’s daily chart moving as per the Cup and Handle pattern and now if the price is able to break the 140 level we will have the second wave of movement and stock can move towards the 180-210 levels in the coming days with the help of 110 support level on the chart. 

Birla Cable’s daily chart if fails to move upside and if price break the 110 level and sustains below this we can see some fall and consolidation between the 70 to 110 level in the chart. 

Advance Enzyme Limited (ADVENZYMES)-

Advenzymes weekly chart taking support at recent resistance level which is working as the support level, and now price is trying to bounce with strong volume and price with strong volume, and we can confirm this with the daily chart. Daily Chart showing us strong bounce with strong volume, now if price able to break the 320 level we can see some major bounce and this will lead our chart towards the 380-440 levels in coming days with the help of 260 support level. 

Advaenzyms daily chart if fails to move upside and price able to break the 360 level we can see some major fall towards the 200-180 levels. 

Orient Bell Limited (ORIENTBELL)-

Orient Bell daily chart has given breakout in the Pole and Flag pattern with strong volume in last few days and now price can move towards the 650-750 levels in coming days with the help of 520-500 support level on the chart. 

Orient Bell daily chart if fails to move upside and if price breaks the 500 level we can see some fall in the chart and price can fall up to 400 levels.

Charts to Watch

Indiamart Intermesh Limited (INDIAMART)-

Indiamart Intermesh daily chart trading at major Horizontal Support level and the price started consolidating in the range, now if price breaks the 5500 level and sustains above this we can see some major upside towards the 6400-7600 levels with the help of 4400 support level. 

Indiamart is trading at the major Horizontal Support level, so if the price breaks the 4400 level and sustain below this we can see some major fall towards the 3600-2800 levels. 

Apollo Hospitals Limited (APOLLOHOSP)-

Apollo Hospitals daily chart trading in the Rectangle Pattern and now price is trading with strong consolidation and now if price able to breathe 4800 level and sustains above this we can see some major upside towards the 5200 to 5800 levels in coming days with the help of 4400 support level. 

Apollohosp daily chart if fails to break the resistance and if price break the 4000 level and sustain below this we can see some major fall and stock can move towards the 3600-3200 levels with the help of 4800 resistance level. 

Fine Organic Limited (FINEORG)-

Fine Organic Daily chart has given breakout in the pattern and now price can move upside with strong volume and price, but we need some additional confirmation here if price able to break the 4400 level and sustains above this we can see some major upside towards the 5000-5300 levels in coming days with the help of 4000 support level on the chart. 

Fine Organic daily chart if break the 4000 level we can see some possible fall in the price. 

DLF Limited (DLF)-

DLF daily chart bouncing from support with strong volume in last 4 days and now if price able to break the 350 level and sustains abvoe t his we can see some major upside towards the 390-430 levels in coming days with the help of 320-310 support level. 

DLF daily chart if break the 300 level and sustains below this we can see some major fall towards the 270-240 levels post breakdown in the chart. 

Britannia Limited (BRITANNIA)-

Britannia Limited daily chart trading at the major horizontal support level and now price is forming the Dragon Fly pattern and now if price breaks the 3500 level and sustains above this we can see some major upside towards the 3800-4200 levels in coming days with the help of 3200 support level on the chart. 

Britannia daily chart trading at the major support level and now if price breaks the 3200 level and sustains below this we can see some major fall towards the 3000-2700 levels in coming days with the help of 3600 resistance level 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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