BlogChartBook170th ChartBook

170th 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’s Daily chart trading with some indecisive nature and now price is trading near the one more support level which is at 16200/150 level and now price formed the fresh range with 16800-16100 levels. If Nifty can break the 16150 level and sustain below this we can see some major fall in the price and if the price is not able to break the support and if the price breaks the 16800 resistance level we can see some major upside in the chart and this will lead some recovering in the Nifty. 

Nifty Bank-

Nifty Bank’s daily chart trading at fresh and strong horizontal support line and now price on Friday formed the indecisive candlestick here and this is an early sign of some recovery. If Nifty Bank is able to break the 36000 level and sustain above this we can see some possible and strong upside in the chart. If the Price Breaks the 34000 level and sustains below this we can see some possible strong downside in the chart and the price can fall towards the 32000/30000 levels post breakdown. 

Nifty Metal-

The Nifty Metal’s Daily chart now extend its range and now price is trading between the fresh and big Rectangle range, now price is trying to reverse from resistance after forming the Evening start and now price can move towards the 5800/5600 level which will be middle line support for the pattern. If Nifty Metal fails to reverse and if the price breaks the 6300 level we will have a fresh breakout in the chart and this will lead us to a strong upside in the Metal sector as per Chart analysis. 

Nifty Auto-

The Nifty Auto’s weekly chart perfectly reverses from resistance and after breaking our 10400 support level price strongly moving downside after huge indecisive formation near resistance and now price may move towards the 9200 level in coming days and this will be strong support. Nifty Auto currently trading in a fresh and strong range of 12000 to 9200 levels, and fresh breakout and breakdown will be outside of this range. 

Nifty Energy-

Nifty Energy’s Daily chart trading between the strong Rectangle Pattern, and now price trading near the horizontal resistance level and now price is trying to reverse from resistance with a strong candlestick, and now if price breaks the 24000 level and sustain below this we can see some major fall towards the 23600/22800 levels and if price not able to reverse and if the price break the 25200 level and sustains above this we can see some major upside in the chart. 

Nifty Media-

Nifty Energy’s daily chart moving downside after retesting the resistance which is formed by the Rectangle Pattern and now price can move towards the 1850-1750 levels in coming days with the help of 2100 resistance level on the chart. 

Nifty Energy’s daily chart if fails to move downside and if price breaks the 2100 level we can see some more strong consolidation between the 2100-2350-2500 levels as per the Rectangle Pattern. 

Breakout Charts

Wipro Limited (WIPRO)-

Wipro’s daily chart consolidated as major horizontal support and now price is trying to confirm for reversal and now the price has given fresh breakout in the Falling Wedge pattern with some strong candlestick with strong volume, now price can move towards the 620-660 levels in coming days with the help of 550/540 support level on the chart. 

Wipro’s daily chart, if fails to move upside and if the price is able to break the 520 level and sustains below this we can see some major fall in the price and this may lead the price towards the 460-420 levels with the 550 resistance level. 

Intellect Design Limited (INTELLECT)-

Intellect’s daily chart trading in the Rectangle Pattern and now price is reversing from support, and now price is confirming along with the strong volume, now if price able to break 685 level we can see some major upside towards the 740-820 levels in coming days with the help of 630 support level. 

If Intellect’s daily chart, if able to break the 600 level and sustain below this we can see some major fall in the chart. 

Tech Mahindra Limited (TECHM)-

Techm’s 4H Chart bouncing from major horizontal support and now price is given fresh breakout in the Descending Channel Pattern, now price can move towards the 1540-1680 levels in coming days with the help of 1360 support level on the chart. 

If Techm’s 4H chart fails to move upside and if price break the 1360 level we can see some major fall in the chart post breakdown. 

Birlasoft (India) Limited (BIRLASOFT)-

Birlasoft’s daily chart finally reversed from major horizontal support level and now price is moving upside with strong strong volume along with strong price, now if the price is able to break the 440 level we can see some major upside towards the 480-500 levels in coming days with the help of 420-400 support level on the chart. 

if Birlasoft’s not able to move upside and price break the 380 support level we can see some major fall in the chart according to price. 

Breakdown Charts

Aarti Industry Limited (AARTIIND)-

Aartiind’s daily chart has given a breakdown in the major Horizotnal Support level along with strong volume and price, now the price can move towards the 750/700 levels in the coming days with the help of 875 resistance level on the chart. 

Aartiind’s daily chart if fails to move downside and if price breaks the 900 level and sustain above this we can see some major upside in the chart. 

Motherson Sumi System Limited (MOTHERSUMI)-

Motherson Sumi’s daily chart perfectly moved as per the Rectangle pattern and Breakaways gap,now price given a breakdown in the fresh chart along with strong volume and price, now price can move towards the 110-100 levels in coming days with the help of 150 resistance level on the chart. 

Motherson Sumi’s daily chart if fails to move downside and if price able to claim the 152 level we can see some major upside in the chart. 

Navin Fluorine Limited (NAVINFLUOR)-

Navin Fluorine’s daily chart trading between the Rectangle Pattern and inside the rectangle pattern price formed the inverted pole and flag pattern, and now price is falling with strong volume and price, now price can move towards the 3300-3200 levels in coming days with the help of 3800 resistance level on the chart. 

if Navin Flourine fails to move downside we can see some consolidation between the upper range of Rectangle Pattern in 3700 to 4300 levels range. 

Bosch Limited (BOSCH)-

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. 

Lupin Limited (LUPIN)-

Lupin’s daily chart perfectly moves as per the inverted head and shoulder pattern and now price given breakdown in the strong price, and now price can move towards the 600-560 levels in coming days with the help of 760 resistance level on the chart. 

If Lupin’s daily chart fails to move downside and if the price is able to claim 760 level we can see some major upside in the chart. 

Cash Charts

Mahanagar Telephone Network Limited (MTNL)-

MTNL’s Daily chart took support at the Diagonal Support line and now the price is trying to bounce from here with strong volume and price, now price can move towards the 32-38 levels in coming days with the help of 22/20 support level on the chart. 

If MTNL’s daily chart fails to move upside and if the price is able to break the 20 levels we can see some major fall in the chart. 

La Opala RG Limited (LAOPALA)-

La Opala’s weekly chart is trading at the recent breakout level and now the price is taking support and trying to bounce from here, now the price can move towards the 400-450 level in the coming days with the help of 320 support level. 

If La Opala’s weekly chart fails to move upside and if the price breaks the 300 level we can see some major fall in the chart. 

Healthcare Global Limited (HCG)-

Healthcare Global’s weekly chart trading in Pole and flag pattern and now if price able to break the 260 level and sustain above this we can see some major upside towards the 320-340 levels in coming days with the help of 230 support level on the chart. 

if Healthcare Global’s weekly chart fails to break resistance we can see some consolidation between the 220 to 270 level and a breakdown below 220 level for the major downside. 

Maheswari Logistic Limited (MAHESHWARI)-

Maheswari’s daily chart trading at major horizontal support line and now price bounced with strong volume and price, but we need still confirmation here if price able to break 100 level we can see some major upside in the chart and price will move towards the 130/140 levels in coming days.

if Maheswari’s Daily chart is not able to move upside and if the price is able to break the 650 level we can see some major fall in the chart. 

TTK HealthCare Limited (TTKHLTCARE)-

TTK Healthcare’s weekly chart forming the Cup and Handle pattern, and now price is trying to bounce here with strong volume and price, If price is able to break the 800 level and sustains above this we can see some major upside in the chart and stock can move towards the 1100-1400 levels with the help of 655 support level. 

If Ttkhltcare’s weekly chart fails to move upside and if the price is able to break 600 level we can see some major fall in the chart. 

Charts to Watch

Escort Limited (ESCORT)-

Escort’s 4H Chart still trading between the strong Rectangle Range, and now the price may consolidate more between this range, and now if price able to break the 1775 level we can see some major fall in the chart and if Escorts able to break the 1920 level and sustains above this we can see some major upside in the chart. 

Siemens India Limited (SIEMENS)-

Siemens India’s daily chart trading between the strong Ascending Channel pattern and now price is trying to break the range, now if price able to break the 2250 level and sustains below this we can see some major fall in the chart and if price not able to break this support we can see some more consolidation between the 2250 to 2600 levels range. 

PolyCab India Limited (POLYCAB)-

Polycab’s daily chart trading between the Rectangle Pattern and now price is consolidated between the range, and now if price able to break the 2160 level and if sustains below this we can see some major fall towards the 1900-1800 levels in coming days and if price able to break the 2600 level and sustains above this we can see some major upside in the chart. 

Britannia Industry Limited (BRITANNIA)-

Britannia’s daily chart trading at the major support level and now price is forming some indecisive candlesticks for reversal and now if the price is able to break the 3500 level we will have fresh reversal confirmation and the price can move towards the 3800-4100 levels in coming days with the help of 3300 support level on the chart. 

Commodity Charts

GOLD-

Gold’s daily chart perfectly moving as per chart and now price is trading near resistance level and now if price able to break the 53000 level and sustains above this we can see some major upside towards the 56000-58000 levels in coming days with the help of 51000 support level on the chart. 

If Gold’s daily chart fails to break the resistance, we can see some more and strong consolidation between the 53000-48200-44000 levels. 

SILVER-

Silver’s daily chart moving in upside and now the price break the middle line with a strong price, and now the price can move towards the 74000-77900 levels in the coming days with the help of the 67000 support level on the chart. 

if Silver’s daily chart fails to move upside and if price break the 67300 level we can see some major fall in the chart. 

CRUDEOIL-

Crude oil’s daily chart perfectly moves in upside and still price looking good here and this price can move towards the 9000-9300 levels in coming days with the help of 8200 support level on the chart. 

Crude oil’s daily chart if fails to move upside and price break the 8000 level we can see some consolidation between the 8400 to 7200 range. 

COPPER-

Copper’s daily chart has given breakout in the strong rectangle pattern and now price moving with strong price and price can move towards the 900-960 levels in coming days with the help of 810 support level on the chart. 

If Copper’s daily chart fails to move upside and if the price breaks the 800 level we can see some more and strong consolidation between the 800-750-690 levels in the range. 

LEAD-

Lead’s daily chart trading between the strong consolidation range of Rectangle Pattern, we can see some more consolidation here between the 192 to 180 levels, and now if price able to break the 180 level we can see some major fall in the chart and if price able to break the 192 level we can see some major bounce in the chart. 

ZINC-

Zinc’s daily chart perfectly moving in uptrend and this movement getting stronger with strong candlesticks formation, now price can move towards the 350-370 levels in coming days with the help of 325 support 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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