BlogChartBook172nd ChartBook

172nd 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 perfectly bounced from support after forming the Bullish Engulfing at support and price gave breakout in the fresh range and price formed candlestick after forming gap and now if price able to break the 17400 level and sustains abvoe this we can see some major upside towards the 18000-18400 levels with the help of 17000 support level. 

If Nifty’s daily chart breaks the 17200 level and this will lead to us gap-filling the chart, and if price is able to break the 16800 level and sustains below this we can see some major consolidation between the 16000 to 17000 range. 

Nifty Bank-

Nifty Bank’s daily chart bounced from support after making Piercing pattern and now price gain so much after formation, if price able to break 36800 level and sustains above this we can see some major upside towards the 38500-40000 levels in coming days with the help of 35500 support level on the chart. 

If Nifty Bank’s daily chart is not able to break the nearest resistance 36800 level we can see some consolidation between small range 36800 to 35000 levels. 

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 trading near the resistance level ji, if the price break the 6350 level and sustains above this we can see some major upside in the chart and this will fresh breakout in my favorite pattern. 

If Nifty Metal’s chart is not able to move upside and if the price breaks the 5900 level we can see some fall in the chart and this will lead to some consolidation between the Rectangle Range 6400 to 5000 levels. 

Nifty Auto-

The Nifty Auto’s daily chart trading in Rectangle pattern, and now price bouncing from support after forming the Piercing Pattern and now price may continue the upside in coming days we can see some major upside towards the 11600-12300 levels with the help of 10000 support level on the chart. 

Nifty Auto’s daily chart if not able to move upside and if the price break the 9400 level and sustains below this we can see some major fall in the chart. 

Nifty Energy-

Nifty Energy’s Daily chart trading between the strong Rectangle Pattern, and now price trading near the horizontal resistance level, if price is able to break the 25500 level and sustains above this we can see some major upside towards the 27500-29000 levels in coming days with the help of 24500 support level on the chart. 

Nifty Energy’s daily chart if fails to break the resistance we can see some more consolidation between the 25500 to 22250 levels. 

Nifty Infra-

Nifty infra’s daily chart perfectly bounce from support and now price break the nearest resistance and now price start moving upside and this will lead us towards the 5100 to 5300 levels in coming days with the help of 4700 support level on the chart. 

If Nifty Infra’s daily chart is not able to break the resistance and if the price break the 4800 level we can see some more consolidation between the 4800 to 4500 levels.  

Nifty Pharma-

Nifty Pharma’s daily chart perfectly bounce from support and now price is moving upside with big candlesticks and now if price able to break the 13700 level and sustains abvoe this we can see some major upside towards the 14000-14300 levels in coming days with the help of 13400 support level on the chart. 

If Nifty Pharma’s daily chart is not able to break the 13600 level we can see some more consolidation between the 13600 to 12400 range. 

Nifty Finance-

Nifty finance’s Daily chart perfectly bounce from rectangles Support after forming a Piercing pattern, now price trading near the middle line and now if price able to break 17200 level we can see some major upside in the chart and this will lead as the fresh range between the 15000-17200-19800 levels in coming days. 

Nifty Finance’s daily chart if fails to move upside and if price not able to break the middle line we can see some more consolidation between the 17200 to 14500 range. 

Breakout Charts

United Spirits Limited (MCDOWELL_N)-

Mcdowell_N daily chart has given breakout in the Descending Channel Pattern with strong volume and price, now price can move towards the 980-1000 levels in coming days with the help of 880/900 support level on the chart. 

If Mcdowell_N’s daily chart fails to move upside and if the price break the 880 level and sustains below this we can see some consolidation between the 900 to 780 pattern range. 

Coromandel International Limited (COROMANDEL)-

Coromandel’s daily chart has given breakout in the inverted head and shoulder pattern with strong volume and price, now price can move towards the 900-960 levels in the coming days with the help of 820/810 support level on the chart. 

Coromandel’s daily chart if break the 800 level and sustains below this we can see some fall in the chart this will be consolidation between the 720 to 810 range. 

Cholamandalam Finance and Service Limited (CHOLAFIN)-

Cholafin’s daily chart moving as per the recent chart and now the price is moving upside with strong price and this will lead the price towards the 750-790 levels in the coming days with the help of 700-685 support level on the chart. 

If Cholafin’s daily chart breaks the 675 support level we can see some fall and this will lead us in consolidation between the 675 to 500 rectangle range. 

Icici Lombard General Insurance Limited (ICICIGI)-

ICICIGI’s daily chart trading between the Rectangle Pattern and price is trading near the support level and price consolidating here and now if the price is able to break the 1280/90 level and sustains above this we can see some major upside towards the 1400 level which is the middle line of Rectangle pattern on the chart with the help of 1200 support level. 

If ICICIGI’s daily chart is not able to move upside and if the price is able to break the 1200 level and sustains below this we can see some major fall with the help of the 1270 resistance level on the chart. 

SRF Limited (SRF)-

SRF’s daily chart trading between the Rectangle Pattern and currently price moving upside with strong volume, now if price able to break the 2680 level and sustains above this we can see some major upside towards the 2900-3100 levels in coming days with the help of 2600-2500 support level on the chart. 

If SRF’s daily chart trades between the rectangle pattern and if the price is not able to break the resistance we can see some more consolidation between the 2700 to 2000 levels in the chart. 

Trent Limited (TRENT)-

Trent’s Daily chart perfectly moved as per the recent chart and now the price is moving upside with strong volume and price, now if the price is able to break 1290 level again we can see some major upside and this will lead us for major upside with the help of 1225 support level on the chart. 

If Trent’s chart is not able to move upside and if the price breaks the 1200 level and below this, we can see some more consolidation between the 1200 to 1000 levels. 

Breakdown Charts

Infosys Limited (INFY)-

Infosys’ daily chart trading near the resistance level and now price falls from the resistance after forming the bearish engulfing pattern and now if price able to sustain below 1835 level we can see some major fall and this will lead the price towards the 1760-1680 levels in coming days with the help of 1880-1900 resistance level on the chart. 

If Infosys’ daily chart fails to move downside and if the price is able to break the 1950 level and sustains above this we can see some major upside in the chart and this will lead us towards the 2100-2200 levels with the help of 1850 support level. 

Apollo Hospitals Limited (APOLLOHOSP)-

Apollo Hospitals’ 4H Chart trading near the resistance level and now price is falling from resistance now if the price breaks the 4800 level and sustains below this we can see some major fall towards the 4500-4300 levels in the coming days with the help of 5000 resistance level on the chart. 

If Apollo Hospitals’ 4h chart is able to break the 5100 level and sustains above this we can see some major upside in the chart with the help of 4700 support level. 

Honeywell Auto Industry Limited (HONAUT)-

Honaut’s daily chart trading near the lower line in the Rectangle Pattern, now if price able to break the 38000 level we can see some major fall in the chart and this may lead us to fall towards the 36000-34000 levels in coming days with the help of 41000 resistance level on the chart. 

If Honaut’s daily chart is not able to break the 38000 level and this will lead us to consolidation between our range 50000 to 38000 level and we can see some bounce from the support as per the chart. 

Oberoi Realty Limited (OBEROIRLTY)-

Oberoi Realty’s Daily chart trading inside the Rectangle Pattern and now price is trading at middle line and formed the piercing pattern, now if price break the 900 level and sustains below this we can see some major fall towards the 850-800 levels in coming days with the help of 940/930 resistance level on the chart. 

If Oberoi Realty’s daily chart breaks the 930-935 level we can see some major bounce in the chart and consolidation will be between 1050 to 920 range. 

Cash Charts

Timken India Limited (TIMKEN)-

Timken’s daily chart has given breakout in the Pole and Flag pattern with strong volume and price, now stock can move towards the 2500-2700 levels in coming days with the help of 1900 support level on the chart. 

If Timken’s daily chart fails to move upside and if price beak the 2100 level we can see some more consolidation between the 2150 to 1800 levels. 

Southen Petrochem Limited (SPIC)-

Spic’s daily chart moving upside with strong volume and price not moving upside and now if price able to break 68 level and sustains above this we can see some major upside towards the 78-90 levels in coming days with the help of 58 support level on the chart. 

if Spic’s daily chart fails to move upside and if the price breaks the 57 levels we can see some more consolidation between the 68 to 45 levels in the range. 

Brigade Enterprises Limited (BRIGADE)-

Brigade’s 4H Chart trading between the Rectangle Pattern and now price is moving upside with strong volume, now if price able to break the 530 level and sustains above this we can see some major upside and this will lead the stock to move towards the 570-600 levels with the help of 500 support level on the chart. 

If Brigade’s chart is not able to break the 530 level we can see some more consolidation between the 530 to 420 levels. 

5 Paisa Capital Limited (5PAISA)-

5Paisa Capital’s daily chart perfectly bounced from the Horizontal support line and now the price is moving upside with strong price formation with strong volume, now price can move towards the 460-560 levels in coming days with the help of 320/300 support level on the chart. 

5Paisa Capital’s daily chart if fails to move upside and if price breaks the 300 level we can see some major fall in the chart. 

North Eastern Limited (NECCLTD)-

North Eastern’s weekly chart moving as per the Rounding Bottom pattern and now price is moving upside and now if the price break the 25 levels and sustains above this we can see some major upside towards the 35 to 50 levels in coming days with the help of 19 support level on the chart. 

If North Eastern’s weekly chart fails to move upside we can see some more consolidation between the 18 to 25 range. 

Kirloskar Ind Limited (KIRLOSIND)-

Kirloskar Ind’s Daily chart has given breakout in Descending Channel Pattern and now price is moving upside with volume in last 7 Days and now if price able to break 1670 level and sustains above this we can see some major upside towards the 1900-2100 levels in coming days with the help of 1550-1500 support level on the chart. 

Kirloskar Ind’s daily chart if break the 1500 level we can see some fall and if price breaks the 1300 level we can see some major fall in the chart. 

Charts to Watch

Emkay Global Limited (EMKAY)-

Emkay Global’s daily chart formed the Cup and handle pattern or we can also treat this pattern as a pole and flag pattern, if break able to break the 140 level we will have a fresh breakout in the chart patterns and currently price is bouncing from support with strong volume and price, and this will lead for some major upside in the chart. 

If Emkay’s daily chart fails to move upside and if the price is able to break the 100 level we can see some major fall in the chart. 

Godrej Properties Limited (GODREJPROP)-

Godrejprop’s Daily chart perfectly bounce from support after forming the Island gap and now the price is also given breakout in Descending Channel pattern in small time frame charts. Now, the price can move towards the 1700-1900 levels in the coming days with the help of 1500 support levels on the chart. 

If Godrejprop’s daily chart is not able to move upside and if the price breaks the 1400 level we can see some more consolidation between the 1400 to 1200 levels and this is the strong zone for the current chart. 

RPG Life Science Limited (RPGLIFE)-

Rpglife’s daily chart bouncing from Horizontal Support with strong volume and price, and now price is moving upside and now price can move towards the 680 to 740 levels in coming days with the help of 520 support level on the chart.

If Rpglife’s daily chart fails to move upside and if the price breaks the 480 level we can see some major fall in the chart. 

Jsw Steel Limited (JSWSTEEL)-

Jsw Steel’s daily chart has given breakout in Descending Channel pattern and now price is moving upside with some volume and now if price able to hold the 700 level and sustains above this we can see some major upside towards the 740 to 780 levels in coming days with the help of 660 support level on the chart, and if we see this chart in other way we can see Rectangle Pattern formation in the chart and this will lead breakout above the 760 level. 

If Jsw Steel’s daily chart is not able to move upside and if the price able to break the 640 level we can see some fall and consolidation between the Descending Channel Pattern. 

Commodity Charts

CRUDEOIL-

Crude Oil’s daily chart bounced from recent resistance level and now price is moving upside with strong price, and now if price able to hold the 8000 level we can see some upside and bounce and if price not able to move upside and if price able to break the 7100 level and sustains below this we can see some major fall in the chart with the help of 7300 resistance levels. 

SILVER-

Silver’s daily chart trading between the Rectangle Pattern and now price is trying to reversal from the resistance, and now if price able to break the 67000 level and sustains below this price may fall towards the 65000 to 60000 levels in coming days with the help of 70000 resistance level on the chart. 

Silver’s daily chart bounced from recent price and if price able to break the 69000 level and sustains above this we can see some major bounce towards the 73000 levels and if price able to break the 73000 level we will have fresh and strong movement in coming days. 

COPPER-

Copper’s Daily chart taking support near recent breakout in Rectangle Pattern and now price is moving upside and now if price able to break the 820 level and sustains above this we can see some major upside towards the 845 to 880 levels in coming days with the help of 790 support level on the chart. 

Copper’s daily chart if able to break the 790 level and sustains below this we can see some fall and this will lead us to consolidation between 800 to 680 levels. 

LEAD-

Lead’s Daily chart trading between the Rectangle pattern and now price taking support near 180 level and now price started consolidating here and now if price able to break the 185 level we can see some price reversal in the chart and this may lead the price towards the 190 to 192 level and if price able to break the 180 level and sustains below this we can see some major fall in price and this may lead towards the 174 to 170 levels with the help of 185 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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