BlogChartBook173rd ChartBook

173rd 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 bounced from support and now price trading between fresh range which is formed by small range 17400 to 17000 levels and last week price traded between this range and now we need to wait for a fresh breakout in the chart and if price able to break the 17400 level and sustains above this we can see some major upside towards 17800-18400 levels in coming days and if price not able to move upside and if price able to break the 17000 level and sustains below this we can see some major fall in the chart. 

Nifty Bank-

Nifty Bank’s daily chart facing resisatnce near 37000 level and price reversing after forming the dark cloud and now price trading with fresh small range 37000 to 35000 levels, now if price able to break the 37000 level and sustains above this we can see some major upside towards the 38000 to 40000 levels and if price not able to move upside and if price break the 35000 level down we can see some fall towards the 33000 to 32000 levels post breakdown on the chart. 

Nifty Metal-

The Nifty Metal’s Daily chart has given breakout in the Rectangle Pattern and now price moving upside with some small candlesticks, we need to focus more on a candlestick, if these candles get strong with the upcoming movement we can see some major upside and this will lead to price for strong upside towards the 6800-7000 levels and if price not able to move upside and if the price break the 6300 level and sustains below this we can see some major fall in the chart and this will lead price consolidation between the Rectangle range. 

Nifty Energy-

The Nifty Energy’s daily chart moving same as Nifty Metal, now price trading above the Rectangle pattern with good candlesticks, and now If price able to sustains above this 26000 level we can see some major upside towards the 27500-30000 levels in coming days with the help of 25200 support level on the chart. 

If Nifty Energy’s daily chart is able to break the 25000 level we can see some more strong consolidation between the big rectangle 25000 to 22000 range. 

Nifty Infra-

Nifty infra’s daily chart perfectly bounce from support and price moving upside, but this week price not able to move major upside but on Friday prie finally able to touch fresh swing high and now if price able to break the 5000 level and sustains above this we can see some major upside towards the 5200-5350 levels in coming days with the help of 4800 support level on the chart. 

If Nifty Infra’s daily chart is not able to move upside and if the price breaks the 4800 level we can see some consolidation between the lower range 4800 to 4500 levels. 

Nifty Pharma-

Nifty Pharma’s daily chart bouncing upside and now if price is able to break the 13900 level and sustains above this we can see some major upside towards the 14200 levels in coming days and this level will help us to decide the future in coming days and if price able to break the 14200 level and sustains above this we can see some major upside towards the 15000 levels. 

If Nifty Pharma’s daily chart falls below the 13400 level we can see some major fall and this will lead us in consolidation between the 13800 to 12400 levels. 

Nifty FMCG-

Nifty FMCG’s daily chart fails to move upside last week even after the breakout in V pattern and now price trading near the recent resistance level and now price consolidating near support and now if the price break the 36100 level and sustains above this we can see some major upside towards the 38000 level and this level will decide the future of stock and if price able to break the 38100 level and sustains abvoe this we can see some major upside towards the 41000 to 42000 levels with the help of 35000 support level on the chart. 

If Nifty FMCG’s chart fails to move upside and if the price breaks the 35000 support level we can see some major consolidation between the 35000 to 33000 levels in the chart. 

Breakout Charts

Godrej Properties Limited (GODREJPROP)-

Godrej Properties’ chart consolidated at the lower range and price consolidated between the 1600 to 1350 range and now price formed the inverted head and shoulder pattern and now if price able to break the 1630 level which is the neckline and sustains above this we can see some major upside towards the 1800 to 2000 levels in coming days with the help of 1550 support level on the chart. 

If Godrej Properties is not able to break the neckline or break with weak candlesticks we can see consolidation between the 1630 to 1350 range which is something like the rectangle pattern.

Interglobe Aviation Limited (INDIGO)-

Indigo’s daily chart bouncing from the Rectangle Pattern and now price moving with strong candlesticks with strong volume, now if price able to sustains above the 1950 level we can see some major upside towards the 2100-2300 levels with the help of 1800-1850 support level on the chart. 

If Indigo’s daily chart fails to move upside and if the price breaks the 1800 support level we can see consolidation between the 2000 to 1600 levels in the chart. 

Delhi Land & Finance Limited (DLF)-

DLF’s daily chart perfectly bounced from support after forming the bullish engulfing pattern and now price formed the pole and flag pattern, now if the price is able to break the 370 level and sustains above this we can see some major upside towards the 400 to 430 levels in coming days with the help of 350 support level on the chart. 

If DLF’s daily chart fails to move upside and trade below 350 level we can see some major consolidation between the 350 to 300 level which is the lower portion of the rectangle pattern.

Bajaj Auto Limited (BAJAJ_AUTO)-

Baja Auto’s daily chart perfectly bounced from the support and now price consolidating near the horizontal resistance line, and now if price able to break the 3670 line which will be a breakout in the double bottom pattern and above this p[rice can move towards the 3900-4200 levels in coming days with the help of 3550 support level on the chart. 

If Bajaj Auto’s chart fails to break the 3670 level we can see some more consolidation between the 3600 to 3100 range on the chart. 

Delta Corp Limited (DELTACORP)-

Delta Corp’s daily chart moving as per the recent Rectangle Pattern Breakout on the chart and still price moving upside with strong volume as well as strong price, stock can move towards the 360 to 390 levels in coming days with the help of 300 support level on the chart pattern. 

If Delta Corp’s daily chart fails to move upside and trading below the 300 level we can see some more consolidation between the rectangle range 300 to 240 levels. 

Breakdown Charts

NMDC Limited (NMDC)-

NMDC’s daily chart trading between the Rectangle pattern and now price trading near the upper line and now price formed the small shooting star and if price break the 150 level and sustains below this we can see fall towards the 140 to 128 levels with the help of 158 resistance level on the chart. 

If NMDC’s chart is able to break resistance (160) in place of reversal we can see some major upside towards the 175-190 levels. 

IDFC First Bank Limited (IDFCFIRSTB)-

IDFC First Bank’s daily chart fell with strong volume in last 5 days and price trading near the horizontal support level, If price able to break the 39 levels we can see some fall towards the 35 to 34 level with the help of 41 resistance level on the chart. 

If IDFC First Bank’s daily chart breaks the 44 levels and sustains above this we can see some major upside in the chart we can see some more trade between the 54 to 39 rectangle range. 

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. 

Dixon Technologies Limited (DIXON)-

Dixon Technologies’ daily chart falling in last few days and now price formed the inverted pole and flag pattern, and price breakdown will be below 4200 level in diagonal support line and breakdown below 4000 level in horizontal support line and this will lead us towards the 3600 to 3400 levels with the help of 4400 resistance level. 

If Dixon’s daily chart is not able to break the support and if the price is able to break the 4500 level we can see some major bounce in the chart and this will lead us towards the 5000 levels with the help of the 4200 support level.

REC Limited (RECLTD)-

REC’s daily chart trading at an important level which is formed by the recent price or recent support line and this is working as resistance, price formed the ascending triangle and now if price able to break the 120 level we can see some major fall and this may lead towards the 116-100 levels in coming days with the help of 128 resistance level on the chart. 

If Rec’s daily chart is able to break the 128 level and sustains abvoe this we can see some major upside in the chart and this may move towards the 140 level post breakout in the chart. 

Cash Charts

Goa Carbon Limited (GOACARBON)-

Goa Cabon’s Daily chart has given breakout in the Cup and Handle pattern with strong volume as well strong price formation here, now price can move towards the 650-800 levels with the help of 450 support level and this level is also breakout level of the cup and handles pattern. 

If Goa Carbon’s daily chart falls below 450 level we can see some more consolidation between the 450 to 300 levels which is a strong consolidation zone for the stock price. 

Som Dist and Breweries Limited (SDBL)-

SDBL’s daily chart has given breakout in the cup and handle pattern and price moves upside in last 3 days with strong volume, now price can move towards the 80 to 110/140 levels with the help of 50.00 support level on the chart. 

If SDBL’s daily chart fails to move upside and if the price falls below the 50 levels we can see some more consolidation between the 35 to 60 range in the chart. 

Ruchira Papers Limited (RUCHIRA)-

Ruchira’s daily chart has given breakout in the Cup and Handle pattern with strong volume in last 2 weeks and now price moving strongly with strong volume, now price can move towards the 140/180 levels with the help of 90 support level on the chart. 

If Ruchira’s daily chart falls below the 100 level we can see some more consolidation between the 100 to 75 level which is the handle consolidation range for the stock.

GFL Limited (GFLLTD)-

GFL Limited’s daily chart formed the falling wedge pattern and now if the price break the 80.0 level and sustains above this we can see some major upside towards the 90-110 levels with the help of 70.00 support level on the chart. 

If GFL’s daily chart falls below this 60 level and sustains below this we can see some major fall in the chart with the help of 80 resistance level on the chart. 

India Tourism Development Corporation Limited (ITDC)-

ITDC’s monthly chart trading with the cup and handle pattern and now if price able to break 440 level and sustains above this we can see some major upside towards the 560 to 680 levels in coming days with the help of 360 support level on the chart. 

If ITDC’s monthly chart fails to move upside and is not able to break the resistance we can see some more consolidation between the 450 to 320 range which handles range. 

Charts to Watch

Berger Paints Limited (BERGERPAINT)-

Berger Paints’ daily chart again entered into the Rectangle pattern and now price trading near the recent support level and trying to bounce with a piercing pattern, but volume is missing so we need to wait here for more confirmation if the price is able to break the 700 level and sustains above this we can see a bounce from support and this lead us for movement towards the 760-780 levels with the help of 675-660 support level on the chart. 

If Berger Paints fall below the 660 level we can see some major fall in the chart and this may lead the price towards the fresh low and 700 will play a role as a resistance level for the stock. 

ICICI Lombard General Insurance Limited (ICICIGI)-

ICICI Lombard’s daily chart trading between the Strong Rectangle Pattern and now price consolidating at support level and price formed the some misleading candlesticks here and now if price able to break the 1285 level and sustains above this we can see some major upside towards the 1400-1600 levels in coming days with the help of 1200 support level on the chart. 

If ICICI Lombard’s daily chart is not able to move upside and if the price breaks the 1200 level and sustains below this we can see some major fall and this may lead us to the 1000 level in the chart. 

Butterfly Gandhima Limited (BUTTERFLY)-

Butterfly’s 1H chart trading with small stick range between the 1340 to 1400 levels, and now if price able to break the 1400 level and sustains abvoe this we can see some major upside towards the 1500-1600 levels post-breakout and if price not able to break the resistance we can see some fall in the chart and if the price break the 1340 level and sustains below this we can see some major fall in the chart with the help of 1400 resistance level on the chart. 

Expleo Solutions Limited (EXPLEOSOL)-

Expleo’s daily chart bouncing from support and now price moving with strong volume and price also moving with some strength, now price can move towards the 1900 to 2100 levels in coming days with the help of 1500 support level on the chart. 

Expleo’s daily chart if not able to move upside and price falls below the 1300 level we can see some major fall in the chart with the help of 1700 resistance level on the chart. 

Windsor Machines Limited (WINDMACHIN)-

Windsor Machines weekly chart trading in the rectangle pattern between the 47 to 10 level and now if price able to break the 47 levels and sustains above this we can see some major upside towards the 70-100 levels in coming days with the help of 35 support level on the chart. 

Windsor daily chart if not able to break the resistance we can see some fall in the chart and more consolidation between the 48 to 10 range. 

Share India Securities Limited (SHAREINDIA)-

Share India’s daily chart bouncing from support, but volume supporting so much and still price not supporting this movement, but if price able to break the 1200 level and sustains above this we cans ee some major upside towards the 1400 to 1550 levels in coming days with the help of 1100-1000 support level on the chart. 

If Share India’s chart fails to move upside and if the price break the 1000 level and sustains below this we can see some major fall in the chart with the help of 1200 resistance level. 

Commodity Charts

CRUDEOIL-

Crude Oil’s daily chart moved upside according to chart and still price moving with strong price and some volume, now price can move towards the 9250 to 9750 levels in coming days with the help of 8250 support level on the chart. 

If Crude Oil’s daily chart is not able to move upside and if the price falls below the 8250 level we can see some major fall and this will lead to consolidation between the 8800 to 7250 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 69300 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 825 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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