BlogChartBook174th ChartBook

174th 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. Users 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 Chart moving perfectly as per pattern and now the price has given a breakout in the Pole and Flag pattern, price moving upside with strong movement, this may lead the price towards the 18000 to 18400 levels in coming days with the help of 17400 support level on the chart. 

If the Nifty’s Chart fails to move upside and if the price break the 17400 level and sustains below this we can see some major consolidation between the 17400 to 16900 levels as per the chart formation. 

Nifty Bank-

Nifty Bank’s daily chart was finally able to cross the cup and handle pattern resistance and now the price is trading above this breakout level with strong volume and a strong candlestick pattern, now price can move towards the 38500 to 39500 levels in the coming days with the help of 36500 support level on the chart pattern. 

If Nifty Bank fails to move upside and if the price break the 36500 level and sustains below this we can see some major fall and this may lead price to consolidate between the 37000 to 35000 levels and if the price is able to break the 35000 level and sustains below this we can see some major fall in the chart. 

Nifty IT-

Nifty IT’s daily chart perfectly moving as per the falling wedge pattern and now price consolidating between the 36800 to 35200 range, and now if Price able to break the 36800 level and sustains here we can see some major upside towards the 38000 to 39200 levels with the help of 36000 support level on the chart. 

If Nifty IT’s daily chart fails to move upside and if the price is able to break the 35800 level and sustains below this we can see some major fall and the price may move towards the 34800 to 34000 levels below breakdown. 

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 upside after the breakout in the Rectangle Pattern, now price may move towards the 27500-29000 levels in the coming days with the help of the 25600 support level on the chart if the Price is not able to move upside and if the price falls below the 25200 level we can see some more consolidation between the 25200 to 22000 levels as per our chart range. 

Nifty Infra-

Nifty infra’s daily chart perfectly moved from support after forming a Double Bottom pattern, now the price may move towards the 5200-5360 levels in coming days with the help of 5000 support level on the chart, if Nifty Infra’s chart fails to move upside and if price falls below the 5000 level we can see some fall towards the 4800 levels. 

Nifty Auto-

Nifty Auto’s daily chart perfectly bounced from support and now price trading near the major resistance level, if price able to break the 10700/800 level and sustains above this we can see some major upside towards the 11200-12000 levels in coming days with the help of 10300 support level on the chart. 

If Nifty Auto’s daily chart fails to move upside and falls below the 10000 level we can see some consolidation between the 10000 to 9400 range which is a tight consolidation range. 

Nifty FMCG-

Nifty FMCG’s daily chart looking good here and now if the price is able to break the 37000 level we will have a fresh breakout in the cup and handle pattern, now price can move towards the 38000 to 39500 levels in the coming days with the help of 36000 support level on the chart. 

If Nifty FMCG’s daily chart fails to move upside and trade below the 37000 level we can see some more consolidation between the 37000 to 33500 range. 

Breakout Charts

Bharat Heavy Electronics Limited (BHEL)-

BHEL’s daily chart took perfect support at recent resistance which becomes support and now price is trying to bounce from support, and price moving upside with strong volume and price, now price can move towards the 60.00-65.00 levels in coming days with the help of 50.00 support level on the chart. 

If BHEL’s daily chart fails to move upside and falls below the 50.00 level we can see some consolidation between the 53 to 43 range, now if the price falls below the 43 levels we can see some major fall in the chart. 

Power Grid Corporation Limited (POWERGRID)-

Power Grid’s daily chart trading at fresh Rectangle Pattern and strong volume in last 3 days, now price is moving upside with strong volume and price, now price can move towards the 240.00-260.00 levels in coming days with the help of 215.00 support level on the chart. 

If Power Grid’s daily chart fails to move upside and if the price falls below the 210.00 level we can see some more consolidation between the 217.00 to 190.00 range. 

Bharat Petroleum Corporation Limited (BPCL)-

BPCL’s daily chart has given a breakout in the Descending Channel pattern and now price is moving upside with strong volume as well as price, now stock can move towards the 400 to 450 levels in coming days with the help of 360 support level on the chart, if price falls below the 360 level we can see some more consolidation between the 340 to 370 range. 

NTPC Limited (NTPC)-

NTPC’s daily chart has given a breakout in the Symmetrical Triangle Pattern with a strong volume, price, and breakaways gap, now price can move towards 155 to 170 levels in the coming days with the help of 135 support level on the chart. 

If NTPC’s daily chart falls below the 137 level we can see some more consolidation between the 137 to 125 level and a major fall below the 125 level on the chart. 

Indiabulls Housing Finance Limited (Ibullhsgfin)-

Indiabulls Housing Finance’s daily chart trading between the Rectangle Pattern and now price consolidating near the support, price moving upside with some strong candlestick and price, now price can move towards the 200-280 levels in coming days with the help of 140 support level on the chart. 

If Indiabulls daily chart falls below the 135 level we can see some major fall and this may move towards the 100-80 levels post breakdown on the chart. 

Manappuram Finance Limited (Manappuram)-

Manappuram Finance’s daily chart perfectly lands at support and price trying to move upside after forming strong consolidating near support and now if price able to break the 125 level we will have fresh reversal confirmation and this will lead the price towards the 150-160 levels in coming days with the help of 115 support level on the chart. 

If Manappuram’s daily chart fails to move upside and prices fall below the 110 level we can see some fall towards the 90-80 levels with the help of the 125 resistance levels on the chart. 

HDFC Asset Management Limited (HDFCAMC)-

HDFC AMC’s daily chart perfectly trades at major support and now the price trying to reverse for support and price is moving upside  with strong volume, now price can move towards the 2580 to 3000 levels in coming days with the help of 2000-2100 support level on the chart. 

If HDFC AMC’s chart falls below the major support level 2000 we can see some major fall towards the 1700-1500 levels with the help of the 2200 resistance level. 

Breakdown Charts

Atul Limited (ATUL)-

ATUL’s daily chart trading between the Rectangle pattern and now price trying to reverse from resistance and now price trying to fall from resistance with strong volume and price, now price can move towards the 9200 to 8300 levels in coming days with the help of 10400 resistance level on the chart. 

If ATUL’s daily chart fails to move downside and if the price break the 10800 resistance we can see a strong upside in the chart this may lead the price towards 13000-15000 levels with the help of the 9600 support level. 

Alkem Lab Limited (ALKEM)-

Alkem’s daily chart trading near the resistance line in Rectangle Pattern and price trying to reverse from the resistance line with strong volume as well as price, now price can move towards the 3300-3200 levels with the help of 3600-3700 resistance line on the chart. 

If Alkem’s chart fails to move downside and if the price is able to break the 3800 level and sustains above this we can see upside towards the 4000-4100 levels post breakout on the chart. 

Astral Limited (ASTRAL)-

Astral’s 4H Chart trading in the Rising Wedge Pattern, now if the price is able to break the 1950 level we can see some major fall towards the 1875-1800 levels in coming days with the help of the 2025 resistance level on the chart. 

If Astral’s chart fails to move downside and if the price is able to break the 2050 level and sustains above this we can see some major upside towards the 2200-2400 levels with the help of the 1925 support level. 

Persistent System Limited (PERSISTENT)-

Persistent’s daily chart trading near the resistance line and now price is trying to reverse from resistance with evening star formation and now if price breaks the 4700 level and sustains below this we can see some major fall towards the 4300-3900 levels in coming days with the help of 4900 resistance level on the chart. 

If Persistent’s daily chart fails to move downside and the price is able to break the 5000 level we can see some major upside in the chart with the help of the 4600 support level.

Cash Charts

Centrum Capital Limited (CENTRUM)-

Centrum Capital’s daily chart perfectly bouncing from support and now price moving with strong volume and price, now if the price is able to break the 31.00 level and sustain above this we can see some major recovery in the price and this may lead the price towards the 40.00/48.00 levels in coming days with the help of 24.00-22.00 support level on the chart. 

If Centrum Capital’s daily chart fails to break the 31.00 level we can see some more consolidation between the 31.00 to 22.00 level and a fresh breakdown below the 22.00 level on the chart. 

NCC Limited (NCC)-

NCC’s daily chart perfectly bounced from support with strong volume as well price, now stock can move towards the 80.00-96.00 levels in coming days with the help of 56.00 support level on the chart. 

If NCC fails to move upside and if the price breaks the 55.00 level we can see a major fall in the chart with the help of the 66.00 resistance level.. 

Indiabulls Real Estate Limited (IBREALEST)-

Indiabulls Real’s chart is trading at major support and now price is bouncing from support with strong volume and price, now price can move towards the 135-150-170 levels in the coming days with the help of 100.00 support level on the chart. 

If Indiabulls’ daily chart is not able to move upside and the price break the 100 level we can see some major fall in the chart. 

Andhara Paper Limited (ANDHRAPAP)-

Andhara Paper’s daily chart has given a breakout in the major rectangle pattern formation and now the price is moving upside  with some strong volume and price, now price can move towards the 375-450 levels in the coming days with the help of 275 support level on the chart. 

If Andhara’s chart fails to move upside and if the price breaks the 275 level we can see some more consolidation between the 275 to 190 range in the chart. 

Rashtriya Chemical and fertilizer Limited (RCF)-

RCF’s daily chart has given a breakout in the Rectangle Pattern with strong volume formation and in chart and now price also formed the strong volume during a breakout. Now Price can move towards the 130-160 levels in the coming days with the help of the 84.00 support level on the chart. 

If RCF’s daily chart fails to move upside and if the price breaks the 90 levels we can see some more consolidation between the 92 to 68 rectangle range. 

Taj GVK Hotels Limited (TAJGVK)-

Taj GVK Hotels’ daily chart has given a breakout in the Symmetrical Triangle Pattern with strong volume and price formation in the last 10 days, now price can move towards the 190-222 levels in the coming days with the help of 145 support level in the chart. 

If Taj Gvk’s daily chart fails to move upside and if the price trades below 140 level we can see some more consolidation between 120 to 140 levels. 

Charts to Watch

Vodafone Idea Limited (IDEA)-

Vodafone Idea’s daily chart trading between the Rectangle pattern and now price trading near the support level and now if price breaks the 10.50 level and sustains above this we can see some major upside towards the 12.5 to 16.00 levels post reversal confirmation on the chart. 

If Ideas daily chart break the 9.50 level and sustains below this we can see some major fall in the chart and the price can move towards the 7/6 level according to the chart. 

Gail India Limited (GAIL)-

Gail’s daily chart trading between the Rectangle pattern and now price moving upside with strong volume in the chart and now if price able to break the 170 level we will have a fresh strong breakout in the Rectangle Pattern and this will lead the price towards the 200 levels with the help of 150 support level. 

If Gail’s chart failed to move upside and trade between the rectangle pattern we can see some more consolidation between the 170 to 125 levels. 

Marksans Pharma Limited (MARKSANS)-

Marksans’ daily chart trading between the falling wedge pattern and now price moving upside with strong volume and price, if price able to break the 59 levels and sustains abvoe this we can see some major upside towards the 70.0-95.0 levels with the help of 45.00 support level on the chart. 

If Marksans’ daily chart fails to move upside and trades below the 59 levels we can see some more consolidation between the 40 to 60 consolidation range. 

Best Agrolife Limited (BESTAGRO)-

Best Agrolife’s 4H Chart trading in falling wedge pattern and now price trying to move upside with strong volume and price, now price can move towards the 1280-1340 levels in coming days with the help of 920.00 support level on the chart. 

If Best Agro’s daily chart fails to move upside and trades below the 760 level we can see a major fall in the chart. 

Subros Limited (SUBROS)-

Subros’ daily chart trading between strong consolidation range and now price formed the strong volume which indicating the strong bounce here, and now if price able to break the 400 level and sustains abvoe this we can see some major upside towards the 460-520 levels with the help of 360 support level on the chart. 

If Subros daily chart fails to move upside and if price trades below 300 level we can see some major fall. 

Hindustan Aeronaut Limited (HAL)-

HAL’s daily chart has given a breakout in the Rectangle Pattern with strong volume and price, now price can move towards the 1650-1750 levels in the coming days with the help of 1400 support level on the chart. 

If HAL’s daily chart fails to move upside and the price break the 1400 level we can see some consolidation between the 1460 to 1200 levels. 

Commodity Charts

CRUDEOIL-

Crude Oil’s daily chart is trading near the major support level and now the price is forming the Doji pattern and now if the price is able to break the 7750 level and sustains above this we can see some major upside toward the 8750 to 9750 levels and if price not able to move upside and trade below the 7000 level we can see some major fall in the chart. 

SILVER-

Silver’s daily chart trading between the Rectangle Pattern and price consolidating between the 74000 to 59000 range and now if the price is able to break the 74000 level and sustains above this we can see some major upside towards the 77000-79000 levels in coming days with the help of 70000 support level on the chart and if the price break the 59000 level and sustains below this we can see some major downside towards the 50000-48000 levels. 

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 between the 192 to 180 level and now if price able to break the 178 level and sustains below this we can see some major fall in the chart and if price able to break the 192 level we can see some major upside in 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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