BlogChartBook175th ChartBook

175th 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 trading near the recent resistance level which is performing as support now, and now price forming the bullish candlestick here and now price can move towards the 18000 to 18400 levels in coming days with the help of 17600 support level on the chart. 

If Nifty’s chart fails to move upside and if price break the 17600 level we can see some consolidation between the 17200 to 17600 levels in the chart.

Nifty Bank-

Nifty Bank’s daily chart perfectly moved as per the chart and now price trading near breakout level which is working as support level and now price trying to bounce here and now if price break the 38000 level and sustains above this we can see some major upside towards the 39000 to 39500 levels with the help of 37600 support level on the chart. 

If Nifty Bank’s daily chart breaks the 37000 level we can see some major fall in the chart and the price will consolidate between the 35000 to 36500 levels according to the chart pattern. 

Nifty IT-

Nifty IT’s 4h chart perfectly moved as per the falling wedge pattern and now the price is moving upside with Rising Wedge Pattern and price break the major support and price moving downside and price can move towards the 34000-32500 levels in coming days with the help of 36500 resistance level on the chart. 

If Nifty IT’s chart fails to move downside and price is able to break the 36500 level and sustains above this we can see some major upside towards the 38500 to 39500 levels in coming days with the help of 35400 support level on the chart. 

Nifty Metal-

The Nifty Metal’s Daily chart perfectly moves as per the Rectangle Pattern and now price moving upside with strong candlesticks, now price can move towards the 7000-7200 levels in coming days with the help of 6400 support level on the chart. 

If the Price is not able to move upside and if the price breaks the 6300 level we can see some more consolidation between the Rectangle Pattern, in 6300-5600-5000 levels. 

Nifty Auto-

Nifty Auto’s daily chart is perfectly moving upside with the Cup and handle pattern and now the price is moving upside with strong volume, and now if the price is able to break the 11000 level and sustains above this we can see some major upside towards the 11400-11800 levels in coming days with the help of 10600 support level on the chart. 

If Nifty Auto’s chart is not able to move upside and the price break the 10600 level and sustains below this we can see some more consolidation between the 10600 to 9400 level. 

Nifty FMCG-

Nifty FMCG’s daily chart perfectly moves as per the inverted head and shoulder pattern and now the price is moving upside with a strong candlestick, this may lead the price towards the 39200/43000 levels in the coming days with the help of 37500 support level on the chart. 

If Nifty FMCG’s daily chart fails to move upside and if the price break the 36800 level and sustains below this we can see some more consolidation between the 36800 to 34000 range. 

Breakout Charts

Syngene International Limited (SYNGENE)-

Syngene International’s daily chart trading between the Rectangle Pattern and now price moving upside with strong volume and strong price, the price may break the rectangle pattern soon and price may move towards the 750-800 levels in coming days with the help of 620/600 support level on the chart. 

If Syngene’s daily chart fails to move upside we can see some more consolidation between the 680-590-500 levels. 

ITC Limited (ITC)-

ITC’s Weekly chart has given a breakout in the Cup and Handle pattern with strong price formation in a few weeks’ candlesticks, now price can move towards the 300 to 320 levels in the coming days with the help of 244/260 support level on the chart pattern. 

If ITC’s weekly chart fails to move upside and if the price breaks the 250 level we can see some more consolidation between the 220-250 levels in the range.

Polycab India Limited (POLYCAB)-

Polycab’s daily chart trading between the Rectangle pattern and now price is moving upside with strong volume and price, now if price able to break the 2750 level and sustains here above this we can see some major upside towards the 2950-3100 levels in coming days with the help of 2600 support level on the chart. 

If Polycab’s chart fails to move upside we can see some more consolidation between the 2780 to 2200 levels. 

Apollo Tyres Limited (APOLLOTYRE)-

Apollo Tyres’ daily chart moved perfectly from support and now the price has broken the rectangle support (which is working as Resistance) and again price enter into the Rectangle Pattern we can see some more consolidation with upside, price can move towards the 225 to 250 levels in coming days with the help of 190 support level on the chart. 

If Apollo Tyres’ daily chart fails to move upside and prices fall below the 200 level we can see some more consolidation between the 175 to 200 levels. 

Jsw Steel Limited (JSWSTEEL)-

Jswsteel’s daily chart perfectly moved as per our Descending Channel pattern 666 to 756 level and now price trading near the major resistance level and now if price able to break the 777 level and sustains abvoe this we can see some major upside towards the 820-860 levels with the help of 730 support level on the chart. 

If Jswsteel’s daily chart fails to break the 777 level we can see some reversal from the chart and the price may fall towards the 680/660 level with the help of the 780 resistance level. 

SBI Life Insurance Limited (SBILIFE)-

Sbi Life Insurance’s 4H Chart has given a breakout in the inverted head and shoulder pattern now price is moving upside with strong volume and price, and now price can move towards the 1220-1280 levels in coming days the help of 1100 support level on the chart. 

If Sbilife’s chart fails to move upside and if the price breaks the 1100 level and sustains below this we can see some major fall in the chart. 

Breakdown Charts

Maruti Suzuki Industry Limited (MARUTI)-

Maruti’s daily chart is trading near some strong resistance level and now price forming the pattern like double top pattern and now price reversing from the strong candlestick pattern with and with strong volume, now price can move towards the 7000-6800 levels in coming days with the help of 7800-7600 resistance level on the chart. 

If Maruti’s chart fails to move downside and the price is able to break the 7850 level we can see some major upside and this may lead us towards the 8600-9000 levels with the help of the 7500 support level. 

Tech Mahindra Limited (TECHM)-

Tech Mahindra’s daily chart moving in downside and now the price forming a more bearish candlestick now price can move towards the 1350-1240 levels in the coming days with the help of the 1480-1500 resistance level on the chart. 

If Tech Mahindra’s daily chart fails to move downside and the price is able to break the 1520 level we can see movement towards the 1600-1680 levels in the coming days with the help of the 1540 resistance level on the chart. 

Canfin Homes Limited (CANFINHOME)-

Canfin Homes’ daily chart is trading near the resistance level and now the price forming the dark cloud here, now price can move towards the 600-540 levels in the coming days with the help of the 580 resistance level on the chart pattern. 

If Canfinhomes’  daily chart fails to move downside and if the price breaks the 675 level and sustains above this we can see some major upside in the chart. 

ICICI Lombard General Insurance Limited (ICICIGI)-

Icici Lombard’s daily chart trading between the Rectangle Pattern and now price trading near the major middle resistance line, now if price able to break the 1360 level we can see some major fall towards the 1280-1200 levels with the help of 1380 resistance level. 

If Icicigi’s daily chart breaks the 1400 level and sustains above this we can see some major upside towards the 1550-1600 levels post-breakout with the help of the 1350 support level on the chart. 

Cash Charts

Lambodhara Textile Limited (LAMBODHARA)-

Lambodhara Textile’s weekly chart trading in the Rounding bottom pattern and now if the price is able to break the 130 level and sustains above this we can see some major upside towards the 200-275 levels in coming days with the help of 75-80 support level on the chart pattern. 

If the Price is not able to break the 130 level we can see some more consolidation between the 70 to 130 range, and now if the price is able to break the 70 level and sustains below this we can see some major fall in the chart.

Hathway Cable Limited (HATHWAY)-

Hathway Cable’s daily chart trading in the Falling Wedge Pattern now price is moving upside with strong volume and price, now if price able to break the 21/21.5 level and sustains abvoe this we can see some major upside towards the 28-38 levels in coming days with the help of 16 support level on the chart. 

If Hathway’s daily chart is not able to break the 21 resistance level we can see some more consolidation between the 21 to 16 levels according to chart. 

Siyaram Silk Limited (SIYSIL)-

Siyaram Silk’s weekly chart perfectly moves as per the recent chart at the 200 to 551 level and now the price has given breakout in the pole and flag pattern now price can move towards the 680-760 levels in coming days with the help of 480-460 support level on the chart pattern. 

If the Price is not able to move upside and if the price falls below the 480 level we can see some consolidation between the 520 to 400 level and if price break the 400 level we can see some major fall in the chart. 

Time Technoplast Limited (TIMETECHNO)-

Time Technoplast’s weekly chart has formed the cup and handle pattern and now the price is moving upside with strong volume, now if the price is able to break the 92 levels we can see a major upside towards the 130-180-210 levels post-breakout with the help of 70 support level in the chart. 

If Time Techno’s daily chart fails to move upside and is not able to break the 92 levels we can see some more consolidation between the 92 to 65 levels in the chart. 

Emmbi Industries Limited (EMMBI)-

Emmbi Industries’ weekly chart has formed the Symmetrical Triangle Pattern now if the price is able to break the 110 level and sustains above this we can see some major upside towards the 150-210-240 levels after the breakout with the help of 90 support level on the chart. 

If Emmbi’s chart fails to move upside and is not able to break the 110 level we can see some more consolidation between the 110 to 90 levels and if the price is able to break the 90 level and trade below this we can see some major fall towards the 60-50 level. 

Cords Cable Industries Limited (CORDSCABLE)-

Cords Cable Industries’ weekly chart formed the cup and handle Pattern , now if the price is able to sustain above the 66 levels and sustains above this we can see some major upside towards the 100-130 levels in coming days with the help of 50 support level on the chart. 

if Cords Cable fails to move upside and the price falls below the 50 levels we can see some consolidation and fall in the chart with the help of 62 resistance level on the chart. 

 

Charts to Watch

Hindustan Composite Limited (HINDCOMPOS)-

Hindustan Composite’s weekly chart trading between the cup and handle pattern and now price is moving upside and now if the price break the 360 level and sustains above this we can see some major upside towards the 480-600 levels in coming days with the help of 280 support level on the chart. 

If Hindustan Composite’s chart fails to move upside and sustains below this we can see some more consolidation between the 360 to 240 range which is a rectangle pattern in the chart. 

Zuari Agro Chemical Limited (ZUARI)-

Zuari Agro’s weekly chart has given a breakout in the Cup and Handle pattern with strong volume and this is one of the highest volumes in the life of Zuari chart and now price, moving upside with strong volume price can move towards the 280.00 to 400.00 levels in coming days with the help of 120/100 support level on the chart. 

If Zuari Agro’s chart fails to move upside and price fall below the 150 level we can see some consolidation and price trade between the 160 to 100 level which is rectangle pattern or handle of cup and handle pattern. 

Minda Corp Limited (MINDACORP)-

Minda Corp’s weekly chart has given a breakout in the Curve Pattern with strong volume and price, now price can move towards the 300-350 levels in the coming days with the help of the 210 support level on the chart. 

If Minda Corp’s weekly chart fails to move upside and if price fall below the 210 level we can see some major fall in the chart. 

Agro Phos India Limited (AGROPHOS)-

Agro Phos daily chart forming the cup and handle pattern and now price needs to break the 35 level and sustains above this we can see some major upside towards the 50 to 80 levels in coming days with the help of 20 support level on the chart. 

If the Price is not able to move upside and not able to break 35 levels we can see some more consolidation between the 35 to 20 levels in the chart. 

Raymond Limited (RAYMOND)-

Raymond’s weekly chart has given a fresh breakout in the major resistance level with strong volume, now price is moving upside towards the 1100-1150 levels in the coming days with the help of the 750 support level on the chart. 

If the Price is not able to move upside and price break the 800 level we can see a major fall in the chart with the help of the 850 resistance level on the chart.

Bharat Wire Ropes Limited (BHARATWIRE)-

Bharat Wire’s weekly chart has formed the cup and handle pattern and now the price need to break the 85 levels and sustain above this we can see some major upside towards the 120 to 150 levels in coming days with the help of 60 support level on the chart. 

If Bharat Wire’s weekly chart is not able to break the 85 levels and sustains below this we can see some more consolidation between the 50 to 85 levels in the chart. 

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 2H chart trading in the Falling wedge pattern and now price trading near the major resistance level, if price able to break the 67500 level and sustains above this we can see some major upside towards the 69300 to 71200 levels in coming days with the help of 65600 support level on the chart. 

If Silver’s chart is not able to break the resistance level we can see some more consolidation between the 66500 to 65500 levels. 

GOLD-

Gold’s 4H chart has formed the inverted head and shoulder pattern, now if the price is able to break the 52250 level and sustains above this we can see some major upside toward the 53200-54400 levels in the coming days with the help of 51600 support level on the chart. 

If Gold’s chart is not able to break the resistance we can see some more consolidation between the 52200 to 51200 rectangle range. 

COPPER-

Copper’s 2H chart trading between the rectangle pattern 830 to 800 level and now if price able to break the 830 level we can see some major upside in the chart and if the price break the 800 level we can see some major fall in the chart. 

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. 

ALUMINIUM-

Aluminum’s 3H chart trading between the symmetrical triangle pattern and now price trading with a narrow range, if price breaks the 285 level and sustains above this we can see some major upside toward the 295 to 308 levels with the help of 275 support level and if price not able to move upside and if price break the 275 level we can see some major fall 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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