BlogChartBook176th ChartBook

176th 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 daily chart trading near the support level which is formed by the Cup and handle pattern breakout level, now price trading at an important level with indecisive movement, If price able to break the 17600 level and sustain above this we can see some possible bounce and this may lead towards the 18000 to 18400 levels and now if price able to break the 17400 level and sustains below this we can see some major downside towards the 16800-16600 levels with the help of 17600 resistance level. 

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 if price breaks 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 Metal-

The Nifty Metal’s Daily chart perfectly moves as per the Rectangle Pattern and now price moving upside with strong candlesticks, now price facing some indecisive movement, if price able to break the 6825 level and sustain above this we can see some major upside in the chart and if price not able to move upside and if price break the 6400 level and sustain below this we can see some major fall and if price able to break below 6200 level we cabn see sopme more consolidation between the 6200 to 5000 range. 

Nifty Auto-

Nifty Auto’s daily chart is perfectly moving upside with the Cup and handles pattern and now the price is trading near the recent resistance level which is now a support level if the price is able to take support at the 10800 level we can see some possible upside towards the 11250-11750 levels with the help of 10500 level and if price not able to move upside and break the support level we can see some fall towards the 10000-9500 levels with the help of 11000 resistance 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. 

Nifty Energy-

Nifty Energy’s daily chart is one of the best examples of a Rectangle Pattern and after breakout price moves from 25000 to 28000 level as per the pattern. Price trading upside and now price formed the dark loud pattern and now if price able to break the 285000 level and sustain below this we can see some major fall in the chart and if price able to break the 228700 level and sustains above this we can see some major upside on the chart. 

Nifty Realty-

Nifty Realty’s daily chart trading between the Rectangle Pattern and currently price is near the middle line and forming the bearish candlestick at resistance, now price need to break the 450 level and if price break this we can see some fall towards the 420-400 levels with the help of 470 resistance level.

If Nifty Realty’s chart fails to move downside and if price able to break the 480 level and sustains abvoe this we can see some major upside towards the 520-560 levels with the help of 450 support level on the chart.  

Breakout Charts

Indian Oil Corporation Limited (IOC)-

IOC’s daily chart is trading near the Double Bottom pattern and now the price needs to just cross the 130 level we can see some major upside towards the 137-142 levels with the help of the 120-122 support level on the chart. 

If IOC’s daily chart fails to move upside and falls below the 120 level we can see some consolidation between the 125 to 107 range. 

Apollo Hospitals Limited (APOLLOHOSP)-

Apollo Hospitals’ 240Min chart trading between the Symmetrical Triangle Pattern and now if price able to break the 4766 level and sustains above this or break with volume, we can see some major upside towards the 5300-5700 levels with the help of 4500 support level on the chart. 

If Apollo Hospitals’ chart fails to break the resistance and falls below the 4500 level we can see some major fall in the chart. 

Oil and Natural Gas Limited (ONGC)-

ONGC’s 120Min trading above diagonal resistance level we strong volume and price, and price consolidating here and now if price able to break the 175 level and sustains above this we can see some major upside towards the 184-190 levels with the help of 170-168 support level on the chart. 

If Ongc’s chart fails to move upside and if the price falls below the 168 level we can see some major fall in the chart with the help of the 175 resistance level. 

Indraprastha Gas Limited (IGL)-

IGL’s daily chart has formed the inverted head and shoulder pattern and now price gaining strength with volume and now if the price is able to break the 390 level and sustains above this we can see some major upside towards the 430 to 470 levels with the help of 370 support level on the chart. 

If IGL’s daily chart is not able to break the resistance level and trade below this 390 level we can see some more consolidation between the 390 to 360 levels. 

Honeywell Auto Industry Limited (HONAUT)-

Honaut’s daily chart trading between the Rectangle Pattern and now price is trading near the support level and formed the hammer pattern in the last encounter and now if price can move towards the 43000-48000 levels in coming days with the help of 38000 to 38500 support level on the chart. 

If Honaut’s chart fails to move upside and if the price is able to break the 38000 level and sustains below this we can see some major fall towards the 35000-33000 levels with the help of the 41000 resistance level. 

Marico Limited (MARICO)-

Marico’s 15Min Chart trading between the Symmetrical Triangle Pattern and now price forming the strong Doji patterns and now if prie able to break the 522 level with strong volume or price sustains above this we can see some major upside towards the 535-545 levels in coming days with the help of 515 support near the chart. 

If 15Min Chart fails to move upside and the price is able to break the 512 support level we can see some major fall in the chart with the help of the 525 resistance level. 

Breakdown Charts

Ashok Leyland Limited (ASHOKLEY)-

Ashok Leyland’s daily chart trading between the Rectangle Pattern and now price trading near the resistance level and formed some bearish pattern and now if price able to break the 125 level and sustain below this we can see some fall towards the 116-108 level with the help of 132 resistance level. 

If Ashok Leyland’s daily chart fails to move downside and if the price is able to break the 132 level we can see some major upside in the chart with the help of the 120 support level on the chart. 

Dr. Reddy Labs Limited (DRREDDY)-

Dr. Readdy Labs’ 120Min chart trading near the Rectangle Pattern and now price trading near the support level, if price able to break the 4270 level and sustain below this we can see some major fall towards the 4100-3900 levels with thehelp of 4400 resistance level. 

If Dr. Reddy Labs’ 120Min fails to move downside and if the price is able to break the 4450 level we can see some major upside in the chart. 

Pi Industries Limited (PIIND)-

PI Industries’ daily chart is a perfect example of a Double Bottom pattern and now the price is trading near the resistance level and formed a bearish engulfing pattern, if the price is able to sustain below the 2900 level we can see some major fall towards the 2700-2500 levels with the help of 3030 resistance level on the chart. 

If Piind’s daily chart fails to move downside and if the price breaks the 3070 level and sustains above this we can see some major upside towards the 3350-3450 levels. 

Sun TV Network Limited (SUNTV)-

Sun Tv’s daily chart trading between the Rectangle Pattern and now price trying to reverse from the resistance with dark cloud pattern, now if price able to break the 500 level we can see some fall towards the 460.00 to 420.00 level with the help of 540.00 resistance level on the chart. 

If Sun Tv’s daily chart fails to move downside and if the price is able to break the 540.00 level we can see some upside in the chart towards the 580 level and this 580 level going to play a major role in Rectangle Breakout in the chart. 

Cash Charts

Pearl Polymers Limited (PEARLPOLY)-

Pearl Polymers daily chart trading near the major strong resistance Cleveland if price able to break the 23.50 level and sustains above this we can see some major upside towards the 32.00-42.00-50.00 levels with the help of 16.00-18.00 support level on the chart. 

If Pearl Polymer’s chart is not able to break the 23.5 level and is not able to sustain above this we can see some fall and this breakout will be not valid. 

Pearl Polymers’ chart trading with low volume, so the chances of speculation are high. 

Coral India Finace Limited (CORALFINAC)-

Coralfinac’s weekly chart failed to move upside as per the recent breakout in Rectangle pattern at 30 level and now price trading near breakout support level with rectangle pattern, and now price trying to bounce from support with strong volume, now price can move towards the 55.00 level soon and if price able to break the 55.00 level and sustains above this we can see some major upside towards the 75.00-95.00 levels with the help of 35.00 support level. 

If Coralfinac’s weekly chart fails to move upside and if the price breaks the 35.00 level we can see some major fall in the chart. 

Seshasayee Paper Limited (SHASHAPAPER)-

Seshasayee Paper’s daily chart has given a breakout in the Pole and Flag pattern, with strong volume and price, now stock can move towards the 225 levels in coming days with the help of 185.00 support level on the chart. 

If Seshasayee’s daily chart falls below the 180 level we can see some more consolidation and fall below the 180 level on the chart. 

VIP Clothing Limited (VIPCLOTHNG)-

VIP Clothing’s weekly chart has given a breakout in the Rounding Bottom pattern and now the price is moving upside with strong volume, now price can move towards the 50.00 to 65.00-90.00 levels in the coming days with the help of the 20.00 support level on the chart. 

VIP Clothing is less volume stock or this is illiquid stock so the chance of possible speculation is high in this stock. If the Price fails to move upside and trade below the 20 levels we can see some major fall in the chart and more consolidation between the rounding bottom pattern. 

Kamat Hotels (India) Limited (KAMATHOTEL)-

Kamat Hotels’ weekly chart perfectly moved as per the rounding bottom pattern and now price moving upside with strong volume and price, now price can move towards the 110-140 levels in coming days with the help of 65.00 support level on the chart pattern. 

If Kamat Hotels’ weekly chart fails to move upside and falls below the 65 levels we can see some more consolidation between the 65 to 50 range. 

Nahar Ind Enterprises Limited (NAHARIND)-

Nahar Ind’s daily chart has given a breakout in fresh pole and flag pattern, with strong volume and price, now price can move towards the 300-350 levels in coming days with the help of 180 support level on the chart. 

If Nahar Ind’s daily chart fails to move upside and sustains below the 170 level we can see some major fall towards the 140-120 levels. 

Charts to Watch

BLB Limited (BLBLIMITED)-

BLB Limited’s daily chart perfectly moves as per the Rounding Bottom pattern and now price again gaining some strong strength in price, we can see some major upside towards the 52.00-73.00 levels in coming days with the help of 15/10 support level on the chart. 

If BLB Limited daily chart fails to move upside and the price trade below the 12 levels we can see some major fall in the chart. 

Walchandnagar Ind Limited (WALCHANNAG)-

Walchandnagar Ind’s weekly chart trading between the strong and long Rectangle Pattern or we can consider this pattern as rounding bottom pattern, and now if price able to break the 80 levels and sustains above this we can see some major upside towards the 140 to 200 levels with the help of 50-60 support level on the chart. 

If Walchandnagar’s daily chart fails to move upside and is not able to break the resistance we can see more consolidation between the 50 to 90 levels. 

Apollo Pipes Limited (APOLLOPIPE)-

Apollo Pipes’ daily chart has given a breakout in Descending Channel pattern with strong volume and price, now price can move towards the 720 to 820 levels in coming days with the help of 530 support level on the chart. 

If Apollo Pipes’s daily chart fails to move upside and trade below the 530 level we can see some fall and consolidation between the 530 to 400 consolidation zone. 

Reliance Industry and Infra Limited (RIIL)-

RIIL’s daily chart forming patterns like Pole and Flag pattern, now if price able to break the 1030 level and sustains above this we can see some major upside towards the 1150 to 1250 levels in coming days with the help of 850-900 support level on the chart. 

If RIIL’s chart fails to break the 1030 level we can see some more consolidation between the 1030 to 650 levels. 

Redington India Limited (REDINGTON)-

Redington India’s daily chart trading between strong Rectangle Pattern and now price moving upside with strong volume, and still price trading near the resistance level, if price able to break the 180 level and sustains above this we can see some major upside towards the 210/230 levels in coming days with the help of 155-140 support level on the chart. 

If Redington India’s daily chart fails to break the 180 level we can see some more consolidation between current range 180 to 140 levels. 

Commodity Charts

CRUDEOIL-

Crude Oil’s 240Min chart perfectly bounced from 7000 level as per our last week’s chart and now price is moving upside with strong volume and still price looking good, we can see some major upside towards the 8600 to 9000 levels with the help of 7600 support level on the chart. 

If Crudeoil’s daily chart fails to move upside and falls below the 7500 level we can see some more consolidation between the 7500 to 7000 consolidation zone.

SILVER-

Silver’s 120Min Chart perfectly moved as per last week’s Falling Wedge Pattern and now price trading near the small resistance level, if price able to break the 69600 level and sustains above this we can see some major upside towards the 71000-72800 levels post price confirmation with the help of 68000 support level on the chart. 

If Silver’s 120Min Chart fails to confirm the small breakout and falls below the 67500 level we can see some more consolidation between the 65500 to 67500 zone.

GOLD-

Gold’s 120Min chart perfectly moved as per the last week’s inverted head and shoulder pattern, and now price trading in the middle of pattern upside and consolidating here, if price able to break the 83250 level and sustains abvoe this w can see some major upside towards the 54250-55000 levels in coming days with the help of 52250 support level on the chart. 

If Gold’s chart is not able to move upside and if the price breaks the 52000 level we can see some consolidation between the 51000 to 52000 consolidate zone (Right Shoulder’s range)

COPPER-

Copper’s chart not moving much and currently trading between the small range, and this range forming the Rectangle pattern with the range of 830 resistance and 800 support level, if the price is able to break the 830 level and sustains above this we can see some major upside towards the 850-865 levels in coming days with the help of 815 support level and if price able to break the 800 support level we can see some major fall in the chart with the help of 825 resistance level. 

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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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