BlogChartBook181st ChartBook

181st 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 trading between important range 15740 Support to 16400 levels and now price is moving upside with some important price patterns and now, if price able to break the 16400 level and sustains above this we can see some major upside towards the 16800 to 17200 levels with the help of 16200 support level on the chart. 

If Nifty’s daily chart failed to move upside 16400 level and trade below this we can see more consolidation between 16400 resistance level to 15700 support level. 

Nifty Bank-

Nifty Bank’s daily chart reverse from support zone and we can say the price is moving according to double bottom pattern and now price can move towards the 37000 to 38600 levels in coming days as price is helping us with strong price formation with bullish candlesticks.

If Nifty Bank’s daily chart is not able to move upside according to bullish candlestick patterns and prices fall below the 34800 level we can see some more consolidation between the 34800 resistance to the 33000 support level on the chart.

Nifty Metal-

The Nifty Metal’s Daily chart perfectly took support in Horizontal Line and now price moving upside with strong bullish candlestick pattern and now we need small confirmation above 5300 level If price able to break this level we can see some major upside towards the 5600 to 6200 levels with the help of 5000 support level on the chart. 

If Nifty Metal’s chart failed to move upside and the price fall below 5000 level we can see some major fall towards the 4800-4400 levels with the help of 5200 resistance level on the chart. 

Nifty Auto-

Nifty Auto’s daily chart trading inside the Rectangle Pattern range 12150 resistance and 9400 support level, and now inside the pattern price is forming the Cup and Handle pattern if price able to break the 11300 level and sustains above this we can see some major upside towards the 11800 to 12100 level in coming days with the help of 10900 support level on the chart. 

If Nifty Auto’s daily chart failed to move upside and trade below resistance we can see some more consolidation between the 10200 support level to 11400 resistance level. 

Nifty Pharma-

Nifty Pharma’s daily chart perfectly trading at the Horizontal Support line and now price is moving upside with the help of some bullish hammer pattern and bullish candlestick, now price can move towards the 13200-14000 levels with the help of 12400-12600 support level on the chart. 

If Nifty Phama’s daily chart is not able to move upside and trade below the 12300 level and sustains below this we can see some major fall towards the 11800-11600 levels with the help of the 12600 resistance level. 

Nifty FMCG-

Nifty FMCG’s daily chart formed Inverted Head and Shoulder pattern and now price trading near the neckline and price moving upside with some bullish candlestick pattern. If price able to break 38655 level and sustains above this we can see some major upside towards the 39600-40800-41800 levels with the help of 37600 support level on the chart. 

If Nifty FMCG’s daily chart failed to move upside and sustains below the 37200 level we can see some fall towards the 36000-34800 levels with the help of the 38400 resistance level. 

Nifty Finance-

Nifty Finance’s daily chart trading inside the Rectangle Pattern and now price bouncing from support after consolidation between range and strong price, now price can move towards the 17200 to 19200 resistance level in coming days with the help of 16000 support level on the chart.

If Nifty Finance’s chart failed to move upside and falls below the 14500 level we will have a fresh breakdown in the chart and below this, we can see some major fall towards the 13000-11000 levels with the help of the 16000-16500 resistance level. 

Breakout Charts

Info Edge Limited (NAUKRI)-

Info Edge’s daily chart trading at Horizontal Support Level and now price reversing with a strong candlestick which is Bullish Engulfing pattern and now price is moving upside with strong volume, and price can move towards the 4400-4800 levels with the help of 3400 support level on the chart. 

If Info Edge’s daily chart is not able to move upside and the price trades below the 3300 support level we can see some major fall towards the 2750-2400 levels with the help of the 3800 resistance level on the chart. 

Apollo Hospitals Limited (APOLLOHOSP)-

Apollo Hospitals’ last two day’s candlestick is looking awesome with strong candlestick with volume, and price bouncing from major horizontal support level 3500 and now this bounce may lead price towards the 4500-5000 levels with the help of 3500 support level on the chart. 

If Apollo Hospitals’ daily chart fails to move upside and trade below the 3500 support level we can see some major fall in the chart and this will lead price towards the 3200 to 3000 level. 

Jubilant Foodworks Limited (JUBLFOOD)-

Jubliant Foodworks’ daily chart perfectly took support at Horizontal Support Line and now the price has given breakout in Double Bottom Pattern and now price is moving upside with strong candlestick and volume also present in the chart. Now Price can move towards the 575-650 levels in coming days with the help of 480-490 support level on the chart.

If Jubliant Foodworks’ daily chart is not able to move upside and trade below the 465 level we can see some fall towards the 400-350 levels with the help of the 480-485 resistance level. 

Whirlpool of India Limited (WHIRLPOOL)-

Whirlpool of India’s daily chart formed strong and big candlestick in the chart with strong volume in last two days, now p[rice can move towards the 1700 level which is next and major resistance if price able to break 17000 level and sustains above this we can see some major upside towards the 2000-22000 levels with the help of 1500 support level. 

If Whirlpool is not able to move upside and fall below the 1500 level we can see more consolidation between the 1500 to 1320 range, and price has strong support at the 1320 level and below this, we can see some major fall in the chart. 

Indiamart Intermesh Limited (INDIAMART)-

Indiamart Intermesh’s daily chart is trading at the major support level and now price is moving upside with strong volume, now price can move towards the 5000 level and this will be the next resistance level and if price able to break the 5000 level and sustains above this we can see some major upside towards the 6500 to 8000 levels with the help of 4000 support level. 

If Indiamart’s daily chart is trading at a major horizontal support level and if the price is able to break the 4000 level and sustains below this we can see some major fall in the chart with the help of 4300 resistance level. 

Dr. Lal Pathlabs Limited (LALPATHLAB)-

Dr. Lal Pathlabs’ daily chart is trading at the major horizontal Support level and now price is trying to move upside with strong volume in the last few weeks with consolidation at support, and now price is moving upside with strong price, now price can move towards the 2600 to 2900 levels with the help of 1800 to 2000 support level on the chart. 

If Dr. Lal Pathlabs’ daily chart is not able to move upside and fall below the 1800 support level we can see some major fall towards the 1400-1300 levels with the help of the 1800 resistance level on the chart. 

Breakdown Charts

Max Financial Services Limited (MFSL)-

MFSL’s daily chart is trading near an important resistance level and now price formed a dark cloud pattern, and price formed some volume and price. If the price is able to break the 745 level and sustains below this we can see some fall towards the 700 to 675 levels with the help of the 775 resistance level on the chart pattern. 

If MFSL’s daily chart is not able to move downside and the price is able to break the 775 level and sustains above this we can see some major upside towards the 850 to 900 levels with the help of the 740-730 support level. 

Gail India Limited (GAIL)-

Gail India’s daily chart trading between Rectangle Pattern and now price break middle line and trading below the important support level with some spike in volume, the price can move towards the 132-125 levels with the help of 148-150 resistance level on the chart.

If Gail’s daily chart is not able to move downside and able to claim the 152 level we can see some more consolidation between the 148 to 170 range. 

IPCA Laboratories Limited (IPCALAB)-

IPCA Laboratories’ daily chart is trading below multiple support with strong volume and price, now price can move towards the 800-700 levels with the help of the 905-915 resistance level on the chart. 

If IPCA Lab’s daily chart fails to move downside and price trade above the 920 level we can see some major upside towards the 1100-1250 levels with the help of the 900 support level. 

Cash Charts

Alicon Castalloy Limited (ALICON)-

Alicon Castalloy’s daily chart trading between the Rectangle Pattern and now price bouned with strong volume and price, now if price able to hold 750 level we can see some major upside towards the 875 to 975 levels with the help of 675-700 support level on the chart. 

If Alicon’s daily fails to move upside and trade below the 775 level we can see more consolidation between the 775 to 650 range. 

Astrazenca Pharma Limited (ASTRAZEN)-

AstraZeneca Pharma’s daily chart has given a breakout in the Descending channel pattern with strong volume in the chart but the price fails to sustain above the 3050 level, we can see some major upside towards the 3450 to 4000 levels in coming days with the help of 2800-2850 support level on the chart. 

If AstraZeneca Pharma’s daily chart is not able to move upside and the price fall below the 2800 level we can see more consolidation between the 2450 to 2800 range. 

TCPL Packing Limited (TCPLPACK)-

TCPL Packing’s daily chart perfectly moved as per our Friday’s chart and now if the price is able to break the 960 level we will have a fresh breakout in the chart and above this we can see some major upside toward the 1200-1400 levels with the help of 840-860 support level on the chart. 

If the Price is not able o move upside and the price fails to break the 960 level we can see more consolidation between the 960 to 800 range. 

Antony Waste Handling Cell Limited (AWHCL)-

Antony Waste Handling Cell’s daily chart trading at strong support and price bouncing after strong reversal candlestick pattern with strong volume, now price can move towards the 360 to 440 levels in coming days with the help of 240-230 support level on the chart. 

If Antony Waste’s daily chart is not able to move upside and the price fell below the 240 level we can see some major fall in the chart with the help of the 260 resistance level on the chart. 

Jindal Poly Films Limited (JINDALPOLY)-

Jindal Poly Films on daily chart price trying to bounce with strong volume as well strong price, now price can move towards the 1250 to 1400 levels with the help of 900-1000 support level on the chart. If the Price is not able to move upside down and the price fell below the 900 level we can see a major fall in the chart. 

Lumax Industries Limited (LUMAXIND)-

Lumax Industries’ weekly chart is trading at a major support or we can call it multi-year support, now price trying to bounce from here with strong volume and price, now price can move towards the 1400 to 1800 levels with the help of 900-950 support level on the chart. 

If Lumax Industries’ weekly chart failed to move upside and the price fell below the 800 level we can see a major fall and this may lead the price towards the 500-300 levels. 

Charts to Watch

Muthoot Finance Limited (MUTHOOTFIN)-

Muthoot Finance’s daily chart trading inside the Rectangle pattern and now price took support at 1000 level and price bounced with strong volume along with strong price, now if price able to break the 1100 level we will have fresh upside and above this, we can see a bounce towards the 1300-1500 levels with the help of 1000-1050 support level on the chart. 

If Muthoot Finance’s daily chart is not able to take support at the 1000 level and trade below this we can see some major fall and fresh breakdown in rectangle pattern, this will lead us towards the 800-700 levels with the help of 1100 resistance level. 

ABB India Limited (ABB)-

ABB India’s daily chart moving upside and  now price forming the Pole and Flag pattern , if price able to break the 2330 level trade above this will strong volume price will move towards the 2450 level and above this price will be at fresh Rectangle Pattern and above this we can see some major upside towards the 2650-2800 levels with the help of 2200 support level on the chart. 

If ABB India’s daily chart is not able to break the 2330 level and trade below this we can see more consolidation between the 2180 range. 

Bliss GVS Pharma Limited (BLISSGVS)-

Bliss GVS Pharma’s daily chart after huge fall, now price finally trading inside the Rectangle Pattern and now price is trying to move upside and if price able to break the 88 levels we will have a fresh breakout and this breakout may lead the price towards the 120-150 levels in coming days with the help of 80-70 support level on the chart. 

If Bliss GVS’ daily chart is not able to move upside and the price trades below the 88 levels we can see some more consolidation between the 88 to 68 range. 

Ineos Styrolution Limited (INEOSSTYRO)-

Ineos Styrolution’s daily chart forming the Descending Channel Pattern and now price moving upside with strong volume along with price, now price may move some upside towards the 960-970 levels in coming days with the help of 830-840 support level, and fresh breakout above the 1000 level in the Descending Channel pattern, above breakout price, can move towards the 1300-1500 levels with the help of 700 support level. 

If Price cannot move upside and is unable to break the 1000 level we can see some more consolidation between the 700 to 1000 range. 

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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 Advisors & Research Analysts.

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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