BlogChartBook182nd ChartBook

182nd 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 perfectly bounced from support and last week price traded between small range and ended Nifty movement with just a few points in last week, now price formed the Dark Cloud on Friday and fall back again in last week price range between 16400 support level which is recent breakout level and this weeks resistance and gap resistance 16700 level. 

If Nifty can break the 16700 resistance level and sustains above this we can see some major upside towards the 17000-17400 levels, and if price is not able to move upside and trading below the 16400 level we can see some major fall and below this, we can see some more consolidation between the 16300 to 158000 consolidation range. 

Nifty Bank-

Nifty Bank’s daily chart consolidates between the small range of 36000 resistance level and 35000 support level, If the price is not able to break the resistance level and support level we can see more consolidation between this range. If the Price is able to break the 36000 resistance level and able to hold this levels we can see some major upside towards the 37200-38800 levels with the help of the 35000 support level on the chart, and if the price is not able to move upside and trade below 35000 support level we can see some major fall towards the 34000-33200 levels with the help of 36000 resistance level.

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 between the Rectangle Pattern and now price is reversing from resistance level after forming Twizzer Top Pattern and now price falling with the strong candlestick, the price can move towards the 10600 to 10000 levels with the help of 11600-11500 resistance level on the chart, If Nifty Auto’s daily chart is able to break the 11800 resistance level and sustains above this we can see some major upside towards the 12200-12800 levels with the help of 11400-11200 support level on the chart. 

Nifty Pharma-

Nifty Pharma’s daily chart perfectly trading at the Horizontal Support line and price moving with strong volatile range, and now if the price can break the 12800 resistance level and sustains above this we can see some major upside towards the 13400-14000 levels with the help of 12200-12000 support level on the chart. 

If Nifty Pharma’s daily chart can break the 12200 level and sustains below this we can see some major fall towards the 11800-11400 levels with the help of the 12600-12800 resistance level on the chart. 

Nifty FMCG-

Nifty FMCG’s daily chart trading near the major resistance level and now price reverse from the 39200 resistance level and now price trading between the 38500 resistance level to 36000 support level in the chart, Now if the price is able to break the 39200 level and sustains above this we can see some major upside towards the 408000 to 42000 levels with the help of 38000 support level on the chart. 

Nifty Energy-

Nifty Energy’s daily chart is trading at a recent resistance level which is now working as the support level, and the price tried to bounce from support and long bullish candlestick pattern, and Friday’s candlestick formed the Dark Cloud pattern and now the price will consolidate between the 26800 resistance level to 25000 support level on the chart. 

If Nifty Energy’s daily chart is able to break the 26800 resistance level and sustains above this we can see an upside towards the 28800-29300 levels with the help of the 25200-25600 support level on the chart and if Nifty Energy’s daily chart is able to break the 25200 level and sustains below this we can see some fall towards the 24000 to 23600 support levels, with the help of 26000 resistance levels. 

Nifty Realty-

Nifty Realty’s daily chart bounced from the Horizontal support level and now the price formed a double bottom pattern and price trading near the 410/415 resistance levels, if the price is able to break the 415 level and sustains above this we can see some major upside towards the 440 to 480 levels with the help of 390-380 support level on the chart. 

If Nifty Realty’s daily chart is not able to break the 410 level we can see some more consolidation between the 410 to 370 support and resistance range. 

Breakout Charts

Mahindra and Mahindra Finance Limited (M&MFIN)-

Mahindra and Mahindra Finance’s weekly chart now trading near the resistance level which is formed by the Diagonal Resistance level, and if the price is able to break the 190 level and sustains above this we can see some major upside toward the 240 to 260 resistance levels with the help of 160-165 support level on the chart. 

If Mahindra and Mahindra Finance’s weekly chart is not able to break the 190 level and sustains below this we can see some more consolidation between the 160 support to 190 range, if the price is able to break the 160 level and sustains below this we can see some fall towards the 135 level which is recent support level on the chart. 

Indian Oil Corporation Limited (IOC)-

Indian Oil Corporation’s daily chart trading between the Rectangle Pattern 109 support 141 resistance level, and IOC’s 60Min chart trading between the Ascending Triangle Pattern and now price formed some strong consolidation between the range, and now price is able to break the 120 level and sustains above this we can see some major upside towards the 124 to 134 levels with the help of 115-111 support level which is formed by the IOC’s chart. 

If Indian Oil Corporation’s 60 min chart is not able to break the resistance level and the price fall below the 111 level we can see some major fall towards the 100-90 levels with the help of the 120 resistance level on the chart. 

First Source Solution Limited (FSL)-

First Source Solution’s daily chart trading at strong Horizontal Support line and price formed the strong indecisive candlesticks, and now price consolidating between the 116 resistance level to 100 support level, and now if the price is able to break the 116 level and sustains above this we will have fresh reversal confirmation on the chart and after this price can move towards the 140 to 160 levels with the help of 105 support level on the chart. 

If First Source Solution’s daily chart is not able to break the 116 level we will see more consolidation between the 116 to 105 range, and if the price is able to break the 100 level and sustains below this we can see some major fall towards the 85-75 levels with the help of 105 resistance level on the chart. 

Trent Limited (TRENT)-

Trent’s daily chart perfectly bounced from Horizontal Support level and is now price trading at an important level. When we see this chart in 2 Hours and now price trading near the 1145 resistance level and if price able to break this level we can see some major upside towards the 1250-1350 levels with the help of 1100 support level on the chart. 

If Trent’s daily chart is not able to break the 1150 level and trading below this we can see some more consolidation between the 1150 resistance level to 1080 support level on the chart. 

ICICI Prudential Limited (ICICIPRULI)-

Icici Prudential’s line chart trading above breakout in Double Bottom pattern, but the price of last days not looking good, as well as volume, is missing, so we need small confirmation for price strong movement, if the price is able to break the 560 level and sustains above this we can see some major upside towards the 600 to 620 levels in coming days with the help of 520 to 530 support level on the chart. 

if Icici Prudential’s daily chart is not able to sustain above breakout level and incase price fall below 530 level we can see some more consolidation between the 530 top 480 consolidation range. 

MRF Limited (MRF)-

MRF’s daily chart Descending Channel Pattern and now price trading near the major resistance level and recently price formed some strong volume and price here if stock able to break the 78000 level and sustains above this level we can see some major upside towards the 83000 to 90000 levels with the help of 75000 support level on the chart. 

If MRF’s daily chart is not able to move upside and trading below our resistance level we can see some more consolidation between the range 77000-66000-62000 levels. 

Breakdown Charts

Ramco Cement Limited (RAMCOCEM)-

Ramco Cements’ daily chart moving downside and now the price reversed from the resistance level or we can consider this as a breakdown retest, now price is moving downside with strong volume and price. Price can move towards the 560-480 levels in the coming days with the help of the 640-680 resistance level on the chart. 

If Ramco Cements’ daily chart is not able to move downside and the price is able to trade above this 700 level we can see some upside and this movement will be towards the 800 resistance level. 

JK Cements Limited (JKCEMENTS)-

JK Cements’ daily chart has given a breakdown in Inverted Cup and Handle Pattern, with strong candlestick with the spike in volume, now price can move towards the 1900-1600 levels in coming days with the help of 2200-2250 resistance level on the chart. 

If JK Cements’ daily chart is not able to move downside and the price is able to sustain above the 2200 level we can see some more consolidation between the 2500 resistance level and to 2200 support level. 

JK Cements Limited (JKCEMENT)-

JK Cements’ daily chart has given a breakdown in Inverted Cup and Handle Pattern, with strong candlestick with the spike in volume, now price can move towards the 1900-1600 levels in coming days with the help of 2200-2250 resistance level on the chart. 

If JK Cements’ daily chart is not able to move downside and the price is able to sustain above the 2200 level we can see some more consolidation between the 2500 resistance level and to 2200 support level. 

Shree Cement Limited (SHREECEM)-

Shree Cement’s daily chart has given the breakdown in Inverted Head and Shoulder Pattern with strong volume and price, now price can move towards the 19000-18000 levels with the help of 21000-21500 resistance level on the chart. 

If Shree Cement’s daily chart is not able to move downside and able to break the 22000 level and sustains above this we can see some major upside and consolidation between the 22000 support level to 26000 resistance level. 

GMR Infrastructure Limited (GMRINFRA)-

GMR Infrastructure’s daily chart trading inside the Cup and Handle pattern and price is trading near the handle’s top and price reversing from a resistance level with strong bearish candlestick pattern on the chart, and if price able to break the 37.00 level we can see some major fall towards the 34.5 to 32.00 levels with the help of 38.10 resistance level on the chart. 

GMR Infrastructure’s daily chart is trading near the resistance level, and if the price is able to break the 38.5 level and sustains above this we can see some major upside toward the 43.00 to 48.00 levels with the help of the 37.00 support level on the chart. 

RBL Bank Limited (RBLBANK)-

RBL Bank’s daily chart is trading at a major Horizontal support Level, and the price holding the 100 level for a long time, if the price is able to break the 100 level and sustains below this we will have a fresh and strong breakdown in the chart, and below this, we can see some major fall towards the 80-60 levels with the help of 110 resistance level on the chart. 

If RBL Bank’s daily chart is not able to move downside and able to hold the 100 level and sustains above this 111 level with some strong volume we can see some major upside towards the 140 to 180 levels. 

Cash Charts

Solar Industries Limited (SOLARINDS)-

Solar Industries’ daily chart is trading near the Horizontal Support level and now price reverse from support after strong volume along with price, now price can move towards the 3200-3500 levels in coming days with the help of 2600-2700 support level on the chart. 

If Solar Industries’ daily chart is not able to move upside and fall below the 2500 level we will have a fresh breakdown and below this, we can see some more falls and consolidation between the 2100 to 2500 range. 

Hindustan Oil Exploration Company Limited (HINDOILEXP)-

Hindustan Oil Exploration’s daily chart trading between the Rectangle Pattern and now price is moving upside with strong volume in last 4 weeks, and now price can move towards the 220.00-240.00 levels with the help of 170.00 support level on the chart, and breakout in the rectangle will be above 240 level in the chart. 

If Hindustan Oil Exploration’s daily is not able to move upside and trade below the 170 level and sustains below this we can see more consolidation between the support and if the price can break the 150 level we can see some major fall in the chart. 

Dangee Dums Limited (DANGEE)-

Dangee Dums’ daily chart trading between the Rectangle pattern and now price is moving upside but volume is missing, if the price is able to break the 365 level with strong volume and price, we can see some major upside towards the 425.00-480.00 levels with the help of 320.00-340.00 support level on the chart. 

If Dangee Dums’ daily chart is not able to break the fresh resistance and sustains below the breakout level we can see some more consolidation between the 365 to 300 range. 

Olectra Greentech Limited (OLECTRA)-

Olectra Greentech’s daily chart trading inside the Rectangle Pattern and price reversing from the Support line with strong volume and price, now price can move towards the 720.00-880.00 levels in coming days with the help of 600.00-560.00 Support level on the chart. 

If Olectra Greentech’s daily chart is not able to move upside and the price fall below the 520 level we can see some major fall in the chart and this may lead the price towards the 440.00-400.00 levels with the help of the 560.00 resistance level. 

Macrotech Developers Limited (LODHA)-

Macrotech Developers’ daily chart bounced from major Horizontal Support line with strong volume and price, now stock will move towards the 1200 to 1360 levels in coming days with the help of 1000 support level on the chart. 

If Macrotech Developers’ daily chart is not able to move upside and incase price fall below the 1000 level we can see some major fall in the chart with the help of 1120 resistance level non the chart. 

RPSG Ventures Limited (RPSVENT)-

RPSG Ventures’ daily chart formed Falling Wedge Pattern and now price is formed the shooting star pattern near resistance, so it’s not easy to see break out in a pattern in near time if stock able to break 580 level and sustains above this we can see some major upside towards the 640.00-760.00 levels in coming days with the help of 520.00-540.00 support level on the chart.

If RPSG Ventures’ daily chart is not able to break the 560 resistance level and trade below this we can see some more consolidation between the 560 to 465 range. 

Add a Comment

You must be logged in to post a comment

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

Table of Contents