BlogChartBook183rd ChartBook

183rd 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 huge consolidation zone and now price trading between fresh and big range 16800 resistance level to 15800 support level on the chart and now, if the price is able to hold the 16800 level and sustains above this we can see some major upside. Below this, we can see more consolidation between the range, and now if the price is able to break the 15800 level and sustains below this we can see some major fall towards the 15200 to 14800 levels below the breakdown on the chart. 

Nifty Bank-

Nifty Bank’s daily chart does not look one-sided movement, and now price trading near the 34000 support level and now, price able to break the 34000 level and sustains below this we can see some fall towards the 32500 levels, and now if the price is able to break the 36000 resistance level and sustains above this we can see some major upside towards the 37500 to 39000 levels with the help of 34000 support level on the chart. 

Nifty Metal-

The Nifty Metal’s Daily chart perfectly took support in Horizontal Line and now price consolidating between the huge range 5500 resistance level to 4900 support level, If price is able to break the 5500 level and sustains above this we can see some major upside towards the 6000-6400 levels post-breakout with the help of 5000 support level on the chart. 

If Nifty Metal’s daily chart is not able to move upside and the price fall below the 5000-4900 support level we can see some major fall towards the 4500-4000 levels with the help of the 5500 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 consolidating near the resistance level and the price is able to break the 11000 support level and sustains below this we can see some major fall towards the 10600 to 10000 levels with the help of 11600 resistance level on the chart. 

If Nifty Auto’s daily chart is able to break the 11800 level and sustains above this we will have a fresh breakout in the chart and above this, we can see some major upside towards the 13000-14000 levels with the help of 11000 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 between consolidation range and this is forming the possible Rectangle Pattern between the 39000 resistance level and 36000 support level. Currently, the price is trading near the support level and now price formed some bullish candlestick pattern, now price can move towards the 38000 to 39800 levels, and if the price is able to break the 40000 level we will have a fresh breakout and price can move towards the 40800-41800 level with the help of 38000 support level on the chart. 

Nifty FMCG’s daily chart is able to break the 36000 level and sustains below this we can see movement towards the 35000-34000 levels with the help of 38000 resistance levels on the chart. 

Nifty IT-

Nifty IT’s daily chart trading between the range 31000 resistance level to 27000 support levels, now if the price is able to break the 31000 level and sustains abvoe this we can see some major upside towards the 34000 to 36000 levels with the help of 28000 support level and if the price is able to break 27500 support level and sustains below this we can see some major fall towards the 26000-25000 levels with the help of 30000 resistance level. 

Breakout Charts

Apollo Hospitals Limited (APOLLOHOSP)-

Apollo Hospitals daily chart trading near the major horizontal support line and price consolidated at a support level, and now price indicating bounce from support, If price is able to break the 3700 level and sustains above this we can see some major upside towards the 4000-4600-5000 levels in coming days with the help of 3500 support level on the chart. 

If Apollo Hospitals’ daily chart is not able to move upside and the price fall below the 3400 support level and sustains below this we can see some major fall towards the 3200 to 3000 levels with the help of the 3800 resistance level on the chart. 

Dabur India Limited (DABUR)-

Dabur India’s daily chart is trading near the major Horizontal Support level and now price consolidating with a bullish candlestick pattern, if the price is able to break the 510 resistance level and able to hold this we can see some major upside towards the 540 to 570 levels with the help of 490-495 support level on the chart. 

If Dabur India’s daily chart is not able to move upside, and the price fall below the 490 support level we can see some major fall and this will lead the price towards the 450-400 levels with the help of the 510 resistance level on the chart. 

Hindustan Aeronautics Limited (HAL)-

Hindustan Aeronautics’ daily chart is trading near the resistance level and now price formed the Pole and flag pattern and now if the price is able to break the 1950 resistance level with the help of 1850 support level we can see some major upside towards the 2100-2300 levels with the help of 1850 support level on the chart. 

If Hindustan Aeronautics daily chart is not able to break the resistance level and sustains below this 1850-1800 support level we can see some fall towards the 1750-1700 resistance level with the help of the 1950-1900 resistance level. 

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. 

Deepak Nitrite Limited (DEEPAKNTR)-

Deepak Nitrite’s daily chart trading near the major Horizontal Support level and now price formed the bullish moring star pattern in last 3 days’ now price can move towards the 2100 to 2400 levels with the help of 1700-1750 support level on the chart.

If Deepak Nitrite’s daily chart is not able to move upside and fall below the 1700 support level we can see some major fall towards the 1400 to 1300 levels with the help of the 1900 resistance level on the chart. 

Dr. Readdy Labs Limited (DRREDDY)-

Dr. Readdy Labs’ daily chart bounced from the support and now price forming the Double Bottom pattern and now price trading near the 4500 resistance level and price trading near this level, if price is able to break the 4500 level and sustains above this we can see some major upside towards the 5000 to 5600 levels with the help of 5700 support level on the chart. 

If Dr. Readdy Labs’ daily chart is not able to break the resistance and sustains below this we can see some more consolidation between the 4500 resistance level to 3700 support level. 

Breakdown Charts

Kotak Mahindra Bank Limited (KOTAKBANK)-

Kotak Mahindra Bank’s daily chart has given a breakout in the Ascending Channel pattern and now the price is falling with strong volume in the chart, now price can move towards the 1700 to 1675 levels with the help of 1840 resistance level on the chart. 

If Kotak Mahindra Bank’s daily chart is not able to move downside and able to sustain above the 1860 level we can see some upside towards the 1960 level and this will be strong level to watch for major upside. 

Bajaj Finance Limited (BAJFINANCE)-

Bajaj Finance’s daily chart moving downside and now the price has given a breakdown in Inverted Pole and Flag pattern with strong volume and price, now price can move towards the 5250-4750 levels with the help of 5850-6000 resistance level on the chart. 

If Bajaj Finance’s daily chart not able to move downside and the price trading above the 6000 level we can see some major upside in the chart, price can move towards the 6500-7000 levels with the help of the 5600-5500 support level. 

Apollo Tyres Limited (APOLLOTYRE)-

Apollo Tyres’ daily chart trading inside the Rectangle Pattern and now price formed the Ascending Channel and now price is moving downside with a breakout, and now price can move towards the 180-170 levels with the help of 210 resistance level on the chart pattern.  

If Apollo Tyres’ daily chart is not able to move downside and trade above this 220 level we can see some major upside toward the resistance line in the chart with the help of the 200 support level on the chart. 

Hindalco Industries Limited (HINDALCO)-

Hindalco Industries’ daily chart moving downside below the support level and now price formed the Inverted Pole and Flag pattern, with strong volume in the chart, but the price is not looking strong, if the price is able to break the 380 level we can see some major fall towards the 340-320 support level with the help of 400 resistance level on the chart. 

If Hindalco’s daily chart is not able to move downside and the price is able to sustain above the 400 level we can see some possible consolidation between the 400 support to 440 resistance level, if the price is able to break the 440 level we can see some major upside in the chart. 

First Source Solutions Limited (FSL)-

First Source Solutions’ daily chart trading inside the long rectangle pattern, if the price is able to break the 100 level and sustains below this we can see some major fall towards the 80 to 66 levels with the help of 104-110 resistance level on the chart pattern.  

If FSL is not able to break the 100 support level we can see some more consolidation between the 100.00 to 116.00 consolidation range. 

Indiabulls Housing Finance Limited (IBULLHSGFIN)-

Indiabulls Housing Finance’s daily chart moving downside according to Rectangle Pattern and now price is formed the Inverted Pole and Flag pattern, now price is able to break the 105 level and sustains below this we can see some major fall towards the 90 to 80 levels with the help of 120 resistance level on the chart. 

If Indiabulls Housing Finance’s daily chart is not able to move downside and the price is able to hold the 120 level we can see some major upside in the chart with the help of the 110 support level on the chart.  

Cash Charts

Navkar Corporation Limited (NAVKARCORP)-

Navkar Corporation’s weekly chart has given a breakout in the Rectangle Pattern with a strong range of 54 resistance to 13 support, now price is moving upside with strong volume and price, if the price is able to sustain above the 62 levels we can see some major upside towards the 100 to 140 levels with the help of 40-45 support level on the chart pattern. 

If Navkar Corporation’s daily chart is not able to move upside and fall below the 52 levels we can see some more consolidation between the strong range. 

V2 Retail Limited (V2RRETAIL)-

V2 Retail’s daily chart is trading near the Horizontal support level, and now the price is moving upside with strong volume in the chart, now price can move towards the 160.00-200.00 levels with the help of 110 support level on the chart. 

If V2 Retail’s daily chart is not able to move upside and if the price falls below the 100 level we can see some major fall towards the 80.00 to 60.00 levels with the help of the 120.0 resistance level. 

Marathon Nextgen Limited (MARATHON)-

Marathon Nextgen’s weekly chart is moving upside according to the recent breakout in the Cup and Handle pattern, and now p[rice trading at the Rounding Bottom pattern, now price can move towards the 260.00 to 320.00 levels with the help of 140.00/120.00 support level on the chart. 

If Marathon Nextgen’s weekly chart is not able to move upside and price trading below the 140 level we can see some major fall and below this, we can see some more consolidation between the 140 to 100 range. 

Satia Industries Limited (SATIA)-

Satia Industries’ daily chart trading inside the Curve pattern and price moving upside with some strong volume and price, If price is able to break the 125.00 level and sustains above this we can see some major upside towards the 140.00 to 150 levels with the help of 105/110.00 support level on the chart. 

If Satia’s daily chart is not able to move upside and prices fall below the 100 level we can see some major fall in the chart with the help of the 125 resistance levels. 

Welspun Enterprises Limited (WELENT)-

Welspun Enterprises’ daily chart has given a breakout in the Descending Channel pattern and now price picking upside with strong volume and price, now price can move towards the 130 to 150 levels in coming days with the help of 100.00 support level on the chart. 

If Welspun Enterprises’ daily chart is not able to move upside and the price fall below the 92.00 level we can see some major fall in the chart and the price will consolidate between the 96 to 70 range. 

Oriental Aromatics Limited (OAL)-

Oriental Aromatics’ daily chart is trading at the Major Horizontal Support, and now price is moving upside after huge consolidation and now price is trying to move upside towards the 700.00 to 850.00 levels with the help of 500/550 support level on the chart. 

If OAL’s daily chart is not able to move upside and the price break the 500.00 level and sustains below this we can see some major fall towards the 440.00-360.00 levels with the help of the 550.00 resistance level on the chart. 

Charts to Watch

PC Jeweller Limited (PCJEWELLER)-

PC Jeweller’s Daily chart trading between the huge range, and price trading between the strong range, and now price trying to show some strength, if the price is able to break the 30.00 level and sustains above this we can see some major upside towards the 50.00-90.00 levels with the help of 25.00-30.00 support level on the chart. 

If PC Jeweller’s daily chart is not able to break the resistance level we can see some more consolidation between the 20 to 50 consolidate range. 

Abbott India Limited (ABBOTINDIA)-

Abbott India’s daily chart trading inside the Cup and Handle Pattern, and now price trading near the 18400 resistance level and if price able to break the 18400 level we can see some major upside towards the 20000-23000 levels with the help of 18000-17500 support level on the chart. 

If the price is not able to break the 18400 level and sustains below this we can see more consolidation between the range 18400 resistance and 17500 support level. 

Tree House Education Limited (TREEHOUSE)-

Tree House Education’s weekly chart moving according to the Rounding Bottom pattern and now price is trading at the 16.8 level and now the price is trying to move upside towards the 24.00 to 32.00 levels in the coming days with the help of the 12.00/8.00 support level on the chart. 

If Tree House Education’s weekly chart is not able to move upside and the price fall below the 14.00 level we can see some major fall and consolidation will be between the 5 to 14.00 levels.  

Novartis India Limited (NOVARTIND)-

Novartis India’s daily chart is trading inside the Falling Wedge Pattern and now the price is trying to move upside if the price is able to break the 640/650 level and sustains above this we can see some major upside towards the 760.00 to 920.00 levels with the help of 575.00-550.00 support level on the chart. 

If Novartis India’s daily chart is not able to move upside and chart trades below the 650 resistance level we can see some more consolidation between the 550 support to 650 resistance levels. 

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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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