BlogChartBook190th ChartBook

190th 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 moved according to the chart after the breakout in resistance with Breakaway Gap, and now price still moving with strong candlestick patterns. Price can move towards the 17800-18350 levels in the coming days with the help of 17000 support levels on the chart. 

If the Nifty’s daily chart is not able to move upside and trade below the 17000 level we can see some downside towards the 16800 level, and below this support level, we can see some major fall and consolidation between the 16400 to 17000 range. 

Nifty Bank-

Nifty Bank’s daily chart perfectly moved according to last week’s breakout in a double bottom pattern and still, the price is looking good here, if the price is able to break the 37775 level and sustains above this we can see some major upside towards the 39200 levels with the help of 37200 support level on the chart. 

If Nifty Bank’s daily chart is not able to move upside and trade below the 37200 level we can see some more consolidation between the 36000 support to 37200 range. 

Nifty IT-

The Nifty IT’s daily chart perfectly bounced from Horizontal Support and is now price trading at a fresh breakout in the double bottom pattern. Now, the price can pick speed in the coming days, and the price can move towards the 32000 to 35000 levels with the help of the 28500 support level on the chart. 

If Nifty IT’s daily chart is not able to move upside and trade below the 28500 level we can see some more consolidation between the 26500 support level to 28500 resistance level. 

Nifty Auto-

Nifty Auto’s Weekly chart trading at a fresh breakout in Cup and Handle Pattern, now price moving upside with strong candlesticks pattern, and price can move towards the 15000-16000 levels in coming days with the help of 11500 support level on the chart. 

If Nifty Auto’s weekly chart is not able to move upside and fall below the 11600 level, we can see consolidation between the 9300 support to the 12000 resistance level. 

Nifty Financial Services-

Nifty Financial Services’ daily chart trading inside the rectangle pattern, & price has given breakout in Double bottom pattern, in coming days price can move towards the 18400-19600 levels with the help of 17000 support level on the chart.

If Nifty Financial Services’ daily chart is not able to move upside and trade below the 16800 level we can see some more consolidation between the 14800 support level to 16800 resistance level.  

Nifty Realty-

Nifty Realty’s daily chart trading according to Double Bottom pattern breakout, and now price is trading at 450 level from 410 level. In the coming days, we can see some more upside towards the 470-490 levels with the help of the 420 support level on the chart.

In case the price is able to break the 490 level we will have a fresh breakout in the chart and above this, we can see some major upside towards the 560 levels with the help of the 440.00 support level. 

If the price is not able to move upside and trade below the 450 level we can see some more consolidation between the 450 resistance to the 400 support level.  

Nifty FMCG-

Nifty FMCG’s daily chart perfectly moved according to recent Cup and Handle with a gain of 10% in the patternCurrently, the price is trading at a fresh breakout in Curve Pattern with strong candlestick’s, the price can move towards the 45000-47500 levels in the coming days with the help of the 41600 support level on the chart. 

If Nifty FMCG’s daily is not able to move upside and trade below the 42000 level we can see some fall towards the 40000 to 42000 range. 

Nifty Energy-

Nifty Energy’s daily chart trading at a fresh breakout in Inverted Head and Shoulder pattern with strong price movement in last 3 days, now price can move towards the 27500-29000 levels with the help of 25000 support level on the chart. 

If the Price is not able to move upside and trade below the 25000 level we can see some more consolidation between the fresh range of 24500 to 25800 levels. 

Nifty Infra-

Nifty Infra’s daily chart perfectly took support at 4400 level and now price moving upside with long range, and runaway gaps. Price can move towards the 5120 to 5320 levels in near time with the help of the 4800 support level on the chart. 

If the Price is not able to move upside and trade below the 4800 level we can see some more consolidation between the old range 4520 to 4850 levels. 

Breakout Charts

SBI Life Insurance Limited (SBILIFE)-

SBI Life Insurance’s daily chart trading at a fresh breakout in Rectangle pattern with Breakaway gap and strong volume, now price can move towards the 1450-1600 levels in coming days with the help of 1260 support level on the chart. 

If the Price is not able to move upside and trade below the 1280 level we can see some more consolidation between 1290 to 1040 (Rectangle Range).

Dr. Lal Pathlabs Limited (LALPATHLAB)-

Dr. Lal Pathlabs’ daily chart perfectly taking support at Horizontal Line, and now price breaking out the Ascending Triangle Pattern with strong volume and price, now price can move towards the 2700-3300 levels in coming days with the help of 2150 support level on the chart. 

If Lalpathlab’s daily chart is not able to move upside and trade below the 2200 level we can see some more consolidation between the Triangle Range 2250 to the 1950 support level. 

Info Edge Limited (NAUKRI)-

Info Edge’s daily chart took strong support at a strong Horizontal Line, and now price trading at a fresh breakout in Ascending Triangle Pattern with strong volume and strong candlestick pattern. Now price can move towards the 5000 to 5800 levels with the help of 4000 support level on the chart. 

If the Price is not able to move upside and trade below the 4200 level we can see some more consolidation between the 4200 to 3800 (Triangle range).

Indian Rail Tour Corporation Limited (IRCTC)-

Indian Rail Tour Corporation’s daily chart is trading at a major horizontal support line, and now the price is showing some reversal after forming the series of dojis. Price can move towards the 720 to 920 levels in the coming days with the help of 600 support levels on the chart. 

If IRCTC is not able to move upside and trade below the 600 level we can see more consolidation between the 600 to 560 range. 

Metropolis Healthcare Limited (METROPOLIS)-

Metropolis Healthcare’s daily chart consolidated at the support level and now the price is trying to reverse from support after forming some bullish candlestick. If the price is able to break the 1600 level and sustains above this we can see some major upside towards the 1900 to 2200 levels with the help of the 1490 support level on the chart. 

If Metropolis Healthcare’s daily chart is not able to move upside and trade below the 1600 level we can see more consolidation between the 1360 to 1400 range. 

ICICI Prudential Limited (ICICIPRULI)-

ICICI Prudential’s daily chart is trading at a fresh breakout in a Symmetrical Triangle pattern with strong volume and price, and now the price has only resistance near the 562 level, if the price is able to break this level we can see some major upside towards the 640 to 680 levels with the help of 530 support level on the chart. 

If ICICIPRULI’s daily chart is not able to move upside and trade below the 520 level we can see some more consolidation between the 490 to 540 levels. 

Coal India Limited (COAL INDIA)-

Coal India’s weekly chart trading inside the strong Ascending Triangle Pattern and now price trading near the resistance level, if the price is able to break the 215 level and sustains above this we can see some major upside towards the 280.00 & 350.00 levels with the help of 190.00 support level on the chart. 

If Coal India’s daily chart is not able to move upside and trade below the 215 level we can see some more consolidation between the triangle range 160.00 support to 215.00 resistance. 

Breakdown Charts

State Bank of India Limited (SBIN)-

State Bank of India’s daily chart trading inside the Rectangle pattern and now price is trading near the resistance level with evening start and price is indicating possible reversal but volume is missing, so we need to the additional confirmation below the 520 level. In case the price is able to break the 520 level and sustains below this we can see some major fall towards the 490.00-460.0 levels with the help of the 520 resistance level. 

If SBIN’s daily chart is able to break the 550 level and sustains above this we will have a fresh breakout in Rectangle Pattern at an all-time high and above this price can move towards the 620-700 levels with the help of 500-480 support level. 

Canara Bank Limited (CANBK)-

Canara Bank’s daily chart is trading near the Horizontal resistance level, and now the price is trying to reverse from here, if the price is able to break the 220 level and sustains below this we can see some major fall towards the 200 to 180 levels with the help of 230 resistance level on the chart. 

If Canara Bank’s daily chart is not able to move downside and able to break the 232 level we can see some major upside towards the 250 resistance level. 

Jubilant FoodWorks Limited (JUBLFOOD)-

Jubliant Foodwork’s daily chart is trading inside the Rectangle Pattern (similar to Last week’s Dixon) with the range of 600 to 450 levels, and now the price is trading near the resistance level with bearish candlesticks and now if the price is able to break the 540 level and sustains below this we cans ee some major fall towards the 480 to 460 levels with the help of 580 resistance level. 

If Price is not able to move downside and trade above the 600 level we can see some major upside towards the 700 level. 

Panjab National Bank Limited PNB)-

Punjab National Bank’s daily chart trading in a downtrend and now the price is trading at a diagonal support level with an evening star pattern, if the price is able to break the 31.0 level and sustains below this we can see some major fall towards the 28.00 to 26.00 levels with the help of 32.00 resistance level on the chart. 

If PNB’s daily chart is not able to break the 31.00 level and trade above this we can see some more consolidation between the 33 to 31 range. 

Shriram Transport Limited (SRTRANSFIN)-

Shriram Transport’s daily chart is trading near the resistance level with indecisive candlestick patterns, now price is reversing from resistance with strong volume and price, now price can move towards the 1225 to 1050 levels with the help of 1450-1475 resistance level on the chat. 

If Srtransfin’s daily chart is able to break the 1500 level and sustains above this we can see some major upside towards the recent high. 

Granules India Limited (GRANULES)-

Granules’ daily chart is trading near the resistance level, & price formed the indecisive candlestick pattern with strong volume, if the price is able to break the 295.00 level and sustains below this we can see some major downside toward the 275 to 245 levels with the help of 310 resistance level on the chart. 

If Granules’ daily chart is able to break the 315 level and sustains above this we can see some more consolidation between the 330 resistance and a major breakout above the 330 level on the chart. 

Bullish Cash Charts

GMM Pfaudler Limited (GMMPFAUDLR)-

GMM Pfaudler’s daily chart has given a fresh breakout in the Symmetrical Triangle pattern with strong volume and price, and now price can move towards the 2000 to 2300 levels in coming days with the help of 1400-1500 support level on the chart.

If GMM Pfaudler’s daily chart is not able to move upside and trade below the 1550 level we can see some more consolidation between the 1300 support level to the 1550 resistance level.  

Patanjali Foods Limited (PATANJALI)-

Patanjali’s daily chart trading inside the symmetrical Triangle pattern and now the price is moving strongly with bullish candlesticks. If the price is able to break the 1200 level and sustains above this we can see some major upside towards the 1500-1600 levels with the help of the 1050 support level on the chart. 

If Patanjali’s daily chart is not able to move upside and trade below the 1200 level we can see more consolidation between the Symmetrical Triangle pattern range from 1200 resistance to 800.00 Support level. 

West Coast Paper Limited (WSTCSTPAPR)-

West Coast Paper’s weekly chart has given a fresh breakout in Curve Pattern with strong volume and price, and now price moving towards the 460 to 500 levels in coming days with the help of 380-400 support level on the chart. 

If West Coast Paper’s weekly chart is not able to move upside and trade below the 400 level we can see some more consolidation and fall between the range 300 to 420 levels. 

Finolex Cables Limited (FINCABLE)-

Finolex cables’ daily chart is bouncing from the support level and now price is trading near the resistance level of 425 level, and in case of price is able to break the 425 level and sustains above this we can see some major upside towards the 500-600 levels with the help of 400 support level on the chart. 

If Finolex’s daily chart is not able to move upside and trade below the 420 level we can see some more consolidation between the 420 resistance to 340 support level. 

Sequent Scientific Limited (SEQUENT)-

Sequent’s daily chart has given breakout in the Descending Channel pattern with strong volume and price, now price can move towards the 160 to 250 levels with the help of 110 support level on the chart. 

If Sequent’s daily chart is not able to move upside and trade below the 110 level we can see some consolidation between the 80 to 120 range. 

Enke Wheels (India) Limited (ENKEIWHEL)-

Enke Wheel’s weekly chart is trading at a fresh breakout in Curve Pattern with strong volume and price. Now, the price can move towards the 650-750 levels with the help of the 500-480 support level on the chart. 

If Enke Wheel’s daily chart is not able to move upside and trade below the 500 level we can see some more consolidation between the 380 to 500 range. 

Commodity Charts

GOLD-

Gold’s 4H Chart trading inside the Descending Channel pattern, and now price trading at major resistance level, if the price can break the 51600 level and sustains above this we can see some major upside towards the 53600 to 55200 levels with the help of 50800-50400 support level on the chart. 

If Gold’s 4H Chart is not able to move upside and trade below the 51600 level we can see some more consolidation between the triangle range 51600 to 50000 levels.

SILVER-

Silver’s daily chart trading inside the Rectangle pattern and now price is trying to move upside from support with strong volume and price, now price can move towards the 6400 to 72000 levels with the help of 54000 support level on the chart. 

If Silver’s daily chart is not able to move upside and trade below the 54000 level we can see a fall towards the 50000-46000 levels. 

ALUMINIUM-

Aluminum’s daily chart is trading at a major horizontal line, and currently price holding the support at the 200 level with an indecisive candlestick pattern, and in case the price is able to break the 215.00 level and sustains above this we can see some major upside towards the 230.00-250.00 levels in coming days with the help of 200.00 support level on the chart. 

If Aluminium’s daily chart is able to break the 200 level and sustains below this we can see some fall towards the 185.00-170.00 levels in coming days with the help of 210 resistance level on the chart. 

ZINC-

ZINC’s daily chart is trading at a horizontal Support line and now the price is getting strong with a strong candlesticks pattern price can move towards the 325-340 levels in the coming days with the help of the 275 support level on the chart. 

If the Price is not able to move upside and trade below the 280 level we can see some more consolidation between the 280 to 260 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 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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