150th ChartBoook

DisclaimerMr. 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 […]

149th 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 daily chart perfectly moved downside as per last week chart after the small Doji pattern, now price trading again at recent consolidation zone and now price formed the Doji pattern at this range and now if price breaks the 17600 level and sustain above this we can see some upside movement towards the 17850-17950 level and major upside-only above 18000 level on the chart. 

Now Nifty if not able to bounce here and if break the 17450 level and sustain below this we can see more consolidation between the 17150 to 17450 levels, this will be much important for the chart movement. 

Nifty Bank-

Nifty Bank daily chart trading between the Ascending Channel pattern and now index has formed the Hammer pattern near support, now if price breaks the 37500 level and above this, we can see more confirmation between the Ascending Channel Pattern. 

Nifty Bank daily chart if break the 36600 level and sustain below this we can see more consolidation here between the range. 

Nifty IT-

Nifty IT daily chart perfectly reverse from upside according to Gravestone doji and now price again trading at our major support level between the range 33500 to 34500 levels. If the Nifty IT daily chart if break the 33500 level and sustain below this we can see some major breakdown on the chart and stock may move towards the 32000-30000 levels, and if Price not able to break the support range we can see a reversal here and the price is still in Uptrend Channel Pattern. 

Nifty Metal-

Nifty Metal Daily Chart perfectly trading between the Rectangle Pattern and now if price breaks the 5400 level and if Index break this support level we can see some major downside towards the 5200-5000 levels in coming days, and if Nifty Metal daily chart not able to break we can see more consolidation between the 5400 to 5950 levels, and major breakout only above the 5950 level on the chart. 

Nifty FMCG-

Nifty FMCG daily charts moving downside in recent few days, and now price finally trading near consolidation range, if Nifty FMCG daily charts if able to break the 41000 level and sustain above this we can see some major breakout towards the 42000-44000 levels in coming days with the help of 40000 support level. 

Nifty daily chart if not able to bounce from support and break 40000 level we can see some major breakdown on the chart according to chart. and price may fall up to 38000-37000 levels. 

Nifty Auto-

Nifty Auto’s daily chart perfectly moved according to the chart pattern, and now the price again fallen and trading is near the support level with are formed by the recent resistance level. Now price formed the hammer pattern here, and price may move towards the 11000-11200 levels according to chart with the help of 10400 support level, and if Nifty Auto break the 10400 level and sustain below this we can see some major fall on price. 

Nifty Pharma-

Nifty Pharma daily chart trading between the rectangle pattern, now finally price looking good here and now if index break the 14850 level and sustain above this we can see some major breakout towards the 15100-15400 levels in coming days with the help of 14250-14300 support level on the chart. 

If the Nifty Pharma’s daily chart is not able to break the resistance level we can see can more consolidation between the range 14750 to 13600 levels on the chart. 

Breakout Charts

MRF Ltd (MRF)-

MRF daily chart has given breakout in the Descending Triangle pattern with strong volume and price formation, now price may move towards the 92500 to 100000 levels in coming days with the help of 80000/825000 support level on the chart. 

MRF daily if not able to move upside and if price break the 75000 level and sustain below this we can see some major fall in the price but this will be only below 75000 level. 

Indiamart Intermesh Ltd (INDIAMART)-

Indiamart daily chart has given breakout in the Pennant Pattern with strong volume and price, now stock may move towards the 9200 to 9950 levels in coming days, with the help of 8400 support level on the chart. 

Indiamart daily chart if break the 8000 level and sustain below this we can see some major downside towards the 7200 level on the chart. 

Bank of Baroda (BANKBARODA)-

Bank of Baroda trading between the Ascending Triangle Pattern, and now price finally moving upside according to chart and now if the price break the 88 level a sustain above this we can see some major upside towards the 96.00-102.00 levels in coming days with the help of 84.00 support level. 

If stock is not able to break the resistance level we can see some more consolidation between the triangle pattern between 76 to 90 levels. 

City Union Bank (CUB)-

CUB daily chart has given breakout in the Descending Channel pattern and now if the price breaks the 168 level and sustains above this we can see some major upside towards the 184-190 levels in coming days with the help of 160 support level. 

CUB daily chart if not able to move according to fresh breakout we can see more consolidation between the 144 to 165 level on the chart. 

Breakdown Charts

Tata Steel Ltd (TATASTEEL)-

Tata Steel daily chart moving downside according to chart and now price consolidated between small triangle pattern and now price formed the gravestone Doji here, now if Tata Steel breaks the 1270 level and sustain below this we can see some major downside towards the 1153-1050 levels in coming days with the help of 1300-1320 resistance level on chart. 

Tata Steel if break the 1350 level and sustain above this we can see more consolidation between the rectangle pattern. 

ICICI Prudential Ltd (ICICIPRULI)-

ICICI Pruli daily chart moving as per Ascending Channel pattern and now price reversing from the retest level with strong price as well price, now price if able to sustain below 650 level we can see some major fall towards the 600/550 level in coming days with the help of 680 resistance level. 

Stock if able to break the 700 level we can see some major upside chart according to price and formation. 

Max Financial Service Limited (MFSL)-

MFSL daily chart formed the Curve pattern and now if the price breaks the 960 level and sustains below this we can see some major downside towards the 920-840 level in the coming days with the help of 1040 resistance level. 

MFSL if not able to break down we can see consolidation between the 1160-960 levels and major breakout only above the 1150 level. 

Gujarat Gas Limited (GUJGASLTD)-

Gujarat Gas daily chart trading between the inverted pole and flag pattern and now if price break 600 we can see fresh breakdown and price may move towards the 550-500 level post breakdown with the help of 650 resistance level. 

Gujgas if not able to breakdown the pattern and break the 650 level we can see some major bounce on price chart. 

Cash Charts

Kamat Hotels India Ltd (KAMATHOTEL)-

Kamat Hotel’s daily chart has given breakout in the Inverted head and shoulder pattern (Long Length) with strong volume and price action too, now stock may move towards the 80-110 levels in coming days with the help of 40.00 support on price. 

Kamat Hotel daily chart if failed to move upside and break the 40 levels we can see more consolidation and some downside on the chart. 

Ashima (ASHIMASYN)-

Ashima daily chart trading in the cup and handle pattern and now price trading above the Breakout level with strong volume and price. Now stock price may move towards the 28 to 35 levels with the help of 16 support levels. 

Ashima daily chart if break the 16 levels and sustain below this we can see some major fall in the price according to chart. 

Shivam Autotech Ltd (SHIVAMAUTO)-

Shivam Auto’s daily chart has given breakout in the Rectangle pattern with strong volume and price, now the price may move towards the 45 to 55 levels in the coming days with the help of 20 levels on the chart pattern. 

Shivam Auto daily chart if not able to move upside and if price breaks the 25 levels we can see some major fall and consolidation between the 10 to 30  range. 

Prince Pipes Fittings Ltd (PRINCEPIPES)-

Prince Pipes daily chart has given breakout in the Inverted Head and Shoulder pattern with strong volume and price, now price may move towards the 850 to 900 levels in coming days with the help of 720 support level on chart. 

Prince Pipes daily chart if break the 680 level and sustain below this we can see some major fall in price with the help of 720 resistance level. 

Rane Madras Ltd (RML)-

RML daily chart trading in Curve pattern and price also forming the Symmetrical Triangle Pattern, now if price break the 420 level and sustain above this we can see some major upside towards the 550-700 levels in coming days with the help of 350 support level. 

RML daily chart if break the 350 level and sustain below this we can see some major fall in the price. 

Ashoka Buildcon Ltd (ASHOKA)-

Ashoka Daily chart has given breakout in Descending Line and with strong volume and price, now the price may move toward the 140-170 levels in coming days with the help of 90/95 support level on the chart. 

Ashoka Daily chart if break the 90 levels and sustain below this we can see some major fall in the price. 

Charts to Watch

Intrasoft Technology Limited (ISFT)-

ISFT daily chart trading in the rounding bottom pattern and now if price able to break the 125 to 130 level we can see a fresh breakout in the price and after this, we can see some major upside towards the 240/320 levels with the help of 80 support level. 

Price still trading below the breakout level and if stock is not able to break the resistance we can see some more consolidation between the 40 to 130 range. 

TVS Srichakara Ltd (TVSSRICHAK)-

TVS Srichkara Daily chart has given breakout in the Ascending Triangle pattern with strong volume and this pattern also looking like Cup and Handle pattern, but the price is not supported here so we can see consider this as a weak breakout. If stock is able to cross the 2400 level now with strong volume and price we can see some major upside towards the 3000-3400 levels in the coming days with the help of the 2000 support level.  

TVS if not able to move upside and break the 2000 support level we can see fall in the price and next major supports will be near 1000 and 1400. 

Nitco Ltd (NITCO)-

NITCO daily chart trading in the Descending triangle pattern and now if price breaks the 30 levels and sustain above this we can see some major upside in price and if Nitco is not able to break this level we can see more consolidation between the 13 to 32 levels as per price pattern. 

148th 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 daily chart perfectly moved downside as per last week chart after the small Doji pattern, now price trading again at recent consolidation zone and now price formed the Doji pattern at this range and now if price breaks the 17600 level and sustain above this we can see some upside movement towards the 17850-17950 level and major upside-only above 18000 level on the chart. 

Now Nifty if not able to bounce here and if break the 17450 level and sustain below this we can see more consolidation between the 17150 to 17450 levels, this will be much important for the chart movement. 

Nifty Bank-

Nifty Bank daily chart trading between the Ascending Channel pattern and now index has formed the Hammer pattern near support, now if price breaks the 37500 level and above this, we can see more confirmation between the Ascending Channel Pattern. 

Nifty Bank daily chart if break the 36600 level and sustain below this we can see more consolidation here between the range. 

Nifty IT-

Nifty IT daily chart perfectly reverse from upside according to Gravestone doji and now price again trading at our major support level between the range 33500 to 34500 levels. If the Nifty IT daily chart if break the 33500 level and sustain below this we can see some major breakdown on the chart and stock may move towards the 32000-30000 levels, and if Price not able to break the support range we can see a reversal here and the price is still in Uptrend Channel Pattern. 

Nifty Metal-

Nifty Metal Daily Chart perfectly trading between the Rectangle Pattern and now if price breaks the 5400 level and if Index break this support level we can see some major downside towards the 5200-5000 levels in coming days, and if Nifty Metal daily chart not able to break we cans ee more consolidation between the 5400 to 5950 levels, and major breakout only above the 5950 level on the chart. 

Nifty FMCG-

Nifty FMCG daily charts moving downside in recent few days, and now price finally trading near consolidation range, if Nifty FMCG daily charts if able to break the 41000 level and sustain above this we can see some major breakout towards the 42000-44000 levels in coming days with the help of 40000 support level. 

Nifty daily chart if not able to bounce from support and break 40000 level we can see some major breakdown on the chart according to chart. and price may fall up to 38000-37000 levels. 

Nifty Auto-

Nifty Auto’s daily chart perfectly moved according to the chart pattern, and now the price again fall and trading is near the support level with are formed by the recent resistance level. Now price formed the hammer pattern here, and price may move towards the 11000-11200 levels according to chart with the help of 10400 support level, and if Nifty Auto break the 10400 level and sustain below this we can see some major fall on price. 

Nifty Pharma-

Nifty Pharma daily chart trading between the rectangle pattern, now finally price looking good here and now if index break the 14850 level and sustain above this we can see some major breakout towards the 15100-15400 levels in coming days with the help of 14250-14300 support level on the chart. 

If the Nifty Pharma’s daily chart is not able to break the resistance level we can see can more consolidation between the range 14750 to 13600 levels on the chart. 

Breakout Charts

Mahindra and Mahindra Ltd (M&M)-

Mahindra and Mahindra daily chart perfectly moved according to last week chart and Ascending Triangle Pattern, now stock again moving with strong candlestick and price is also supporting for an upside move, now stock may move towards the 850 to 900 levels in coming days, the stock has major support near 800 level on the chart. 

Mahindra and Mahindra have a strong support zone near the 725-750 levels and this level will decide the future of stock in the coming days. 

Metropolis Healthcare (METROPOLIS)-

Metropolis daily chart trading in strong the Rectangle Pattern and now stock forming the bullish engulfing here with strong volume bounce, now price may move towards the 2900 to 3100 levels in coming days, the stock has major strong support near the 2600 level on the chart. 

Metropolis daily chart if break the 2600 level and sustain below this we can see some major downside towards the 2300/2200 levels on the chart. 

Bandhan Bank (Bandhanbnk)-

Bandhan Bank daily chart trading in the Descending Channel pattern and now price formed some major consolidation between range and now price bouncing with a strong candlestick, but volume is missing. If stock is able to break the 292-295 level and sustain above this we can see some major movement towards the 310-320 levels in the coming days with the help of 280/275 support level. 

Bandhan Bank daily chart if break the 275 level and sustain below this we can see some major downside on chart pattern. 

Manappuram Finance (Manappuram)-

Manappuram Daily chart trading in the Rectangle Pattern and we have seen a strong and perfect reversal from the support level, and now volume and price both supporting the bounce from here, and now the price may move towards the 190-210 levels in coming days with the help of 170 support level on the chart. 

If Manappuram Daily chart is not able to move upside and break the 160 level we can see more consolidation between the 140 to 170 level on the chart. 

Dixon Technologies (Dixon-

Dixon daily chart has given breakout in Rectangle Pattern and this stock in the open sky now with strong volume, now price may move towards the 5200-5500 levels in coming days, the stock has major support near the 4400 level on the chart. 

Dixon daily chart if not able to sustain above breakout and if stock break the 4600 level we can see some more consolidation between our Rectangle Pattern. 

Breakdown Charts

Asian Paints (ASIANPAINTS)-

Asian Paints daily chart trading between the Ascending Channel pattern and now price is falling with strong candlestick price, now if stock break the 3150-3100 level and sustain below this we can see some major downside towards the 3000-2800 levels in coming days, with the help of 3300 resistance level on the chart. 

Ascending Channel pattern if not able to break the 3150 level we can see some more consolidation between the channel pattern. 

Gujarat Gas Ltd (GUJGASLTD)-

Gujarat Gas Daily chart trading near a support level, now price is forming bearish marubozu with strong volume, now if stock break the 600 level and sustain below this we can see the downside towards the 550-500 levels in coming days, with the help of 630 resistance level. 

Gujarat Gas daily chart if break the 650/675 level and sustain above this we can see some major breakout on the chart pattern. 

Mphasis Ltd (MPHASIS)-

Mphasis daily chart trading in ascending broadening wedge pattern and now price trading at support level, if stock break the 3000 level and sustain below this we can see some major downside towards the 2800-2600 levels in coming days with the help of 3100-3150 resistance level. 

Mphasis daily chart if break the 3150 level and sustain above this we can see some major breakout towards the 3300-3400 levels in coming days. 

Cash Charts

Kirloskar Ferrous India Limited (KIRLFER)-

Kirlfer daily chart trading at the major horizontal support level and now the price has given breakout in small rectangle pattern with strong volume and price. Now Kirlfer daily chart may move towards the 270/310 levels in the coming days with the help of the 250-240 support levels on the chart. 

Kirlfer daily chart, now if break the 240 level we can see more consolidation between the pattern, and now if stock break the 220 level and sustain below this we can see some major downside on the chart. 

Dynamic Products (DYNPRO)-

The dynamic daily chart has given breakout in the ascending triangle pattern with strong volume and price, now stock may move towards the 700-750 levels in coming days, with the help of 560-580 level on chart. 

Dynamic daily chart if break the 520 level and sustain below this we can see some major fall on price pattern. 

Titagarh Wagons Limited (TWL)-

TWL daily chart finally moving according to our Curve Pattern, with strong volume and price, now stock may move towards the 120-150-170 levels in coming days with the help of 90.00-80.00 support level on the chart. 

TWL daily chart if break the 80 levels and sustain below this we cans ee some fall on price pattern. 

The Grob Tea Company (GROBTEA)-

Grobtea daily chart trading in the Curve pattern and now stock took support level with strong volume and price, now stock may move bounce here and price may move towards the 1300-1400 levels. If Grobtea daily chart if break the 1400 level and sustain abvoe this we can see some major breakout towards the 1800-2000 levels in coming days with the help of 1000 support level. 

Grob Tea is low volume stock, if stock break the 1000 level and sustains below this we can see some major fall in price. 

GPT Infraprojects (GPTINFRA)-

Gptinfra curve chart moving in upside and now the price has given breakout in the Pole and flag pattern, now stock may move towards the 120 to 150 levels in coming days, with the help of 80-75 support level. 

Gptinfra daily chart if break the 75 levels and sustain below this we can see some major fall on price. 

JK Cements (JKCEMENT)-

JK Cements daily chart trading in the Rectangle pattern and now price took strong support near lower line with strong volume and price, now stock may move towards the 3400-3600 levels in coming days with the help of 3000 support level on chart. 

JK Cements daily chart if break the 3000 level and sustain below this we can see some fall in the price pattern. 

Charts to Watch

Dr. Reddys Labs (DRREADDY)-

Dr. Reddy’s daily chart formed the cup and handle pattern and now price trading near breakout level with less volume. If stock break the 5000 level we can see some major upside towards the 5200-5500 levels post-breakout with the help of 4750 support level. 

If Dr Reddy not able to break resistance we can see some major consolidation between the 4700 to 5000 levels. 

Colgate Palmolive (COLPAL)-

Colpal daily chart trading between the rectangle pattern, and now price is formed the bullish engulfing, but volume is missing. Now if stock is able to break the 1700 level we can see upside towards the 1740 level and if stock break the 1740 level we can see some major breakout and movement on the chart. 

Colpal if not able to upside and break the 1640 level and sustain below this we cans ee some major fall in stock price. 

Lupin Ltd (LUPIN)-

Lupin daily chart took support at Horizontal Line and now price formed the Descending Triangle pattern and now price bouncing but volume is missing. Now if Lupin is able to sustain here above the 975 level we can see some major breakout towards the 1025-1075 levels in the coming days with the help of the 950-930 support level. 

Monte Carlo Fashion (MONTECARLO)-

Monte Carlo Fashion daily chart trading between the curve pattern and now if stock break the 390 level and sustain above this we can see some major breakout towards the 480-600 levels in coming days with the help of 315-330 support level. 

Montecarlo daily chart if break the 315 level and sustain below this we can see some major fall on price. 

Ingersoll Rand Rover (INGERRAND)-

Ingerrand daily chart trading between the Rectangle Pattern and now price bouncing with strong volume and price, now if stock break the 1030 level and sustain here we can see some major upside towards the 1100-1200 levels in coming days with the help of 975 support level on the chart. 

Rectangle Pattern if break the 975 level and sustain below this we can see some consolidation between the rectangle pattern. 

Apollo Micro System (APOLLO)-

Apollo Micro System’s daily chart trading in long Inverted head and shoulder pattern, now if stock break the Apollo stock resistance level 150 level we can see some major breakout towards the 200-250 levels in coming days with the help of 100-120 support level on the chart. 

Apollo Stock if break the 100 level we can see more consolidation between the range. 

147th 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 daily chart trading at all-time high and now price formed the small candlestick here and now if index able to sustain above 18000 levels we can see some major upside on the chart pattern, and we can simply compare Nifty with Nifty IT. Currently Nifty not looking weak and still bulls looking strong here. 

If Nifty is not able to show upside and break the 17500 levels we can see some more consolidation between the recent small rectangle zone. 

Nifty Bank-

Nifty Bank trading near all-time high but index not much strong here and we have seen small candlestick here same like last week Friday, and now if Nifty Bank is able to break the 38150 levels and sustain above this we can see some major upside on the chart, and now Nifty Bank able to break 37500 levels and sustain below this we can see some breakdown on the chart pattern. 

Nifty Bank Major Breakdown will be below 36500 levels and sustain below this we can see some major downside on the chart. 

Nifty Midcap 50-

Nifty Midcap 50 daily chart moving according to the Rectangle Pattern and price last time moved downside after last week Bearish Engulfing pattern and this Friday again Nifty Midcap formed the same pattern like last week chart and now if Midcap daily chart break 8160-8150 level and sustain below this we can see some major downside towards the 8000-7900 level on the chart. 

Nifty Midcap if not able to move downside and if price makes fresh high again and sustain abvoe 8333 levels we can see some more upside towards the 8555-8666 levels. 

Nifty IT-

Nifty IT daily chart is a perfect example of a rectangle pattern and now price moves 27000 levels to 37800 levels and still price looking strong here, and Nifty IT may move towards the 40000-42000 levels in coming days, the index has support near the  35000 levels and price still moving uptrend according to chart. 

Nifty IT also formed the Gravestone Doji here and now if the price break the 36000 levels and sustains below this we can see some major downside on the chart according to the chart towards the 34000-33500 levels on the chart. 

Nifty Metal-

Nifty Metal now expends the rectangle range 5500-5000 level to 5900-5200 levels, and now price moving downside according to chart pattern and price formed the bearish engulfing near the small resistance level, if price breaks the 5400 levels we can see movement towards the 5000 level which is C point according to chart pattern. 

Nifty Metal daily chart if break the 5900 levels and sustain above this we can see some major breakout on chart pattern according to chart. 

Nifty FMCG-

Nifty FMCG daily chart moving upside according to chart, and now Price showing some bearish movement at fresh high and we have seen 3 back to back bearish marubozu patterns, now if Nifty FMCG daily chart break the 40000 level and sustain below this we can see some major downside movement on a chart and if Nifty FMCG daily chart not moved downside and if Nifty FMCG daily chart break 42000 level and sustain above this we can see some major breakout towards the 44000-46000 levels according to chart. 

Nifty Auto-

Nifty Auto daily chart trading between the rectangle Pattern and now if stock break 10420 level we will fresh breakout inside the inverted head and shoulder pattern, and price may move towards the 10600-11000 levels according to chart with the help of 10200 support level on the chart.

Nifty daily Chart if break the 10000 levels and sustain below this we can see some major downside on chart and price may move towards the recent support level on Rectangle pattern. 

Nifty Realty-

Nifty Realty daily chart perfectly moving according to rounding bottom pattern and currently, the price moved 400 to 501 level and still price looking much strong here and index may move towards the 600-800 levels in coming days, the stock has major support near the 380-400 support level on the chart. 

Realty Index daily chart if breaks the 400 level and sustain below this we can see some more consolidation between the 400 to 250 range. 

Nifty Media-

Nifty Media daily chart has given fresh breakout in curve pattern and now price moving strongly upside and now price may move towards the 2550-3000 levels in coming weeks according to chart which is next resistance level, if Price breaks the 1900 level and sustain below this we can see consolidation below this level only. 

Breakout Charts

Mahindra and Mahindra Ltd (M&M)-

Mahindra and Mahindra daily chart trading between the Descending Triangle Pattern, and now price strongly took support near 720-740 zone and now price bouncing with strong price and volume, now if price able to sustain above 780 level and sustain above this we can see some major upside towards 820/840 levels in coming days, with the help of 740 support level. 

Mahindra and Mahindra daily chart if break the 720 level and sustain below this we can see some major downside below these levels. 

Eicher Motors Ltd (EICHERMOT)-

Eicher Motors daily chart bounce from the support level and now price break the Double Bottom level and now if the price break the 3000 levels and sustain above this we can see some major upside towards 3300 levels in coming days, with the help of 2850 support near on chart. 

Eicher Motors daily chart if break the 2800 level and sustain below this we can see some downside on the chart and major downside only below 2600 level. 

Tata Chemicals Ltd (TATACHEM)-

Tata Chemicals daily chart break the rectangle pattern, with strong volume and price, now if price again able to break the 900 level and sustain above this price may move towards the 950-1000 levels, in coming days, with the help of 860 support level on chart pattern. 

Daily chart if break the 880 level and sustain below this we can see more consolidation between our rectangle pattern. 

HDFC Bank Ltd (HDFCBANK)-

HDFC Bank daily chart trading between the Rectangle Pattern, and now price moving upside with strong volume, and now if stock price break the 1640 level and sustain above this we can see some major upside towards the 1690-1740 levels post-breakout with the help of 1600 support level on the chart. 

HDFC Bank daily chart if not able to the moved upside and now if the price break the 1530 level we can see some more consolidation between the Hdfc Bank. 

Breakdown Charts

Bank of Baroda (BANKBARODA)-

Bank of Baroda daily chart trading between the Ascending triangle pattern and now if stock break the 76 levels and sustain below this we can see some major downside towards the 71-64 level. 

If Bank Baroda is not able to break this support level and trade between the 88 to 76 levels we can see more consolidation between our triangle pattern. 

Adani Ports Ltd (ADANIPORTS)-

Adani Ports daily chart trading between the Rectangle Pattern and now stock facing resistance near middle line, and consolidated here between the 780 to 740 level, now if stock break the 735 level and sustain below this we can see some major fall towards the 680 to 640 levels in coming days, with the help of 760/770 resistance level. 

If Adani Ports’ daily chart breaks the 760 level and sustains above this we can see some major upside towards the 840-880 levels post breakout. 

Tata Steel Ltd (TATASTEEL)-

Tata Steel daily chart moving according to breakdown in rectangle pattern and now price retest the breakdown level and reverse from this level with volume, if stock break the 1250 level we will see the confirmation for downside and after this price may fall up to 1150-1100 levels according to chart pattern with the help of 1300 resistance level. 

Tata Steel if again able to regain 1360 level and sustain above this we can see more consolidation between this rectangle range. 

Apollo Hospitals Ltd (APOLLOHOSP)-

Apollo Hospitals daily chart tried to break the Pole and Flag pattern and now price formed the bearish engulfing pattern with strong volume, and now if the price break the 4700 levels and sustain below this we can see some major downside towards the 4300-4000 levels in coming days, with the help of 4800 resistance level on the chart. 

Apollo Hospitals daily chart if break the 5100 levels and sustain above this we can see some major breakout on chart. 

Charts to Watch

Rashtriya Chemical and Fertiliser (RCF)-

RCF daily chart finally formed the strong candlestick and volume here, now if stock able to break 85 levels and sustain above this we can see some major breakout on the chart, and price may move towards the 95 to 110 levels in coming days with the help of 75-70 support level on the chart pattern. 

RCF daily chart if break the 70 levels and sustain below this we can see some major downside on the chart pattern. 

National Fertilizer Limited (NFL)-

NFL daily chart trading in possible the Curve Pattern and now price bouncing from support zone which is created by recent resistance zone, now price bouncing from support with strong volume. Now NFL daily chart may move towards the 72 to 84 levels in the coming days with the help of the 52.00 support level on the chart. 

NFL daily chart if break the 48 levels and sustain below this we can see some major fall on price. 

Ramco Cement Ltd (RAMCOCEM)-

Ramco Cement daily chart trading inside the Ascending Channel pattern and now price formed some indecisive candlestick patterns here, and now if stock break the 985-1000 level and sustain above this we can see some major breakout towards the 1040-1080 levels and if Ramcocem daily chart if break the 950 level and sustain below this we can see some major fall on price. 

DLF Ltd (DLF)-

DLF daily chart already moved 250 to 410 level according to the rounding Bottom pattern and now price is still looking strong here, and now price may move towards the 500 to 570 levels in coming days, with the help of the 320 support level on chart. 

Kewal Kiran Clothing Ltd (KKCL)-

KKCL daily chart consolidating near support level and now price formed some strong consolidation between this range, now if KKCL breaks the 950 level and sustain above this we can see some major breakout towards the 1200 to 1400 levels in coming days, and now if KKCL is not able to break 950 level we can see some consolidation between the 950 to 650 range. 

KKCL daily chart if not able to break 600 level and sustain below this we can see some strong and major downside on chart.

ICRA Ltd (ICRA)-

ICRA daily chart breaks the Descending Channel pattern and now price moving upside according to chart and now if stock break the 3800 levels and sustain above this we can see some major breakout towards the 4500-4998 levels in coming days with the help of 3450 support level on chart. 

Cash Charts

Marathon Nextgen (MARATHON)-

Marathon Nextgen daily chart trading at a fresh breakout in rounding bottom pattern and now if stock break the 105/106 level and sustain above this we can see some major movement towards the 140-180-220 levels in coming days with the help of 80.00 support level on the chart. 

Marathon if not able to sustain here we can see some consolidation between the 105 to 80 level. 

Indian Hotels Ltd (INDHOTELS)-

Indian Hotels daily chart already moved 140 to 186 level and now price trading at a fresh all-time high with strong price and strong volume, now stock may move towards the 220-240 level in coming days with the help of 160 support level on the chart. 

Indian Hotels daily chart if break the 160 level and sustain below this we cans ee some fall in price. 

Madras Fertilizers (MADRASFERT)-

Madrasfert daily chart rising hereafter consolidation and price also supporting the movement, now if the stock break the 36 levels and sustain above this we can see some major breakout in a cup and handle pattern. If stock is able to sutain above breakout we can see some major movement towards the 42-48 levels in the coming days. 

Madrasfert daily chart if not able break resistance we can see consolidation here, and if price break the 26 levels and sustain below this we can see some major fall. 

Chalet Hotels Limited (CHALET)-

Chalet daily chart has given breakout in the ascending triangle pattern with strong volume and now the price may move towards the 260-320 levels according to the chart with the help of 180 support level on the chart. 

Chalet daily chart if fail to move upside and again fall below 200 level we can see some more consolidation between the 200 to 160 levels. 

Himatsingka Seide (HIMATSEIDE)-

Himatseide daily chart trading in the Curve pattern and now if stock break the pole and flag pattern, and if stock break the 275 level and sustain above this we can see some major breakout towards the 325-375 levels in coming days with the help of 225 support level on the chart.

Himatseide daily chart if break the 225 level and sustain below this we can see some major fall on price according to chart. 

Religare Enterprises (RELIGARE)-

Religare daily chart trading in the pole and flag pattern with strong volume and price, now stock may move towards the 220 to 260 levels in coming days with the help of 160 support level on chart. 

Religare if fail to move upside and break the 160 level we can see some consolidation between the 165 to 138 levels. 

146th 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 daily chart moving upside after the pole and flag pattern, and now price chart formed the dark Cloud, and now price may move towards the 17400/17450 levels according to chart pattern, now if Nifty Daily chart breaks the resistance level we can see some major breakout level according to chart and price may move towards the 18200-18500 levels.

Nifty daily chart if break the 17400 levels and sustain below this we can see some more consolidation between the price, and we can see some downside. 

Nifty Bank-

Nifty Bank daily chart has given breakout in Curve pattern, but recent candlestick is formed the normal candlestick, and now if price breaks the 38200 levels and sustain above this we can see some major upside towards the 40000/41000 levels in coming days, the index has support near the 37000/37400 levels. 

Nifty Bank daily chart if fail to move upside, and break 37500 levels again we can see some possible consolidation between the 36000 to 37500 levels and big movement only after that price movement. 

Nifty Midcap 50-

Nifty Midcap 50 Daily chart perfectly moved according to the Rectangle pattern, 7800 to 8245 level, now price formed the bearish engulfing pattern. We have seen some indecisive movement according to chart pattern, and now if Price breaks the 8250 levels and sustain above this we can see some movement towards the upside, and now if the Nifty Midcap daily chart if break the 8000 levels and sustain below this we can see some downside towards the 7800 levels. 

Nifty Midcap daily chart if breaks the 7800 levels and sustain below this we can see some more consolidation between the Rectangle Pattern. 

Nifty IT-

Nifty IT daily chart is a perfect example of a rectangle pattern and now price moves 27000 levels to 35000 levels and still price looking strong here, and Nifty IT may move towards the 37000-39000 levels in coming days, the index has support near the  34700 levels and price still moving uptrend according to chart. 

Nifty IT if break the 33500 levels and sustain below this we can see some major downside move and if index able to gain and sustain abvoe 35000 levels we can see major upside move.

Nifty Metal-

Nifty Metal Daily Chart perfectly able to bounce from rectangle pattern, and now price break the resistance level and now again price moving towards the new high and now if index able to break the 5950 levels and sustain above this we can see movement towards the 6500/7000 levels in coming days, the index has major support near 5400 levels. 

Nifty Metal Daily chart if break the 5400 level and sustain below this we can see some major downside according to chart and we can see more consolidation between the 5450 to 4800 levels. 

Nifty FMCG-

Nifty FMCG daily chart perfectly moves according to Rectangle Pattern and price moves 37000 to 40600 levels and price looking confusing here, but still the price is bullish here, now if price break the 41410 level and sustain above this we can see some major upside towards the 42500-43500 levels in coming days, with the help of 40400 support level. 

Nifty FMCG daily charts strongly here, and if stock anyhow to reverse and break the 38000 levels and sustain below this we can see some downside towards our rectangle pattern between the 35500 to 36500 levels. 

Nifty Auto-

Nifty Auto daily chart trading between the Rectangle pattern and still price moving slowly downside with candlestick pattern, but price taking some support near the 9700 levels and we can see some bounce from here, and now if Nifty Auto is able to break the 10400 levels and sustain above this we can see some possible breakout according to chart, and now if Nifty Auto break the 9400 levels and sustain below this we can see some major downside according to chart pattern. 

Nifty Pharma-

Nifty Pharma daily chart trading between the rectangle pattern, same like Nifty Pharma and now price is trading near resistance level and now the index has formed bearish engulfing pattern, and now if index break the 13700 levels and sustain below this we can see downside towards the support level, and now if Pharma breaks the 14800 levels and sustain above this we can see some major upside towards 15200-15600 levels in coming days. 

145th 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 daily chart trading with small candlestick patterns, and now price is trading between the Rectangle Pattern and now price showing some indecisive candlestick patterns here. if Price breaks the 17500 levels and sustains above this we can see some major upside according to the chart with the help of 17200 support and 17300 levels. 

The nifty daily chart is indecisive here and price consolidating here, now if Nifty Break the 17200 levels and sustain below this we can see some major downside towards the 16800-16600 levels according to the chart. 

Nifty Bank-

Nifty Bank Dailly chart trading in a consolidation range and still price’s direction is not clear here. We can see more consolidation here between the 36300 to 37100 levels and now if the index breaks the 37100 levels we can see a little bit of upside towards 37500 levels, and now if the index breaks the 37500 levels and sustain above this we can see some major upside towards 38500-39000 levels according to chart. 

Nifty Bank daily chart has strong consolidation in lower sides in the chart between the 34500 to 37500 levels and we need to batch these charts in coming days. 

Nifty Midcap 50-

Nifty Midcap 50 Daily chart trading between the Rectangle Pattern and price bounces from the support level and price gain 7200 to 7800 levels and now Nifty midcap break the resistance level and now price may move towards 8500-9000 levels in coming days, with the help of 7700 support level on the chart.  

Nifty Midcap 50 daily chart trading with some indecisive candlestick patterns, and now if the index breaks the 7600 levels and sustains below this we can see some major downside on the chart. 

Nifty IT-

Nifty IT daily chart is a perfect example of a rectangle pattern and now price moves 27000 levels to 35000 levels and still price looking strong here, and Nifty IT may move towards the 37000-39000 levels in coming days, the index has support near the  32000 levels and price still moving uptrend according to chart. 

Nifty IT if break the 33500 levels and sustain below this we can see some major downside move and if index able to gain and sustain abvoe 35000 levels we can see major upside move. 

Nifty Metal-

Nifty Metal Daily Chart perfectly able to bounce from rectangle pattern, and now price break the resistance level and now again price moving towards the new high and now if index able to break the 5950 levels and sustain above this we can see movement towards the 6500/7000 levels in coming days, the index has major support near 5400 levels. 

Nifty Metal Daily chart if break the 5400 level and sustain below this we can see some major downside according to chart and we can see more consolidation between the 5450 to 4800 levels. 

Nifty FMCG-

Nifty FMCG daily chart perfectly moves according to Rectangle Pattern and price moves 37000 to 40600 levels and price is strongly looking strong here, and price may move towards the 43000-45000 levels in coming days, and the index has support near the 39000-38000 level. 

Nifty FMCG daily charts are too strong here, and if stock anyhow to reverse and break the 38000 levels and sustain below this we can see some downside towards our rectangle pattern between the 35500 to 36500 levels. 

Nifty Auto-

Nifty Auto daily chart trading between the Rectangle pattern and still price moving slowly downside with candlestick pattern, but price taking some support near the 9700 levels and we can see some bounce from here, and now if Nifty Auto is able to break the 10400 levels and sustain above this we can see some possible breakout according to chart, and now if Nifty Auto break the 9400 levels and sustain below this we can see some major downside according to chart pattern. 

Nifty Pharma-

Nifty Pharma daily chart trading between the rectangle pattern, same like Nifty Pharma and now price is trading near resistance level and now index has formed doji pattern, and now if index break the 13700 levels and sustain below this we can see downside towards the support level, and now if Pharma breaks the 14800 levels and sustain above this we can see some major upside towards 15200-15600 levels in coming days. 

Nifty Media-

Nifty Media daily chart trading in Diagonal Support level and now price trading with some support and consolidation, now price moving upside with strong upside and bullish marubozu pattern, now index may move towards the 1800-1900 levels in coming days, with the help of 1530-1550 support level on the chart pattern. 

Nifty Media daily chart trading in Diagonal support level and now if index break the 1530 level and sustain below this we can see some major downside on the chart. 

Nifty Energy-

Nifty Energy daily chart has given breakout in the Curve Pattern and now index may move towards the 21600-22000 levels in coming days with the help of 20800 support levels on the chart pattern. 

Energy chart if now able to hold upper levels and break 20400 levels and sustain below this we can see some consolidation here and some downside according to chart pattern. 

Breakout Charts

Ashok Leyland Ltd (ASHOKLEY)-

Ashok Leyland daily chart trading in the Rectangle Pattern and now price trading near middle line, and now price bounce and break this line with strong volume, but the price is a little bit confusing. Ashokley if able to sustain 125 tomorrow and sustain here we can see some major upside towards the 133/136 levels in the coming days. If  Ashokley is able to sustain here and if break 140 level and sustain above this we can see some major upside towards 150/160 levels according to the chart pattern. 

Ashokley daily chart if able to break the 119 level and sustain below this we can see some major breakdown on the chart. 

Ramco Cement Ltd (RAMCOCEM)-

Ramco Cement daily chart trading in the Ascending Channel pattern and now stock formed the bullish Marubozu pattern and now, if stock break the 1065 level and sustain above this we can see some major upside towards the 1120-1160 levels according to chart. 

Ramco Cement daily chart trading in Ascending Channel pattern and currently near the resistance level, if stock break 1020 level and sustain below this we can see some downside on chart pattern according to chart. 

Marico Ltd (MARICO)-

Marico daily chart has given breakout in the Pole and Flag pattern and now price confirm by the strong candlestick with marubozu pattern, and now stock may move towards the 600-630 levels in coming days with the help of 550 support level on the chart.  

Marico daily chart if break the 550 level and sustain below this we can see more consolidation between the 550 to 500 levels according to chart pattern. 

Manappuram Finance Ltd (MANAPPURAM)-

Manappuram daily chart trading near diagonal support level and stock consolidated between the 155 to 170 level and now if stock able to sustain above 170 level we can see some major upside towards the 180-195 levels in coming days, with the help of 160 support level. 

Manappuram daily chart if break the 155 level and sustain below this we can see some major downside according to chart pattern. 

PVR Ltd (PVR)-

PVR daily chart trading in consolidation, but finally now price moving upside with strong candlestick pattern, but volume is missing from the chart. If PVR is able to break the 1400 level and sustain above this we can see some major upside towards the 1480-1590 levels in the coming days with the help of the 1344 support level on the chart. 

PVR daily chart if break the 1320 level and sustain below this we can see some major downside according to chart pattern. 

Syngene International Limited (SYNGENE)-

Syngene International Daily chart trading in consolidation range between the 650 to 600 level and now finally price moving upside with bullish marubozu pattern and now if stock break the 650 level and sustain above this we can see some major upside towards the 680 to 700 levels in coming days with the help of 620 support level. 

Syngene daily chart if break the 600 level and sustain below this we can see some major downside towards the 570 to 540 levels in coming days with the help of 640 resistance level. 

Breakdown Charts

Indiabulls Housing Finance Ltd (IBULHSGFIN)-

Ibulhsgfin Daily chart moving downside and now price trading near support level with some Doji pattern, and now if stock break the 220 level and sustain below this we can see some major downside towards 200 to 180 levels in coming days with the help of 235 resistance level on the chart. 

Ibulhsgfin daily consolidating near support and now if stock break the 238 level and sustain above this we can see some major upside according to chart pattern. 

Gujarat Gas Ltd (GUJGAS)-

Gujarat Gas daily chart moving downside according to Curve pattern and now stock slowly moving downside, now stock may move towards the 650 to 640 levels in coming days, with the help of 700 resistance level according to chart pattern. 

Gujarat Gas daily chart if break the 725 level and sustain above this breakout level we can see some major upside according to chart pattern. 

Cholamandalam Investment (CHOLAFIN)-

Cholafin daily chart trading in the Rectangle Pattern and now stock trading near resistance level with strong candlesticks and now if stock break the 550 level and sustain below this we can see some major downside towards the 525 to 480 levels in coming days with the help of 575 resistance level. 

Cholafin daily chart if breaks the 585 level and sustain above this we can see some major upside towards the 630-650 levels and the stock has support near the 560 level. 

 Interglobe Aviation Ltd (INDIGO)-

Indigo daily chart trading in an uptrend, but last few days were indecisive movement, and now if stock break 1900 level and sustain below this we can see some major downside towards the 1800 levels in coming days with the help of 1950 resistance level.

Indigo daily chart if break 1950 level and sustain above this we can see some major upside according to chart pattern, with the help of 1900 support level.  

Charts to Watch

Nestle India Ltd (NESTLEIND)-

Nestle India daily chart perfectly moving according to the Rectangle Pattern and now price formed the bullish candlestick patterns, and now the price may move towards the 21500-23000 levels in coming days with the help of 19800 levels according to chart pattern. 

Nestle India daily chart if break the 19500-19000 level and sustain below these levels we can see some downside according to chart pattern. 

Pidilite Industry Ltd (PIDILITIND)-

Pidilite Industry daily chart trading near the resistance level, and now if price breaks the 2370 level and sustain above this we can see some major upside towards the 2450-2600 levels post-breakout with the help of 2300 support level on the chart.  

Pidilite Industry daily chart if break 2280 level and sustain below this we can see some major downside according to chart pattern with the help of 2380 resistance level on the chart. 

Steel Authority of India Limited (SAIL)-

Sail daily chart trading in the Rectangle Pattern and now price if break the 125 level and sustain above this we can see a reversal in pattern, and now price may move towards the 135 to 145 levels in coming days, with the help of 115 support level on the chart. 

Sail daily chart if break the 115 level and sustain below this we can see some major downside according to chart pattern. 

Lemon Tree Hotels (LEMONTREE)-

Lemon Tree daily chart trading near Diagonal resistance level and price formed the inverted head and shoulder pattern, now if Lemon Tree breaks the 40 levels and sustain above this we can see some major upside towards the 60.00-80.00 levels in coming days, with the help of 35-33 support level. 

Lemon Tree daily chart if break the 35 levels and sustain below this we can see more consolidation. 

Manaksia Aluminium Ltd (MANAKALUCO)-

Manakaluco’s daily chart moved 10 to 23 levels according to our last chart and this time stock breakout is in descending channel pattern with strong price with strong volume and price. Now Stock can move towards the 26.00-30.00 levels in the coming days with the help of the 16.00 support level on the chart. 

Manak Aluminium daily chart if break the 16.00 level and sustain below this we can see some major downside according to chart pattern. 

TTK Prestige Ltd (TTKPRESTIGE)-

TTK Prestige daily chart trading in the Rectangle Pattern and now if stock break the 9450 levels and sustain above this we can see some major upside movement towards the 12000-14000 levels with the help of 8400 levels on the chart. 

TTK Prestige daily chart if break the 8400 levels and sustain below this we can see some fall in price and movement will be not strong as currently price movement is. 

Cash Charts

Future Consumer Ltd (FCONSUMER)-

Fconsumer daily chart trading in Rectangle pattern and now price finally bounces from multiple support with strong volume and now stock can move towards the 11.00-12.00 levels which are resistance level for the Rectangle Pattern. If Fconsumer is able to break 12.00 level also and sustain above this we can see some major upside towards the 16-18 levels post the rectangle breakout. 

FConsumer trading at important levels, if stock able to break 5.75 level we can see major and too strong downside on chart. 

Shemaroo Entertainment Ltd (SHEMAROO)-

Shemaroo Entertainment daily chart bounce from support with strong volume and price, and now if the price is able to sustain above 140 level with volume, now stock may move towards the 180 to 240 levels in coming days with the help of 100 support level on the chart. 

Shemaroo daily chart if break the 100 level and sustain below this we can see some major downside on the chart according to chart.  

Lokesh Machines Ltd (LOKESHMACH)-

Lokesh Machine daily chart trading in the Cup and Handle pattern and now if stock break the 52 level and sustain abvoe this we can see some major upside towards the 70/90/110 levels in coming days with the help of 40.00 support on the chart. 

Lockeshmach daily chart if break the 40 levels and sustain below this we can see some more and strong downside on the chart. 

Speciality Restaurants (SPECIALITY)-

Speciality daily chart trading in the curve pattern and now if stock break the 80 levels and sustain above this with volume, we can see major upside towards the 120-140 levels in coming days post-breakout with the help of 60 support on the chart. 

Speciality daily chart if break the 60 levels and sustain below this we can see some major downside on the chart pattern. 

Kamat Hotels (KAMATHOTEL)-

Kamat Hotels daily chart trading the Roudning Bottom pattern, and now if price brak the 54/53 level and sustain abvoe this with strong volume, we can see some major upside towards the 80.00-110.00 levels in coming days with the help of 40.00 support level. 

Kamat Hotel daily chart if break the 40.00 level and sustain below this we can see some major downside on the chart. 

Gayatri Projects (GAYAPROJ)-

Gayatri Projects daily chart has given breakout in the Cup and Handle pattern with strong volume, now price may move towards the 70 to 90 levels in coming days with the help of 35 support level on the chart pattern. 

Gayatri Project daily chart if break the 30 levels and sustain below this we can see some major downside towards the 20.00-10.00 levels. 

Commodities

Crude Oil (CRUDEOIL)-

Crudeoil daily chart perfectly not reverse from resistance level and now price consolidating between the 5200 to 4800 levels, and now if price breaks the 5200 levels and sustain above 5200 levels we can see some major upside. 

Crudeoil daily chart if break 4800 level and sustain below this we can see some major downside on a chart and now if Crudeoil able to break 5200 levels and sustain above this we can see some major upside on the chart. 

Natural Gas (NaturalGas)-

Natural Gas daily chart has given breakout in Curve Pattern and now price moving upside, and now NG can move towards the 400-420 levels in coming days according to chart with the help of 360 support level. 

Natural Gas daily chart daily if break the 350 level and sustain below this we can see more consolidation between the prices.  

Copper (COPPER)-

Copper daily chart trading in the Rectangle Pattern and now price bounce from support with bullish marubozu pattern, and now copper may move towards the 780-820 levels in coming days with the help of 710.00 support level on the chart. 

Copper daily chart if break the 680 level and sustain below this we can see some major downside on chart.

Nickel (NICKEL)-

Nickel daily chart trading in the Ascending Channel pattern and now price formed the shooting star here, and now if nickel able to break the 1525 level and sustain below this we can see some major downside and if Nickel able to break 1555 level and sustain above this we can see some major breakout on chart pattern according to chart. 

Gold (GOLD)-

Gold daily chart consolidating in the Descending Triangle pattern and now gold will trade more between the range, now if Gold break the 48000 levels and sustain above this we cans ee some major upside towards the 51000-53000 levels according to chart and if Gold break the 45500 levels and sustain below this we can see some major downside on the chart according to price pattern. 

Silver (SILVER)-

Silver daily chart trading between the Rectangle Pattern and now price consolidating near the support and now if Silver able to break 65K and sustain here we can see major upside towards the 68000-72000 levels post-breakout with the help of 62000 support level. 

Silver daily chart if break the 61000 levels and sustain below this we can see some major downside according to chart. 

Currencies

EURO-INR (EUROINR)-

Euroinr daily chart trading between the Rectangle Pattern and now price is slowly moving towards the 85.500 support level according to chart and if pair not able to break this level we can see some bounce here. If Euroinr daily chart breaks the 88.000 level and sustains above this we can see some major upside in chart pattern according to chart. 

USD-INR (USDINR)-

USDINR daily chart trading between the Rectangle Pattern and now price trading near the middle line, and now if USDINR daily chart breaks the 74 levels and sustain above this we can see major upside towards the 75.500 levels as per chart pattern. 

USDINR daily chart if break the 72 levels and sustain below that level we can see some major downside according to chart pattern. 

JPY-INR (JPYINR)-

JPYINR daily chart trading near the major support level and now price trading near the 0.65500 level and now we can see some bounce from this level and if JPYINR daily chart if break the 0.65500 level and sustain below this we can see some major downside on the chart. 

144th 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 daily chart moved 16000 to 17340 level according to our Rectangle Pattern, and still price looking strong here and now the price may move towards the 17000 levels in coming days, and we can again see the Nifty IT chart for better learning according to chart. Nifty daily chart if break the 17000 levels and sustain below this we can see some major downside in the chart, and now if Nifty It makes a fresh breakout and we can see some major breakout on chart. 

Nifty IT chart is benchmark according to the chart, and Nifty now following the same. 

Nifty Bank-

Nifty Bank Dailly chart has given breakout in Rectangle Pattern, and now price moved 36000 levels to 37500 levels, and now if Nifty Bank if break the 37500 levels and sustain above this we can see some major breakout towards the 38500-39000 levels, and now if index break the 36000 levels and sustain between the rectangle pattern we can see more consolidation between the 34000 to 36000 levels according to chart. 

Nifty Bank still trading in a range, and now if the major breakout did on the chart we can see some major breakout on the chart. 

Nifty Midcap 50-

Nifty Midcap 50 Daily chart perfectly moves 7200 to 7733 levels according to chart, and now price is trading near resistance level and the index has formed the indecisive candlestick pattern, and now if Nifty Bank breaks the 7650 levels and sustain below this we can see some consolidation and trading between the range 7800 to 7000 levels. 

Nifty IT-

Nifty IT daily chart is a perfect example of a rectangle pattern and now price moves 27000 levels to 35000 levels and still price looking strong here, and Nifty IT may move towards the 37000-39000 levels in coming days, the index has support near the  32000 levels and price still moving uptrend according to chart. 

Nifty IT if break the 33700 levels and sustain below this we can see some major downside move and if index able to gain and sustain abvoe 35000 levels we can see major upside move. 

Nifty Metal-

Nifty Metal Daily Chart perfectly able to bounce from rectangle pattern, and now price break the resistance level and now again price moving towards the new high and now if index able to break the 5950 levels and sustain above this we can see movement towards the 6500/7000 levels in coming days, the index has major support near 5450 levels. 

 

Nifty FMCG-

Nifty FMCG daily chart perfectly moves according to Rectangle Pattern and price moves 37000 to 40400 levels and price is strongly looking strong here, and price may move towards the 43000-45000 levels in coming days, and the index has support near the 39000-38000 level. 

Nifty FMCG daily charts if break the 38000 levels and sustain below this we can see some major downside according to chart pattern. 

Nifty Auto-

Nifty Auto daily chart trading between the Rectangle pattern and still price moving slowly downside with candlestick pattern, but price taking some support near the 9700 levels and we can see some bounce from here, and now if Nifty Auto is able to break the 10400 levels and sustain above this we can see some possible breakout according to chart, and now if Nifty Auto break the 9400 levels and sustain below this we can see some major downside according to chart pattern. 

Nifty Pharma-

Nifty Pharma daily chart trading between the rectangle pattern, same like Nifty Pharma and now price is trading near resistance level and now index has formed doji pattern, and now if index break the 14200 levels and sustain below this we can see downside towards the support level, and now if Pharma breaks the 14800 levels and sustain above this we can see some major upside towards 15200-15600 levels in coming days. 

Breakout Charts

Reliance Industry (Reliance)-

Reliance already moved 2100 to 2395 level according to our 141st ChartBook and now chart trading at major breakout level with strong candlestick pattern and price pattern, now stock may move towards the 2550-2700 levels in coming days, with the help of 2300 support level on the chart. 
Reliance daily chart if break the 2300 level and sustain below this level we can see some major downside towards 2100-1900 levels post breakdown. 

Petronet Lng (PETRONET)-

Petronet daily chart bounce from support level and now price trading in consolidation within the range, now if stock break the 235 level and sustain above this we can see some major towards the 250-270 levels with the help of 225 support level. 
Petronet daily chart if break the 210 level and sustain below this we can see some major downside in the price. 

MRF Ltd (MRF)-

MRF daily chart is given breakout in Descending Triangle pattern, but price and volume do not confirm too much about this breakout, now MRF slowly can move towards the 87500-90000 levels in coming days, with the help of 79000 support level on the chart. 

MRF daily chart if break 75000 level and sustain below this we can see some major downside towards 67500-65000 levels according to chart pattern. 

Bharat Petroleum Corporation Limited (BPCL)-

BPCL daily chart looking bullish here and price moves upside and now price trading near major breakout level, and now if price sustain here above 491 level and sustain above this we can see some major breakout towards 540 level with the help of 460 support level. 

BPCL daily chart if break 460 level and sustain below this we can see some major downside towards 420-400 levels according to chart pattern. 

Hindustan Petroleum  Corporation Limited (HINDPETRO)-

HindPetro daily chart moving upside according to chart, and now price is moving with strong volume and the strong candlestick, Hindpetro may move towards the 295-309 levels in coming days, the stock has strong support near the 265 level. 
Hindpetro Daily chart if break the 260 level and sustain below this we can see some consolidation in price movement according to chart. 

Ambuja Cements Ltd (AMBUJACEM)-

Cement stocks moved strongly this week and still all stock charts looking too much strong here and we can see a major moves in the coming days. Ambuja Cement daily chart has given breakout in the Curve pattern and confirms with strong volume and some bounce in volume, now Ambuja Cement may move towards the 460-480 levels in coming days, with the help of 420-425 support level. 

Ambuja Cement daily chart if break the 420-415 level and sustain below this level, we can see some major downside towards 390-370 levels as per Pattern. 

Breakdown Charts

City Union Bank (CUB)-

City Union Bank daily chart trading in Resistance zone which is formed by the recent support zone and now price reversing from resistance. if CUB breaks 150 levels and sustains below this we can see some major downside towards 140-125 levels in the coming days with the help of 161 resistance levels. 

CUB daily chart if break the 161 level and sustain above this we can see some major breakout on the chart and we can see consolidation between the 180 to 155 levels according to chart. 

Muthoot Finance Ltd (MUTHOOTFIN)-

Muthoot Finance daily chart trading in a Rising Wedge pattern and now price reversed from a resistance level with some indecisive candlestick patterns, and now if stock price break 1480 level and sustain below this we can see some major downside towards 1400-1320 levels nin coming days post breakdown with the help of 1525 resistance level. 

Muthootfin daily chart if break 1530 level and sustain above this we can see some major breakout on the chart with the help the 1480 support level. 

Granules India (GRANULES)-

Granules daily chart trading between the Rectangle Pattern and now stock formed the bearish engulfing pattern here, and now if Granules break 338 level and sustain below this we can see some major downside towards 300 levels in coming days, with the help of 355-360 resistance level. 

Granules daily chart if break 360 level and sustain above this we can see some upside and stock have 390 resistance level and if stock break 390 level and sustain above this we can see some major breakout. 

Charts to Watch

Bharat Electronics Limited (BEL)-

BEL daily chart trading at fresh high with strong breakout with candlestick and price, and now price may move towards 225-235 levels according to charts, and now if price not able to move towards upside according to chart and again able to break 190 level we can see some consolidation between the 170-190 recent rectangle pattern range. 

Network 18 Media (NETWORK18)-

Network18 daily chart given breakout in Falling Wedge pattern, with volume, but still stock trading below the major resistance which is near 58 levels, once stock able to break 58 levels we can see price have some special plans for us. Network18 has support near 47/59 levels according to the chart. 

Network 18 if break 45 level and sustain below this we can see stock will consolidate between then old range 45 to 27 levels. 

Grindwell Norton (GRINDWELL)-

Grindwell Norton’s daily chart trading at fresh breakout with volume, but still price sustainability is missing from the pattern, now if stock able to sustain above 1420 level we can see 1500-1600 levels in coming days with the help of 1300 support level on the chart. 

Grindwell daily chart if break 1200 level and sustain below this we can see some consolidation and downside below these levels. 

Indian Terrain (INDTERRAIN)-

Indterrain daily chart bounce from diagonal support and now volume also spiking from the chart, if stock able to hold 42 levels on Monday we can see major upside towards 55-65 levels in coming days, with the help of 33.00-35.00  support level. 

Indterrain daily chart if break 35/33 level and sustain below this we can see major fall in chart as this will be major breakdown for price. 

Cash Charts

RPG Life Sciences (RPGLIFE)-

RPG Life Sciences stock already moves 563 to 6285 levels as per our Sniper chart and now stock trading at a fresh breakout in Curve Pattern with strong volume and now stock may towards 700-750 levels with the help of 560-520 support level. 
RPG Life daily chart if break 520 level and sustain below this we can see more consolidation and downside below these levels. 

Cupid Ltd (CUPID)-

Cupid daily chart trading near diagonal support and this time stock bounce from support with strong volume, and now if break the 250 level and sustain above this we can see some major upside towards the 265-290 levels in coming days. 
Cupid daily chart if break the 225 level and sustain below this level we can see some major downside on the chart as per breakdown. 

Orissa Minerals (ORISSAMINE)-

Orissa Minerals’ daily chart trading at a strong support level which is formed by the recent strong resistance level and now price may move towards the 3300/3600 levels in coming days, the stock has near support 2650 level. 
Orissamine daily chart if break 2650 level and sustain below this level we can see some major downside according to chart pattern. 

Cybertech System (Cybertech)-

Cybertech System daily chart trading at diagonal support and now price formed some volume here with a strong candlestick, now stock may move towards the 210-225 levels in coming days, with the help of 160 support level on the chart. 
Cybertech daily chart if break 160 level and sustain below this we can see some major downside towards 140-120 levels post breakdown. 

Bluedart Express (BLUEDART)-

Bluedart daily chart given breakout in Rectangle Pattern with strong volume and strong price formation, now price may move towards 6800-7000 levels in coming days, with the help of 6000-5900 support level on the chart. 
Bluedart Daily chart if break 5600 level and sustain below this we can see some major downside on chart. 

Commodity Charts

Crude Oil (CRUDEOIL-

Crude Oil daily chart trading near the Ascending Channel resistance level and now price formed some strong consolidation near the 5200 to 4950 levels, now if stock break the 4850 levels and sustain below this we can see some major downside below these levels, and now if Crude break the 5200 levels and sustain abvoe this we can see more consolidation and trading between the Ascending Channel pattern. 

Natural Gas (NaturalGas)-

NG moved 240 to 341 level according to cup and handle pattern breakout and now stock trading near the resistance level and still no bearish sign here. If stock break the 355 level and sustain above this we can see some major upside on the chart and if NG is not able to break the 355 level we can see some more consolidation below these levels and if break the downside and shows us bears strength here we can see some down. 

Gold (GOLD)-

Gold daily chart trading in Descending Triangle pattern, and now price trying to bounce here with some volume, but still the price is below the resistance level and now if stock break the 48000 levels and sustain above this we can see some major upside towards 50000/52000 levels post-breakout and now Gold now able to break 48000 levels we can see more consolidation between the 45500 to 48000 levels.  

Silver (SILVER)-

Silver daily chart trading between the Rectangle Pattern and now index trading near support level and bounce from this support with strong volume and price, now if stock able to break 65000 levels and sustain above this we can see some major upside towards 68000-72000 levels post-confirmation and now if Silver, not able move upside and break 62000 levels again, we can see more consolidation between the 62000 to 58000 levels. 

Nickel (NICKEL)-

Nickel Daily chart trading in the Ascending Channel Pattern and now price break the resistance level with strong price pattern and strong volume, now Nickel may move towards the 1525-1550 levels in coming days, Nickel has support near the 1425 level according to chart pattern. 

143rd 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 daily chart trading at Fresh high and this is again fresh breakout in the Pole and Flag pattern with strong price candlestick, now index may start moving towards the 17K/17.3K levels in coming days as per chart patterns, Nifty has support near the 16.4K/16.5K level according to chart. 

Nifty copying the Nifty IT chart and still the price is much below then the Nifty IT chart copying according to chart. 

Nifty Bank-

Nifty Bank Dailly chart trading between the Rectangle Pattern and still price consolidating in this range, and now if Nifty Bank able to break the 36K level and sustain above this level we can see some major upside according to chart pattern, and now Nifty Bank if not able to break the resistance level and break 35K level we can see some downside according to chart and 34K level will decide the future and now if Nifty Bank able to sustain below this level we can see major downside according to chart pattern. 

Nifty Midcap 50-

Nifty Midcap 50 Daily chart trading at Rectangle’s support line and now index bounce from the support level and now index moving slowly slowly upside, and now if index break the 7400 level and sustain above this we can see some major breakout towards the 7600-7700 levels and now if Nifty Midcap if break the 7150 level and sustain below this we can see some major breakdown in price according to chart. 

Nifty IT-

Nifty IT daily chart moving upside after the Rectangle Pattern and price moved 26K to 34.3K level according to chart pattern till now, and still, the price is looking bullish here and price may move towards the 38-40K levels in coming days,Index has strong support the near 33K. 

Nifty Metal-

Nifty Metal Daily chart trading between the rectangle pattern, and currently index again trading at the resistance level and now if Metal index not able to close above the 5,550 level and sustain above this we can see some major breakout in this pattern. Nifty metal if not able to break that resistance and trading between the Rectangle range between the 5500 to 4800 levels, and now if Index breaks the 4800 levels and sustain below this level we can see some major breakdown on the chart pattern. 

Nifty FMCG-

Nifty FMCG daily chart moving upside after the breakout level according to chart pattern, and still price moving towards the 40K-42K levels in coming days as per chart, Nifty FMCG has support near the 38K level according to chart pattern. 

Nifty Auto-

Nifty Auto daily chart trading between the Rectangle pattern and still price moving slowly downside with candlestick pattern, but price taking some support near the 9700 levels and we can see some bounce from here, and now if Nifty Auto is able to break the 10000 levels and sustain above this we can see some possible breakout according to chart, and now if Nifty Auto break the 9400 levels and sustain below this we can see some major downside according to chart pattern. 

Nifty Pharma-

Nifty Pharma daily chart trading in the Rectangle Pattern and this pattern formation is near the all-time high of the index. Now Index trading at lower support line in Rectangle pattern and now we can see some possible bounce from here and we can see some upside and trade between the 13600 to 14600 levels, and If index break the 14750 levels and sustain above this we can see some major movement towards the upside and if Nifty Pharma is not able to bounce from here and break the level 13500 level and sustain below this we can see some reversal on the chart. 

Breakout Charts

Acc (ACC)-

This week all cement stocks looking good on the chart and major cement stocks took to support and formed the strong reversal candlestick pattern at support and now stock took support at the lower line, and now stock formed the strong bullish candlestick and this is an indication of reversal and price may move towards 2450-2550 levels and coming days with the help of 2250 support level on the chart. 

ACC daily chart has strong support near the 2250 level and this is also gap support for the candlestick, and now if ACC breaks this support and sustain below we can see some weakness in the chart. 

Voltas Ltd (VOLTAS)-

Voltas Daily chart trading in Rectangle Pattern and now stock took support at lower line and price bounce with Bullish Engulfing pattern, and volume also confirming the Candlestick pattern. Now Price may move towards the 1050-1100 level in the coming days, the stock has strong support near the 925/950 level and this will play role in price movement. 

Voltas trading in Rectangle support level, and currently showing some reversal indications, If the stock is not able to bounce upside and break the 925 level and sustain below this we can see some major breakdown on the chart pattern.

Torrent Power Ltd (TORNTPOWER)-

Torrent Power Daily chart has given breakout in Descending Triangle Pattern with strong volume and price movement, now the stock price may move towards 510-530 level in coming days, the stock has strong support near 465 level. 

Stock moving upside and price pattern all supporting the upside, but if anyhow stock able to break 440 level and sustain below this stock will show us some strong bearish movement. 

Ultratech Cement Ltd (Ultracemco)-

So Finally we have again fresh Cement stock in ChartBook, Ultracemco daily chart trading in Ascending Channel pattern, and formed bullish candlestick pattern with strong volume and price may move towards 8000-9000 level in coming days with the help of 7250 support level. 

Ultracemco Price trading in Ascending Channel and currently at support, so if stock break the 7200 levels and sustain below this we can see some fresh breakout in pattern and we can see some major movement downside. 

Strides Pharma Science (STAR)-

Star Trading at the support level and currently formed some patterns like a star and this is indicating reversal from support with strong volume, and now if stock break the 610 level and sustain above this we can see some major movement towards 680-720 levels as per chart with the help of 560/570 level on the chart. 

Star Daily chart showing expected bounce from support and now if stock break the 560 level and sustain below this we can see some major downside in the chart pattern. 

SRF ltd (SRF)-

SRF 4H chart in rectangle pattern and this is more like the Pole and Flag pattern and now stock moving upside with strong volume in last two candlesticks, and now the price may move towards the 9650-9750 levels according to chart with the help of 9000 support level. 

SRF daily chart if break the 9000 levels and sustain below this we can see some major breakout in the chart with the help of 9150-9200 resistance level. 

Breakdown Charts

Indusind Bank Ltd (INDUSINDBK)-

Indusindbk daily chart trading in the Rectangle Pattern  and now stock moving downside as per chart and still stock trading above breakdown level, once if stock break the 965 level and sustain below this we can see some major downside towards the 940/900 levels in coming days with the help of 1000 resistance level as per chart pattern. 
If stock not able to break the rectangle pattern we can see more consolidation between the 1060 to 960 levels. 

Canara Bank Ltd (CANBK)-

Canara Bank daily chart trading at Diagonal resistance level and now stock consolidating between the 155-157 levels and now if stock able to break 147 level and sustain below this we can see some major downside towards the 140-130 levels, the stock has resistance near the 155-158 level. 

Stock if not able to move downside and break the 155 level and sustain above this we can see some major upside in the chart pattern. 

Multi Commodity Exchange (MCX)-

MCX daily chart trading at the strong support level and now stock trying to bounce from support and now if stock able to break 1480 level and sustain below this we can see some major downside towards 1300-1200 levels with the help of 1510 resistance level. 

MCX if not able to break the support level we can see some more consolidation and bounce towards the upside. 

Charts to Watch

BPL Ltd (BPL)-

BPL Daily chart trading near support level which is created by the recent resistance level,m and stock bouncing with strong bounce and price also supporting the bounce and now we can see some possible movement towards the 44.00 level and now if stock break the 44.0 level and sustain above this we can see some major movement towards 57.00-65.00 levels in coming days. 

BPL daily chart trading at the major upside and if stock not able to sustain that level we can see movement. 

Cash Charts

Timken India Ltd (TIMKEN)-

Timken’s daily chart has given a breakout in Ascending Triangle pattern with strong volume and stock may move towards the 1900-2100 levels in the coming days, with the help of the 1550-1500 level. 

Timken’s daily chart if breaks the 1500 level and sustain below this we can see some major downside towards the 1400-1300 level. 

Paisalo Digital Ltd (PAISALO)-

Paisalo Digital daily chart trading at the strong support level and now price bounce with strong bounce, and now if stock able to break the 640 level and sustain abvoe this we can see some major movement towards 690/840 levels with the help of 570 support level. 

Paisalo daily chart if not able to the moved upside and break the 560 level we can see some major downside on the chart pattern. 

Prince Pipes Fittings Ltd (PRINCEPIPE)-

Prince Pipes daily chart trading at Diagonal Support level and stock bounce with strong volume, and now if stock break 680.00 level and sustain above this we can see some major movement towards 760/800 levels with the help of 600-620 support level. 
Prince Pipe daily chart if break the 600 level and sustain below this level we can see some major breakdown on the chart. 

Gss Infotech Ltd (GSS}-

GSS daily chart trading at Ascending Channel pattern and now price is bounce from support and moving upside, we can see some major upside towards the 90.00-110 levels in coming days, with the help of 60-55 support level. 

GSS daily chart if break the 60.00 level and sustain below this we can see some major downside on the chart pattern. 

Gujarat Mineral (GMDCLTD}-

GMDC daily chart trading in Ascending Channel and now stock took strong support at 60 levels and now price may move towards the 83-90 level in coming days, with the help of 64.00-60.0 support level. 
GMDC daily chart if break the 60.00 level and sustain below this we can see some major downside on the chart pattern. 

Arman Financial Service Ltd (ARMANFIN}-

Armanfin daily chart trading in a cup and handle pattern and price took support with strong volume, and now if stock break the 770.00 level and sustain above this we can see some major breakout and stock may move towards 900.00-1050.00 with the help of 650.00 support level. 

Armanfin daily chart if break the 650.00 level and sustain below this we can see some major downside on the chart pattern. 

Commodity Charts

Copper (COPPER)-

Copper daily chart trading in Rectangle Pattern and now copper moving upside according to chart and now trading at 719 level and now price may move towards 760-800 levels with the help of 680-700 support level on the chart. 

Copper daily chart if failed to move upside and break the 680 level again we can see more consolidation here in range. 

Crude Oil (CRUDEOIL)

Crude Oil daily chart trading below the Ascending Channel Pattern and now stock took resistance in pattern, and price formed the Doji patterns at resistance, and now Crude may move towards the 4400-4000 level in coming days, with the help of 5200-5250 resistance level in the chart. 

Crude Oil daily chat if break the 5250 levels again and sustain above this we can see more trading between the Crudeoil. 

Silver-

Silver daily chart trading in Rectangle Pattern and now a commodity took support at the lower line, and now if stock break 64000 level and now price may move towards 66000-68000 levels with the help of 62000-61000 level. 

Silver Daily chart if not able to break resistance level we can see more consolidation here between the 64K to 58K levels. 

Gold-

Gold daily chart trading in Symmetrical Triangle pattern, and now price trading near breakout level, if stock break 48151 level and sustain above this we can see some major upside towards the 50000-52000 levels with the help of 47000.00 support level. 

Symmetrical Triangle pattern if break the 46000 levels and sustain below this we can see some major downside towards 44000-43000 levels. 

Zinc-

ZINC daily chart trading in Ascending Support level and now if price breaks the 240 level and sustain below this we can see some major downside towards 220-200 levels with the help of 255 resistance level on the chart. 

Zinc daily chart if break the 255 level and sustain above this we can see some major upside towards 265-270 levels. 

142nd 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 last week perfectly moved according to chart and one friday we have seen selling with gap down and afdter that we can seen some recovery same day, and now if stock break 16700 level and sustain above this we can see some major upside on chart and if index not break the 16700 level and trading below this we can see more consolidtion between the range 16700 to 16200 level and this range is going to major role in coming days movement. 

Nifty Bank-

Nifty Bank Dailly chart time to time tried to break recent resistance levels but failed to move after given small breakouts, and now one more time, the index reversed from resistance line with the formation of bearish marubozu at resistance level  and now price trading at middle line of Rectangle Pattern and now we can see some small bounce or if index break 34800 level and sustain below this we can see somr downside. Currently index trading between the rectangle range 36200-34000 levels and this will place major role for next big breakout and breakdown on chart. 

Nifty Midcap 50-

Nifty Midcap 50 Daily chart trading at Rectangle’s resistance line which is now working as support and price fall after the movement and price trading near 7200 support level, if price break this support level and sustain below this we can see some major downside towards 6800/6500 levels. Index have strong consolidation range of rectangle between the 7200 to 6400 levels and now if price fall into this range we can see some consolidation between the range. 

Nifty IT-

Nifty IT daily chart is one of prime example of strong movement with strong price and price moved according to rectangle pattern breakout price moved 27000 to 3300 level and still price is strong on price we can see some major movement according to chart pattern.

Nifty Metal-

Nifty Metal Daily last week tried to bounce from the support which is formed by the Rectangle pattern, but not sustain above this level and now index again enter into the rectangle pattern. Price if consolidate between the movement 5500 to 4900 levels. If Nifty Metal break the rectangle support and sustain below this we can see some major breakdown and if Nifty Metal again able to gain the resistance level we can see some movement according to price. 

Nifty FMCG-

Nifty FMCG is only sector which is strongly outperforming in last week and now price trading above the breakout level in rectangle pattern at fresh high and index may be move towards 41K-43K levels in coming days as per chart pattern with the help of 37K support level. 

Nifty Auto-

Nifty Auto daily chart trading between the Rectangle Pattern and price moving downside with small movement and price falling. Price may fall downside towards the 9500 support level according to price movement. If Nifty Auto took support at lower level of 9400 support level we can see some movement according to next price. 

Breakout Charts

Petronet Lng (Petronet)-

Petronet daily chart finally trading at multiple support level and now price bouncing with strong price and strong volume in last 3 days, now price may continue to bounce towards 240 to 255 levels in coming days with the help of 210/215 support level on chart pattern according to price. 

Petronet daily chart once if break 210 level and sustain below this level we can see some major downside on chart pattern according to price towards the 200-190 levels. 

Bajaj Finance Ltd (BAJFINANCE)-

Bajaj Finance daily chart given breakout in Ascending Triangle Pattern with strong price and volume, and this breakout at fresh breakout with at fresh high, and this price may lead towards 7000-7150 levels in coming days with the help of 6250-6300 levels. 

If Price not able to move upside and enter into consolidation range again we can see more consolidsation between the price range 6000 to 6350 levels, fresh breakdown below the 6000 level on chart. 

Nestle India Ltd (Nestleind)-

Nestle India daily chart has given breakout in the Rectangle Pattern with strong price and volume, and now stock price trading at fresh high, stock may move towards the 22K-24K levels as per the chart pattern with the help of the 18500/18000 support level on chart.  

Shree Cement Ltd (SHREECEM)-

Shree Cement daily chart trading between the Rectangle Pattern and now stock price trading at support level and now if price break the 26.8K level and sustain above this level we can see reversal confirmation towards 28K-29.4K levels as per the rectangle resistance levels as per the price. 

Shree Cement daily chart if break the 25.5K level and sustain below this we can see fresh breakdown in rectangle pattern we can see downside only after the breakdown level towards the 24000/23000 levels. 

Breakdown Charts

LIC Housing Finance (LICHSGFIN)-

LICHSGFIN daily chart trading at Strong support level and price moving downside and volume also creating here, if LICHSGFIN able to break below the 372 level and sustain below this with strong volume, we can see some major downside towards 340-320 levels in coming days with the help of 385-390 resistance level on chart pattern. 

Power Finance Corporation (PFC)-

PFC daily chart trading in the Ascending Triangle pattern and now stock price has given breakdown in pattern, but volume is less, if stock price able to sustain below the 124 level we can see some major downside towards 118-112 levels in coming days according to chart pattern with the 129 resistance level on chart pattern. 

Zee Entertainment Limited (ZEEL)-

Zeel daily chart has given breakdown in multiple support level with strong volume, now stock price may go down towards the 160-140 levels in coming days with the help of 180-182 resistance level on chart pattern. 

Zeel daily chart if not able to sustain below the breakdown level we can see some bounce from the level according to price pattern. 

NMDC Limited (NMDC)-

NMDC daily chart trading in uptrend level and now stock price given breakdown in price with strong volume and price, now NMDC may be move towards the 140-130 levels in coming days according to chart pattern with the strong resistance level at 160 on chart. 

NMDC daily chart if not able to move downside and if able to gain the 160 level and sustain above this we can see we can see some streghth for bulls. 

Bank of Baroda (Bankbaroda)-

Bankbaroda daily chart has given breakdown in the Rectangle Pattern with strong volume and price, now stock may fall towards the 68-62 level as per pattern, stock has resistance at 76/77 level on the chart pattern. Bank Baroda is currently forming the Curve pattern according to price formation. 


Bank Baroda if gain the 80 level and sustain above this we can see some major upsie in stock according to price formation. 

Lupin Ltd (LUPIN)-

Lupin daily chart falling in last few days and now again stock has given breakdown in price, now stock can move towards 850-800 levels in coming days as per chart pattern. 

Lupin daily chart trading at fresh breakdown, if stock able to gain 982 level and sustain above this we can see some streghth to bulls. 

Charts to Watch

Havells India Ltd (HAVELLS)-

Havells daily chart finally complete the Curve Pattern  and now price trading at resistance level and consolidated here at resistance level and now if price break the 1200 level we can see confirmation for reversal on chart pattern. If Havells able to sustain below this we can see some major downside towards 1120/1040 levels according to chart pattern with the help of 1250-1260 resistance level. 

Britannia Industries Limited (Britannia)-

Britannia daily price chart trading between the strong and big rectangle pattern and we have seen strong bounce from support with strong volume, now if Britannia break the 4010 level and sustain above this we can see some major breakout towards the 4200-4300 levels in coming days with the help of 3800-3750 support on the price. 

Rectangle pattern if not able to cross the 4010 level we can see more consolidation between the 3350 to 4010 rectangle pattern and if price not able to break this range we can see more consolidation between the price. 

Cash Charts

Hindustan Unilever Limited (HINDUNILVR)-

Hindunilvr daily chart has given breakout in the Ascending Triangle pattern with strong volume and price, now stock may move towards 2750/2900 levels in coming days according to chart pattern, stock has support near the 2550 support level on the chart pattern. 

Varun Beverages Limited (VBL)-

VBL daily chart has given breakout in multi bump pattern with strong volume, now price may move towards the 840/860 levels post breakout in chart with the help of 790 support level. 


VBL daily chart if not able to sustain above 790 level and if trading below this we can see again consolidation between the recent bumps range. 

Bombay Burmah Limited (BBTC)-

BBTC daily trading between the Rectangle Pattern and now index trading at lower line and now stock bouncing from support with strong volume and price, but some profit booking not helping for reversal confirmation, if price able to break 1215 level and sustain above this we can see some major upside towards 1300-1425 post the breakout confirmation. 

Stock has strong support near the 1100 level and if stock able to break this level we can see some major downside on chart. 

Securekloud Tech Ltd (SECURKLOUD)-

Securkloud daily chart trading at strong resistance level and now price and volume indicating the breakout here, if stock break the 123 level and sustain above this we can see some major upside on chart pattern with the help of 99.00-80.00 support level on chart. 

Commodity Charts

SILVER-

Silver daily chart perfectly moving as per the chart pattern, the stock has given a breakdown in Ascending Triangle pattern and price moved 66000 to 61000 level and now price trading at 3rd point, and now we can see some bounce here and now if Silver break 64000 level and sustain above this we can see some bounce in the chart and if Silver break the 61000 levels and sustain below this we can see some major downside towards 58000/57000 level as per chart. 

Gold-

Gold tried to bounce from the Descending Triangle pattern and price took support at the lower line, and now price trading at the resistance level and formed the reversal pattern for bearish side, now if Gold break the 46800 level and sustain below this we can see some major downside towards 46000-45000 levels as per chart. Gold if break the 48100 levels and sustain above this we can see some major upside in chart pattern and if Gold break the triangle pattern lower side 45000 levels we can see some major downside on the chart. 

Crude Oil-

Crude Oil moving downside as per the chart, and now Crude has given a breakdown in the Ascending Channel pattern and price moving downside and we can see more downside towards 4350-4200 levels in coming days with the help of 4800-4850 resistance level on the chart pattern.  

Crude Oil if break the 5200 levels and sustain above this we can see again more trading between the recent level and major breakdown will be below 4200 levels. 

Copper-

Copper daily chart trading in the Rectangle Pattern and now price taking support at the lower line from support zone and now price moving upside, now if Copper break the 702-704 level and sustain above this we can see some major breakout towards the 740-760 levels, copper have support near 680 support level. 

Currency Charts

USDINR-

USDINR pair trading between the Rectangle pattern and currently pair moving slowly and now price is trading near the middle line and now if pair break the 75.000 level and sustain above this we can see movement towards the 75.500 level which is next resistance level, and now if USDINR breaks the level and sustain above rectangle pattern we can see some movement towards 76.500-77.500 as per the chart. 

Major fall will be below the 73.800 level and if pair sustain below this we can see some major downside towards the support line and if Rectangle pattern and sustain below this we can see some major downside on the chart. 

EURINR-

EURINR pair price is falling inside the rectangle pattern and still movement looking bearish here and now the price may move towards the 85.800 levels as per the chart and now pair if break the support 85.800 level and sustain below this we can see some major downside on the chart and if Pair-able to break 88.500 level and sustain above this we can see some movement towards 90.9900 level which is the resistance of Rectangle pattern. 

GBPINR-

GBPINR moving downside with some strong candlesticks in rectangle and now the price is trading near the Rectangle support level and now if the price sustains below 101.000 level we can see some major downside according to chart pattern, and now if GBPINR is not able to sustain below 101 level and able to gain these levels we can see some major movement towards the 103/104 level as per the chart. 

Bull & Bear Low Pol

141st 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.

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Chart Source- Tradingview.com

Indices Charts

Nifty-

Nifty Daily Chart perfectly moving as per Rectangle Pattern and we have seen this type move recently in Nifty IT and this is just a start if we compare Nifty IT chart with Nifty. Nifty may move towards 16800-17000 levels in coming days according to chart pattern and the stock has support near 16400-16300 levels. 

Nifty Bank-

Nifty Bank Daily Chart still trading in Rectangle Pattern and still price consolidating near price with strong consolidation in range 35500 to 36500 level, once index able to break 36500 levels and sustain above this we can see movement towards 37500 levels post-breakout and once if index break 35500 level and sustain below this we can see some major downside inside the Rectangle pattern. 

Nifty IT-

Nifty IT daily chart just perfectly moved according to Rectangle Pattern and price moved 27K to 32.8K levels according to chart and now still price moving upside and price may move towards 34K/36K levels. The index has support near 31K/32K levels according to the chart pattern. 

Nifty Metal-

Nifty Metal Daily chart trading retesting the Rectangle Pattern and now index bouncing from the support level and now index, if the break 5900 level and sustain above this we can see some major upside towards 6200-6300 levels in coming days, the stock has support near 5600-5700 level as per chart patter. You can match this Index chart with Nifty IT, Nifty 50. 

Nifty Energy-

Nifty Energy daily chart trading in Curve Pattern and now index trading near support level and now index after consolidation may break this 20000 level and now index may move towards 20400-20800 levels in coming days, Index has support near 19200-19300 level according to chart pattern. 

Breakout Charts

Larsen & Toubro (LT)-

LT daily chart moving upside and still stock trading more upside with pole and flag pattern. The stock has given breakout with strong volume and price, and now stock may move towards 1725-1750 levels in coming days, the stock has support near the 1600-1625 level on the chart. 

Tata Consumer Product Ltd (Tataconsum)-

Tataconsum daily chart has given fresh breakout in Rectangle Pattern with strong volume and price, the stock may move towards 850-875 levels in coming days, the stock has support near 760-766 level on the chart.

Tata Steel Ltd (TataSteel)-

Tata steel 4H Chart has given fresh breakout in Pole and Flag pattern with strong volume with price, and now stock moving upside and we can see some upside towards 1550/1600 levels as per chart and stock has to support near 1430/1445 level on the chart. 

Cummins India (Cumminsind)-

Cumminsind Daily chart trading in Curve Pattern and still price moving between the pole and flag pattern with strong volume and price, and now stock may move towards 1050-1150 levels according to chart pattern, stock have support near 900-920 level on the chart. 

Reliance Industry (Reliance)-

Reliance daily chart trading in Rectangle Pattern and now stock formed the inverted head and shoulder pattern and now price may move towards 2200/2270 levels as per price pattern and the stock has support near the 2100/2080 level on the chart pattern. 

Breakdown Charts

Motherson Sumi Systems (MotherSumi)-

MotherSumi daily chart trading in Ascending Channel pattern and the stock gave breakdown in pattern and stock may move towards 200/185 levels as per the chart pattern, the stock has resistance near the 235-240 levels according to chart. 

City Union Bank (CUB)-

CUB daily chart moved downside after the Symmetrical Triangle Pattern and now if stock break the 149 level and sustain below this level we can see some major downside towards the 140/135 level according to the chart with the resistance level of 155/156. 

Page Industries Ltd (PageInd)-

Page Industries daily chart trading in Rectangle pattern and now the stock has given a breakdown in retest level with strong volume and breakdown and now stock may move towards 30000-27500 levels as per the 32000-33000 levels as per chart pattern.  

Trent Limited (Trent)-

Trent Limited daily chart has given a breakdown in Ascending Channel pattern with strong volume and now stock may move towards 825-750 levels in coming days as per chart pattern. The stock has resistance near the 900-920 resistance level. 

Charts to Watch

Alembic Pharmaceut (APLLTD)-

APLLTD daily chart pattern trading near the support level after the strong fall and now stock has formed the morning star at support and now if stock break the 800 level we can see a breakout in chart pattern and we can see some recovery in stock towards the rectangle pattern. 

Oracle Finance Service (OFSS)-

OFSS daily chart has given breakout in Weekly chart with strong chart, now stock may move towards 5000-5500 levels in coming days, with the help of 4400-4300 support level on chart. 

Godfrey Phillips Limited (Godryplhp)-

Godfryphlp daily chart trading in the Rectangle Pattern and now finally stock has formed the volume here and now if stock break the 1100 level and sustain above this we can see some major upside towards 1200/1300 levels post-breakout on the chart with the help of 1000/1040 support level. 

Maharashtra Seamless (Mahseamles)-

Mahseamles daily chart trading in the Symmetrical Triangle pattern and now stock forming the strong volume on the chart and now if stock break the 330 level and sustain above this we can see some major upside towards 360/380 levels as per the chart, the stock has support near the 310 support level on the chart. 

Purvankara Limited (Purva)-

Purva daily chart moving upside as per chart and now stock moving upside with strong volume and now if stock break the 120 level and sustain above this we can see some major upside towards 140/150 levels as per chart with the help of 100 support level. 

Cash Breakout Charts

TD Power Systems (TDPOWER)-

TDPOWER daily chart has given breakout in Curve Pattern with strong volume and price and now stock may move towards 275/350 levels in coming days with the help of 200/190 support level on the chart pattern. 

Shriram City Union (SHRIRAMCIT)-

SHRIRAMCIT daily chart has given breakout in Curve Pattern with strong volume and price, and now stock may move towards 2.6K in coming days, stock chart has support near 1950 support on chart. 

The Investment (THEINVEST)-

Theinvest weekly chart has given breakout in the Descending Channel pattern with the strong and highest volume of all time and now stock may move towards 163 level and once if stock chart able to sustain above this level we can see major breakout towards 200/250 levels as per chart with the help of 100 support on the chart. 

Krebs Biochem & Ind (KRESBIO)-

KRESBSBIO daily chart has given breakout in a cup and handles pattern with strong volume and price, and now stock can move towards 170/190 levels as per the support level near 130 support level on chart. 

Titagarh Wagons Limited (TWL)-

TWL daily chart has given breakout in curve pattern with strong volume and price in range, now stock can move towards 130/150 levels in coming days with the help of 80/75 support near the level. 

Emkay Global Fin (EMKAY-

EMKAY daily chart has given breakout in Curve pattern and stock moving upside with strong volume and now stock may move towards 180/210 levels with the help of 100 support level on the chart pattern.