ChartBook Archives - Mr Chartist

150th ChartBoook

October 16, 2021

by Rohitlodhism ChartBook

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 […]

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149th ChartBook

October 9, 2021

by Rohitlodhism with No Comment 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.