akshit_official

akshit_official Updated 

Symbol - XAUUSD CMP - 2912 Gold is currently testing a key level, bouncing off previously tested trend support, which opens up a potential for upside movement. As global economic risks remain high, gold continues to be in demand as a safe haven. This demand is especially pronounced amid ongoing geopolitical tensions, including the upcoming US-Russia talks in...

akshit_official Updated 

Symbol - GBPUSD GBPUSD is attempting to capitalize on a potential trend reversal amid the ongoing correction of the U.S. dollar. The price is currently testing a key resistance level within a consolidation phase, indicating a possible breakout. On the daily timeframe, the price remains above the previously breached trendline, with the effort to surpass the...

akshit_official Updated 

Symbol - USDCHF The USDCHF pair recently broke its upward trend following a shift in the fundamental backdrop, with the U.S. dollar entering a corrective phase. A potential set-up is forming on the chart that could reinforce this shift. The situation remains complex due to the ongoing tariff dispute initiated by President Trump, with European nations responding...

akshit_official Updated 

Symbol - CAKEUSDT CMP - 2.570 CAKEUSDT is currently experiencing a false breakdown of critical resistance levels, indicative of a bullish rally. The potential further decline in altcoins may be influenced by Bitcoin's ongoing weakness. Technically, the movement in CAKE appears to be a counter-trend strategy, aiming to accumulate liquidity before a possible...

akshit_official Updated 

Symbol - POPCATUSDT CMP - 0.3290 POPCATUSDT is currently testing trend resistance on the 4-hour timeframe. A rapid approach toward the upper boundary of the channel, accompanied by a false breakout, could lead to a correction or a continuation of the downward movement. The broader market trend remains bearish, and the short-term trend aligns with this overall...

akshit_official

Symbol - GAIL CMP - 158.10 GAIL Ltd. has been following a downward trend over recent months, with the overall technical structure remaining bearish. However, the stock has recently reached a crucial support zone, which lies between the 154-162 range, a level that has held strong since January 2024. This area serves as a key support zone, and it could offer the...

akshit_official Updated 

Symbol - Nifty50 CMP - 23772 The Nifty50 continues to trade within a falling channel pattern, indicating a bearish technical structure. Currently, the index is testing key support levels near 22800-22700, which were identified as critical support zones in the previous analysis. Given the strong & key support area at these levels, there is a high likelihood of a...

akshit_official Updated 

Symbol - SOLUSDT SOLUSDT is currently testing its trend support, with bulls attempting to maintain their position above the intermediate bottom and establish a foothold in the buy zone. Both from a fundamental and technical perspective, SOLUSDT shows promising potential. At present, Bitcoin is in a consolidation phase, which may present an opportunity for strong...

akshit_official Updated 

Symbol - DJI CMP - 44593 The Dow Jones Industrial Average is currently trading within a symmetrical triangle pattern, indicating a period of consolidation. This technical structure suggests that the price is experiencing a balance between buyers and sellers, with no clear directional bias in the immediate short term. The breakout of this triangle, whether...

akshit_official Updated 

Symbol - USDCAD The USDCAD pair is currently consolidating within the range of 1.4485 to 1.4280 The US dollar has been experiencing negative momentum recently. However, with the Non-Farm Payroll (NFP) report upcoming, the data could either reinforce the ongoing correction or provide support to the US dollar index. Market attention is focused on today's economic...

akshit_official Updated 

Symbol - EURUSD CMP 1.0360 EURUSD is attempting to capitalize on the recent correction in the U.S. dollar. The price is currently undergoing a retest of consolidation resistance, aiming for a potential breakout and further upward movement. Following an initial attempt to breach the downtrend resistance, the price entered a consolidation phase, establishing a...

akshit_official Updated 

Symbol - GBPCHF CMP - 1.1388 The GBPCHF pair has been consolidating within a range for the past 6 months, and it is expected to remain within this range for some time. Currently, the pair is testing the upper resistance zone of this range, which has acted as a cap on price movements. As a result, I expect the price to fall back within the range from...

akshit_official Updated 

Symbol - XAUUSD CMP - 2916 Gold is currently testing a critical risk zone within its corrective phase, where the market faces a decision point: either the continuation of the prevailing trend or the onset of a deeper correction. Attention is focused on the recently released US CPI data, which exceeded expectations. Markets remain uncertain due to the potential...

akshit_official Updated 

Symbol - DXY The U.S. Dollar Index (DXY) is currently trading within a key support zone, which has historically acted as a pivotal level for price action. A clear double top pattern has emerged on the larger time frame, signaling a potential bearish reversal. A breakdown below this support area would likely signify a shift in the short-term trend of the U.S....

akshit_official Updated 

Symbol - ASIANPAINT Asian Paints is the largest home decor company in India. The 80+yr old company has major brands like Asian Paints, Berger, Apco, etc under its umbrella. The co. is into wall paints, wall coverings, waterproofing, texture painting, wall stickers, mechanized tools, adhesives, modular kitchens, sanitaryware, lightings, soft furnishings, and uPVC...

akshit_official Updated 

Symbol - BANKNIFTY CMP - 49300 Bank Nifty has recently approached a crucial resistance zone, positioned between the 50600 and 51000 levels. This zone has acted as a significant barrier to upward movement. Observing the recent price action, Bank Nifty has tested this resistance area multiple times, confirming its strength. From a technical standpoint, the index...

akshit_official Updated 

Symbol - AUDCHF The AUDCHF pair is currently trading near a resistance zone between 0.5712 - 0.5725. The technical outlook remains positive, supported by the ongoing uptrend and the weakening of US dollar. After breaking through resistance, the price may retest the previously breached level, consolidate above it, and establish an interim low, signaling potential...

akshit_official Updated 

Symbol - CHFJPY CMP 167.28 CHFJPY is currently trading within a key support zone, which has been acting as a major support area since November 2023. This level has provided a solid foundation for price action, and its importance in maintaining the current bullish trend cannot be understated. In my analysis, CHFJPY is presenting a good opportunity to initiate...