akshit_official

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...

akshit_official Updated 

Symbol - USDJPY USDJPY has encountered support and appears to have staged a false breakdown of the lower boundary of the prevailing local trend. At present, the dollar is strengthening, which could present an opportunity for the currency pair to appreciate. The price is consolidating in a strong support zone, and the fundamental environment has been volatile...

akshit_official Updated 

Symbol - BTCUSD BTCUSD is reflecting a shift in market sentiment, with its current price action indicating a potential continuation of the ongoing correction. BTCUSD is currently trading within a falling channel pattern, with global market consolidation providing the broader context. There is a possibility of another retest of the 90,000 risk zone. On the...

akshit_official Updated 

Symbol - EURJPY EURJPY is currently trading within a important support zone. This level has acted as a solid base for price action, offering stability to the currency pair and providing key support for the ongoing trend. At current market price (CMP 156.50), EURJPY presents a promising opportunity to initiate long positions. The current price level aligns well...

akshit_official Updated 

Symbol - MANAPPURAM Manappuram Finance Ltd. has been experiencing a recovery from lower levels in recent weeks. The stock has bounced back from support zones and is now testing key resistance areas. However, it faces considerable challenges at higher levels, showing signs of consolidation as it approaches its resistance zones. The overall trend appears to be in...

akshit_official Updated 

Symbol - M&M CMP - 3218 Mahindra & Mahindra Ltd. has been witnessing a recovery in recent weeks after facing a significant decline. The stock has shown strength by bouncing back from key support zones and is now encountering key resistance levels. However, it faces challenges at higher levels, and we are starting to see signs of consolidation & bearish price...

akshit_official Updated 

Symbol - NIFTY50 CMP - 23700 The Nifty50 is still trading within a falling channel pattern, which continues to highlight a bearish technical structure. Currently, the index is facing resistance at the upper end of this channel, between 23700 - 23820. Given the ongoing downtrend and resistance levels, there is a strong possibility that Nifty may experience a...

akshit_official Updated 

Symbol - IPCALAB Ipca Laboratories has recently experienced notable price movements, trading near resistance levels after a good pullback from lower levels. Currently, the stock is trading near major resistance zone, which follows a period of strong recovery from its earlier lows. However, the trend appears bearish, and the sentiment is negative. This increases...

akshit_official Updated 

Symbol - GBPUSD The GBPUSD pair has been showing strong bullish momentum, particularly after the reversal from the mid-January low and the recent rise back to 1.2500 The price action suggests potential for further upside, with 1.2700 emerging as the next key resistance level. Buying the dips remains the most favorable strategy in this context. Currently, the...

akshit_official Updated 

Symbol - OMUSDT OMUSDT is a noteworthy asset in the current market context, as it stands out as one of the few coins exhibiting bullish momentum while many altcoins are experiencing successive declines. The situation may be partially influenced by BTCUSD, should Bitcoin undergo a more significant downturn, this could impact the broader market, as no asset would...

akshit_official Updated 

Symbol - USOIL The USOIL has recently experienced a decent correction within its uptrend, which has provided an opportunity for price consolidation before the potential continuation of the bullish trend. This correction has allowed the market to stabilize, and the recent price action suggests that the uptrend is likely to resume, supported by a combination of...

akshit_official Updated 

Symbol - XNGUSD Natural Gas has recently been trading within a wedge pattern, which has now broken to the downside. This technical development suggests that the upside potential appears capped for the time being. The market is currently testing critical levels, and the broader outlook seems to be more focused on downward movement in the short to medium...

akshit_official Updated 

Symbol - XAUUSD CMP - 2858 Gold has reached a new all-time high (ATH) of $2861 & trading at rising channel resistance, amidst heightened risks of tariff conflicts and persistent inflation, encountering resistance at the channel trend. However, due to potential political manipulation, the possibility of a market correction exists. Currently, gold is...

akshit_official Updated 

Symbol - KALYANJIL Kalyan Jewellers has experienced a significant sell-off in recent months, with the stock falling by more than 40%. Historically, such large sell-offs tend to indicate that recovery in the short term can be difficult, as sentiment turns heavily negative and market participants may remain cautious. This suggests that the bearish pressure may...

akshit_official Updated 

Symbol - XRPUSDT Yesterday evening, XRPUSDT retraced the previous decline but encountered significant resistance, which defines the upper boundary of the descending channel. This may lead to a potential correction. Following a notable upward movement, XRP is now entering a corrective phase, which is occurring within a descending channel or flag pattern. The...

akshit_official Updated 

Symbol - GBPUSD The GBPUSD is currently testing the resistance level within its downtrend, but the price lacks the momentum to break through this range. Anticipation of upcoming news could further reinforce the downward movement. On the daily chart, the price is also exhibiting a false breakdown at a relatively significant level, reinforcing the notion that the...

akshit_official Updated 

Symbol - USDCHF The USDCHF pair is currently entering the realization phase following an extended period of correction. A favorable environment has been established by the ongoing uptrend and the strengthening of the dollar. The technical outlook on the daily timeframe is positive. After breaking through trend resistance, the price retested the previously...

akshit_official Updated 

Symbol - BTCUSD BTCUSD is currently encountering substantial resistance, with the price being significantly repelled from the 105-107K zone, establishing a strong resistance area. However, this resistance does not yet negate the broader bullish outlook in the market. A complex market structure is unfolding, characterized by both a descending channel and a...