akshit_official

akshit_official Updated 

MCX Gold has rallied one way from 62000 to 66000 in last 8 days without any major retracements. This sharp up move can not sustain without a good retracement. Dollar Index is also trading at a major support zone of 102.500 so there's very high chance that we might see a correction very soon. Here's a trading opportunity. GOLD CMP - 65950 I'm taking short...

akshit_official Updated 

ITC is currently trading at support zone of 400-410 levels & It is consolidating here since 5-7 days. I am seeing a trading opportunity here. I am taking long position in ITC march futures at CMP 407. I will add more position if 402-404 comes. My stoploss would be 397. Target would be 425. Disclaimer - Do not consider this as a buy/sell recommendation....

akshit_official Updated 

Symbol - XAUUSD CMP 2147 A retracement is pending in XAUUSD after a huge up move. Taking short position in XAUUSD at CMP 2147 SL - 2160 Expected Targets - 2125, 2112 & 2090 Disclaimer - Do not consider this as a buy/sell recommendation. I'm sharing my analysis & my trading position. You can track it for educational purposes. Thanks!

akshit_official Updated 

Symbol : ASIANPAINT Currently Trading at 2948. Trading at a good support area. This stock is fundamentally good and currently trading at lower valuations than usual. Long position can be made at CMP 2948 with SL below 2900 for targets of 3140-3230 & 3500. P.S. : I've made long positions in Feb futures today & this is not a buy/sell recommendation. I'm just...

akshit_official Updated 

SYMBOL - ICICIPRULI There is a flag & pole pattern on daily time frame in ICICI PRU LIFE. CMP is 520 I am taking long position in march futures here at CMP for 560-590 target. Stoploss would be 498. It is in good support zone & consolidated here. I think it is ready to blast. After breaking out above 530, It will move towards 560 & 590 very...

akshit_official Updated 

Natural Gas has broken important support zone of 160-165 this week & now trading at 135. Natural gas is approaching its next major support zone of 128-120 CMP is 135 & I'm opening long position in futures. I'll add more position if 125-126 comes. SL would be below 119 Targets I'm expecting are 158 and 167 which was support zone before & now a...

akshit_official Updated 

This is a short term swing trading idea. Symbol : HDFCLIFE HDFC Life is Currently trading at a support zone of 600 level. Long positions can be made at CMP 604-605. Targets : 645 (7%) - 670 (11%) - 720 (20%) SL : 590

akshit_official Updated 

Symbol : Reliance Trading Idea : On daily and weekly TF, It looking like a consolidation & breakout but as per my analysis, Reliance is currently Trading at 2 year resistance zone & this breakout may fail as the stock is already given a huge upmove on weekly TF. One can go short at current levels of 2640-2670 with SL of 2710. Target 1 : 2545 Target 2 : 2485

akshit_official Updated 

Natural Gas is currently trading in a support zone of 170. It is a long term support zone and CMP is 172. Long position can be taken at CMP and more can be added around 168-166 levels with Stoploss below 162. Targets can be 192 & 210. I'm expecting the gap to be filled which was created some days ago because of panic selling & news flow. I've created long...

akshit_official Updated 

Nifty Ends Above 22,000 today, For First Time. Time to be cautious? The setup for 2023 was very powerful as its previous calendar year witnessed only 10 new 52-week highs, while for 2024, its previous calendar year saw a staggering 29 new 52-week highs. Today markets opened at new lifetime highs marking the second new lifetime high in just 15 days of calendar...

akshit_official Updated 

SYMBOL : ICICI PRU LIFE Currently trading at long term support zone of 500-510. A descending triangle pattern in making. Breakout of this pattern will lead to 545-562 & 580. Long position can be taken at CMP 514-515 with SL of 500.

akshit_official Updated 

Symbol : USOIL USOIL is currently trading in a falling channel & consolidating in demand zone. Breakout of this channel & area will lead to a bullish upmove. One can Long in USOIL at Current level 72. SL : Below 70 Target : 75.50 - 78 - 82

akshit_official

After rallying steep for about 10 weeks, Dow Jones currently trading at 37,400 levels. Dow Jones is currently trading within a narrow range of 400 points between 37,300 & 37,700. 37,500-37,700 is now an important resistance zone & Dow Jones must break 37,700 to move further up. On breaking and closing below 37,200 level, Dow Jones can test 36,200 and 35,500...