CKParkhi

CKParkhi Sep 11, 2023

Long above 1560 SL 1517 TGT 1650 A good to go long chart setup

CKParkhi Aug 12, 2023

NIFTY (Top: 20,000) We reached half way 19,650 and 19,800 are major hurdles for Bulls. We might go down to 18,800 as previous levels and correction pattern reveals.

CKParkhi Updated  Jun 7, 2023

Elliot Wave count three (3) got active today, above 18,265. With this SL (-20-25 points). Now two patterns are making a confluence. Butterfly (harmonic pattern, as depicted in red color) and Elliot wave count (3) three, which will be larger than wave one (1) 400 points (18,000 - 18400). I expect minimum 18,700 in quick sessions as both CD of butterfly and the...

CKParkhi May 6, 2023

Inverted Hammer at Swing High (@weekly). If prices travel below 18,000 and stay below it for a couple of days, we will have a "Shooting Star". The likely TGT could be 2.0%-2.5% downside (17,650 - 17,500) (View invalid above 18,300)

CKParkhi Apr 2, 2023

A conservative TGT of 8.5% (Expected GDP for FY23-24) in NIFTY based on Price Action. An imperfect WW TGT also coincides with this level (TL in purple color)

CKParkhi Feb 2, 2023

NIFTY IT showing strength. Post B/O the majors have potential to move 15-20%

CKParkhi Oct 8, 2022

NSE:ICICIBANK 1. 2H Chart suggests a possible HNS. 2. If 835 does not get defended, we have a deeper TGTs downside. Follow Extensions as depicted on the chart. 3. 890 - 865 - 835 are key reaction levels where a trade can be thought of based on price action on a given day.

CKParkhi Oct 4, 2022

NSE:ADANIENT 1. In the middle of the range of buyers and sellers 2. Selling opportunity exists near 2500 (Confluence) 3. Buying levels are deep down.

CKParkhi Oct 4, 2022

NSE:CNXFMCG 1. FMCG basket has got short-term structure break downside. 2. Still has space on the downside - 3-4% 3. Initiative buyers may appear out there.

CKParkhi Oct 4, 2022

NSE:BRITANNIA 1. FMCG Index still has some space on the downside (3-4%) so does this counter as well.

CKParkhi Oct 4, 2022

Hindustan Unilever Limited (HUL) NSE: HINDUNILVR 1. As FMCG Index suggests nearly 3-4% downside space, it would be prudent to wait for some more time in HUL, for a mega move 2. Posting Index chart as well for reference.

CKParkhi Sep 29, 2022

NSE:ITC ITC tending to come back at 300 zone shortly

CKParkhi Sep 29, 2022

NSE:RELIANCE 1. Long term channel B/D taken place 2. Sell on rise towards 2,440 3. TGT 1950 - 1800 (Mirror move - as drawn on the chart)

CKParkhi Sep 29, 2022

NSE:NIFTY There are two major parameters plotted on the chart 1. Percentage ladder (1% multiple) - Indigo as per Fib Series (1,2.3,5,8...) 2. Extension of the previous swing on the downside. Major downside TGTs exist at 1.272 and 1.687 levels.

CKParkhi Sep 25, 2022

CNX Infra NSE:CNXINFRA Infra Stox are some of the most volatile bunch. To be tracked and traded individually, roughly, we may expect 5-10% upside from current levels and then doom! All PA logic and levels are on the chart.

CKParkhi Sep 23, 2022

NIFTY expected move: NSE:NIFTY We have some major economic and geo-political reasons to keep in mind 1. Weaking world currencies against USD (I am expecting a 10Y USD Bond yield to go double to 7bps (2006 levels) from the current 3.5bps - Actually, it started rising from 0.5bps. 2. Financial and Economical weaker backdrop of Europe given Russia- Ukraine...

CKParkhi Aug 4, 2022

ICICI Prudential 1. Trading above all key DMAs 21/50/64/100/200/233 (Both on Daily and Weekly TFs) 2. Approaching potential B/O level 3. Any close above 570 will trigger upside to minimum 10-20% in a short term. 4. Entry above 568 Stop Loss Below 542 (Closing basis) TGT - As depicted with Blue Flags on the chart

CKParkhi Jul 28, 2022

Cadence Design Above 180 it has higher TGTs to achieve. All levels depicted on the chart