CKParkhi

CKParkhi

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

CKParkhi

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.

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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

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

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

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

CKParkhi

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

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

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

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

CKParkhi

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

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

CKParkhi

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

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

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

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

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

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