CKParkhi

CKParkhi

Short to medium term investment idea: Mc Dowell Bullish above 945 SL 912 TGT 1040 / 1285 / 1350 * Buy 1000CE JAN Expiry at 7-9 (SL 4) TGT Double

CKParkhi

Bajaj Finserve 1. H-H / H-L formation got violated 2. Strong hands are likely to vacate at the retracement (As indicated on the chart) 3. Sellers may get active around 17,600-17800 levels for depicted target.

CKParkhi

IRCTC 1. Broken the Triangle and heading deep down 2. Conservative targets are depicted on the chart

CKParkhi

Marico 1. Closed below 21 EMA 2. Immediate resistance is 550-555 3. LL-LH formation got established 3. Momentum indicators turned negative 4. TGT can be Fib retracement levels (Labeled on the chart) 5. Might retest 50 EMA and 100 EMA that gets confluence with Fib retracements.

CKParkhi

Underwent the supply zone. Look for shorting upon retracement around 1850-1875 with SL as 2% Target is depicted.

CKParkhi

OBEROIRLTY. Keep this counter under radar. Observe price action near tentative support level (Zone). Take calculated risk as per your risk apatite on a BUY side near these levels for 10%+ conservative upside.

CKParkhi

IEX has shown good run-up recently. But it is now on correction mode. A simple ABCD correction may lead the stock to to 590. View invalid closing above 650

CKParkhi

NIFTY Monthly Chart brief analysis. Below 17,100 market may go into deep correction as depicted by Fib retracement.

CKParkhi Updated 

1. Both of the charts suggest clearly that below 18,150 the market is only on Sale. 2. We have many tools on smaller TF to find the level to go short at. e.g. Daily/Weekly CAM Pivots / Price action derived Supply Zones / Trend Lines / Channels / Option Data. 3. On both charts we have a decisive upward slopping trend line in common (Green on left chart &...

CKParkhi

Tata Steel 1. Trading below 100EMA 2. HNS Broken 3. Closed below 1,231 (last credible support) 4. Trading within Pitchford and may extend move towards lower 1st Deviation 5. Has potential to move towards 200EMA and ABCD Tgt confluence at around 1,125 and beyond

CKParkhi

Reliance got two possible patterns on Daily TF 1. Extended ABCD (TGT 2350) 2. H&S (If breaks below 2480) TGTs open till 100 EMA. In both above cases, until 2600 is not taken out, its a sell on rise candidate.

CKParkhi

NIFTY may have the inverted H&S looking at how SNP Midcap and Smallcap (Especially SNP 200/100) got support at retracement.

CKParkhi

Maruti has been facing resistance at 7800 since long. After 3 attempts, it overcame the level. First phase would be short covering till 8000 and then will turn into long buildup. Buy as near as 7800 SL 2-3% Targets are mentioned as Blue (Fib Extensions)

CKParkhi

NIFTY 13/21 EMA Crossover is going to be the key to the market going forward. The day cross will appear there will be a great chances, market will retrace upside to reach the crossover. That will be the point of consensus between bulls and bears for further moves. However, there are two pending downside TGTs of Extended ABCD pattern. Post those two TGTs we...

CKParkhi

The key to retracement is 13/21 crossover. We still have 2 downside TGTs pending with extended ABCD pattern.

CKParkhi

Symmetrical Triangle + Flag B/O possibility in Grasim. Max Pain stands at 1700 (Nov Series). Buy as near as 1700 for higher TGTs. SL 1680

CKParkhi

ITC Max pain stands at 240. Good chances of Short Covering after consolidation.

CKParkhi

Axis Bank Short Trade identified..........................................................