CKParkhi

CKParkhi

Bank NIFTY Observations as on 09 August 2024: 1. Retracement done precisely till 50% of June--July 2024 upswing. 2. Wolfe Wave pattern found on the chart which I mingled with (3-Drive pattern) 3. Extended TGTs of these patterns are calculated based on 05 Aug high - 06 Aug low. These are respectively (1.272/1.414/1.618/2) 4. Daily close above 50,750-50,800 will...

CKParkhi

ITD CEMENTATION 1. After a short term bull move, the stock is going through a pull back. 2. The un-mitigated FVG remains at the Magenta Zone as depicted on the chart. 3. This FVG confluences with the buy zone created by the retracement (50-61.8%) 4. 445-450 is the key level to watch for going long again. 5. Remain patient if we get any spike from the current...

CKParkhi

Tata Motors: 1. 1010 is a key level to observe for on a daily closing basis. 2. Once closes above 1010 on Daily the 975 will remain as a Swing Low and will act as a Stop Loss 3. Targets are depicted on the Chart, in this case BUT In case we see a liquidity sweep or Grab around 1,010 the counter may test 925-935 levels.

CKParkhi

ERIS LIFESCIENCE Got stuck on a weekly TF in a range. Range B/O will lead to fast move towards TGT-1 depicted in the RED path Retracement buy trajectory is depicted in the BLUE path. Trade according to the Price Action developing along these paths.

CKParkhi Updated 

ITD Cementation A Nice Impulse Move 5t Wave triggers Target is measured by Mirror move count of the previous swing. TGT 560+ (Nearly 50%)

CKParkhi

tat Chemical has been under consolidation for past few weeks. Currently midway of Wolfe Wave. There are two Buy levels. Whichever comes first, BUY TGT can be 1300

CKParkhi

Titan came out of its bad phase. Earlier Resistance is now a Support. RSI walked past 60 on Daily Chart Buy on Intraday Dips (Use Camerilla Pivots for longer range) Quite possible it march past Previous Highs

CKParkhi

Gravita given B/O and leading up. SL and TGTs are depicted on the chart

CKParkhi

Man Industries showing Strength. Harmonic pattern suggest Higher TGTs as depicted in Blue Trendline B/O Taken place. Buy on Retracement (400-414-420)

CKParkhi

Inverted H&S on a Weekly chart on the verge of the break upwards. Initial Buyers can make Longs around 590-600 (SL 1-2%) TGTs are depicted on the chart

CKParkhi

Be cautious with Apollo Hospitals. On the Daily chart, it looks like trend line breakout. As on today its near resistance. If It crosses above these resistances, it will render probable Wolfe Wave invalid and will continue move upwards. Nevertheless, Keep a hedge by selling CE of higher levels and keep a strict sL as depicted on the chart.

CKParkhi

Weekly Chart Analysis NIFTY (Pharma is out of bound after 3 months of consolidation. Mirror move of a previous swing (Notably 3rd Elliot wave count) leads to 24k+ levels. One can pick up quality stox in pharma for next up moves.

CKParkhi

One can observe that BEL shown up a tendency to move 50 points from each break out level of a previous swing. On the chart I tried to depict the same. Hope it would work this way. Follow your own risk management

CKParkhi

Channel Break out is imminent. Go Long Above 75. Eat one leg of 4-5% and Buy back again around the same levels (75) upon retest. TGT being 2 times of the channel width (Minimum). SL Below 64 (Closing Basis)

CKParkhi

Powergrid is following 5th wave. Mirror move count ends at 400 Offering good R:R

CKParkhi

The counter is following prominent Harmonic pattern having Targets beyond 800. Sl - Red Line TGTS - Blue Lines

CKParkhi

Enginners India is safe to buy with SL of 228 (Closing Basis) TGT 300+

CKParkhi

Earlier suggested to go go long on the pre pole result day on dip. It respected our level. Today on 11 June its a break out again. Go long confidently for Targets depicted on the chart