CKParkhi

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

CKParkhi

The counter is out from multi week consolidation. Buy on dips till 121 TGT 160 - 240 (30-100%)

CKParkhi

HCC positioned Nicely at Wolfe Wave On Monthly Chart it has best R:R Go for Blue Lines as TGTs

CKParkhi

ONGC out of Danger area Buy at 265-268 SL Close below 250 TGT - As depicted on the chart

CKParkhi

A long Bet for Medium to Long Term. A Breakout above 155 will lead to 175+ SL close below 150

CKParkhi

A multiple chart pattern like Trend Line B/O and a distinct Cup and Handle suggests that the counter entered in a Bulls Territory. 1440 is a line of demarcation. Can be traded with this SL on a weekly chart.

CKParkhi

Chambal fertilizers. Its a Drop-Base-Rally case if crosses and closes above 333 on a weekly chart. All retracements can be bought for a target of 500+

CKParkhi

Trade plan based on Momentum. # Risk / Caution : Trendline Break out's Retest are still pending which are deep. Refer Red and Blue Trendlines on the chart which are B/O levels. ATR and Retracement Based Analysis: Monthly ATR (230) Weekly ATR (100) Daily ATR ( 40) 1. September H-L = 2480 - 2255 = 225 Means Monthly move is already achieved for...

CKParkhi

HDFC Bank (My Observation as on 19-09-2021) 1. On weekly Chart HDFC Bank seems to be following depicted harmonic pattern that has TGTs as 1720 (Min) and 1820. 2. 1516 being B/O level of this pattern and encountered with rising channel upper band resistance during I week of September. 3. Revered from top of the channel and again heading the same upward...

CKParkhi

//PSU Bank Index// Why does it look like a time correction going forward? Reasons: 1. Despite taking support at 38.2% retracement of the current swing, it's over 3 weeks, the index did not revert and resumed northwards. 2. 38.2% retracement is considered as a fast retracement in a climax move like this one. If the move has true energy, prices do not stay at...

CKParkhi

# Trading above 21DMA # Volume + D. Volume Increased # Gathered energy within a range in the last 1 month # Good to go above 167 (SL 157 CLB) # TGT - 188 / 210

CKParkhi

# ONGC (10/12/2020) > A beautiful turtle setup > Dragonfly Hammer (Support at 86 ) > TGT (25% + upside) > Levels appear on the chart as TGTs