CKParkhi

CKParkhi

Considering retest of Swing B/O is done on Red Horizontal line (125), Geogit is one of the best stocks to play as a swing trade

CKParkhi

Laxmi Organic Industries Limited Weekly Chart B/O with supported volume. Has a potential to go double. TF 2-3 Years

CKParkhi

Paint Industry is going through transformation and becoming more competitive. New players like Kotak engaged with with innovative business model and practices. All are bringing more value for the middle men and consumers alike. Like aviation companies, this is the only industry in the consumer goods space that has been struggling for uptick in the margins. Level...

CKParkhi

Go Long setup: Look for reversal price action around 540-520 zone that represent FVG on Daily TF. These are the levels where we get the confluence of Downside mirror move and the FVGs

CKParkhi

A crude method to ascertain Support and Resistance Levels for any Instrument for the next day. Resistance : Call Strikes with I and II Highest O/I (+) CE Option premium of the respective strike prices Support: Put Strikes with I and II Highest O/I (-) PE Option premium of the respective strike prices Keep in mind the change in O/I during the day to ascertain...

CKParkhi

BHEL Super favorite of Traders and Investors. For PA Traders both opportunity exists. Up move will face resistance at 6-10% up from current Levels. Down move may see 20-25% from the top Levels and the probable trajectory depicted on the chart.

CKParkhi

Beaten up by good quarterly numbers but bad management commentary. Good Business Module and growth Currently hovering around support with no volume. May spurt up quickly once the initiative buyers steps in with the Volume Keep tab on the trigger. Long Setup explained on the chart.

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.