CKParkhi

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

CKParkhi

# NMDC (10/12/2020) > A beautiful turtle setup > Dragonfly Hammer (Support at 100 ) > TGT (25% upside) > Levels appear on the chart as TGTs

CKParkhi

# Kotak Bank 10/12/2020 > Consolidation zone (1812 - 1940) > Will this continue for some time? > Or we will get a breakaway? > Playing contra at these levels > A close above 1940 will confirm Flag B/O

CKParkhi

# United Spirit (10/12/2020) > Respected 575 - 580 (SAR) Zone > Bullish Engulfing > Thin auction zone (590 - 604) may get auctioned > Chances are that it may negate possible Shooting star via inverted hammer formed on 08/12/2020 > Play long-side with the help of CPR > Short term TGT (1) 613 SL (570) CLB

CKParkhi

# IBUL (10-12-2020) > Got support at 191 > If respected with intraday flush till 188.. > TGT (208 - 226) > SAR Level 188 (CLB)

CKParkhi

# Dabur (10/12/2020) > Out of consolidation zone (Range B/O) > Got support at 65 DMA and closed above 50DMA > Closed above Monthly Pivot > TGT (522 - 530 - 550 - 575 - 585) SL 495 (CLB)

CKParkhi

SUN Pharma: 1. SH Taken out on weekly basis. 2. H&S neckline re-test pending. 3. Ideal fresh entry at re-test. 4. Could be a trap higher level.. 5. Ooper Chal Gaya to achha nahee to ????

CKParkhi

Bearish BAT in progress Entry: As near as 315 / Above 325 SL: 211 TGT: Follow Fib retracements of (X-A) leg

CKParkhi

# DLF # Heading towards Structure Re-test # Buy Retracements # Gap N' Go play

CKParkhi

# BPCL # A complex Long setup (May get unfold) # Respecting Pitchfork (Means probability is upside move) # Red Boxes (A) = (B) - Historically Spike Zone # Contra trade near 380 (Go long) and SAR # Long as near as 380 (SL - 1 - 2%) # Can be played through Options

CKParkhi

NIFTY has been in a range of 11,200 - 11,300 during I week of OCT. Brake away upside is more likely coz on 5 Min chart there is an inverted H&S appear. That has a clear TGT of 100 - 150 points (Equivalent to 100 - 150%) of the range-bound move. However, if we see any GAP Up opening towards 11,360 - 11,370 fed it first for 11,300 - 11,315 and again go long for...