Getting a 100 parry combo can be really difficult. Not only is there a time limit between parries, you also can't miss a single action without resetting the counter. Unfortunately, this makes it incredibly difficult, especially on lower levels, to have encounters where you'll hit 100 without something going wrong. However, I found a trick to make this super simple.
When you're within striking distance of a giant Oni, the enemy will repeatedly use the same attack. This makes for a really easy rotation that you can do endlessly, provided you're looking the other way when you successfully parry. In addition to this being a good method, the margin of error is surprisingly high. Not so high your can absentmindedly get this trophy, but enough where any input in the general timeframe of him lowering his kanabō is fine.