The present work is devoted to the study of non-linear dynamics of the supercritical water reactor (SCWR) with a parallel channel configuration. To fulfil this objective, point reactor kinetics has been coupled with a parallel channel thermal-hydraulic model. The reduced ordered model is developed by coupling point kinetics equations with one group of delayed neutrons, fuel heat transfer and 1-D fluid flow model. The existing studies are commonly limited to linear stability analysis, therefore, present work focused on to demonstrate the nonlinear dynamics of the SCWR with parallel channel reactor core. The stability boundaries are shown in thermal hydraulic (pseudo phase-change and pseudo subcooling number) and intrinsic reactivity feedbacks (Doppler and density reactivity feedback) parametric spaces. Several bifurcation characteristics associated to density wave oscillations namely, subcritical, supercritical and generalized Hopf bifurcations are observed, which is also confirmed by calculating first Lyapunov coefficients. Corresponding to these phenomena, several numerical simulations are carried out at different parametric values, which confirms the existence and nature of the limit cycle behavior associated with these bifurcations. In addition, parametric sensitivity analysis on the stability characteristics are also carried out.