Yes. "Parry a blow" has a very similar meaning to "ward off". "To parry" is a verb that comes from fencing, sword fighting. To parry means to block, or fend off a thrust or attack, by your opponent. For instance: "he parried the blow by holding his sword vertically".
"To ward off" means to prevent something happening; "Let's avoid a confrontation"; "head off a confrontation"; "avert a strike".