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  • Writer's pictureEkat

Nifty50 Stock Price Analysis for 13th December 2023

Nifty50, 1H Heikinashi candle closed below previous candle indicating downward pressure. However the overall counts remain bullish since wave 5 levels were not formed yet. This wave will expand further after brief pull back.

Were you caught on wrong side today? Comment below and share your story.


Nifty in pull back


Nifty50 in pull back phase with three to four red candles on Heikianshi candles indicating some downward pressure.

To reduce noise, we can shift to Heikinashi candle like above. Would like to see some pull back before moving further up however trading with strict stop loss and not giving away any profits.

We will have deeper analysis planned on Friday. Come back everyday for free Nifty50 analysis and Elliott Wave Counts.

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