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  • Writer's pictureEkat

Nifty50 Stock Price Analysis for 22nd December 2023

Nifty50 daily chart is Wave 3, all pull backs are buy on dips.

Also, never trade against Heikinashi Candles.

This entire down could possible be just wave 1 of 5 waves down. I still don’t think this rally will continue till a good 3 waves abc patten is form on higher time frames.

Nifty50 going down and. Pull back up

Market started with downside and then the top of the first candle in 15 min was taken, it got retested, where you could have entered with rally up.

If this wave 2 plays out well then we can plan shorts, if this goes beyond the red slanting line then I will look for more upside.

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