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  • Writer's pictureEkat

Nifty50 Stock Price Analysis for 24th November 2023

Nifty50 is in wave 2 of 2. I was expecting it to go higher, however a pull back is required to prepare for further up move.

Our counts remain the same. We will go higher as long as DXY is falling.

Nifty50

Heikinashi Candles help, to certain extend. Can go from one time frame to other but don’t trade against it. So yes, we moved higher and took pull back for next level. I am expecting a pull back towards internal wave 2 (that is after White wave 2, it will pull back to form wave 2 again. This should have completed today but it did not, meaning we have some room left to cover. Overall trend remains bullish on higher time frames.

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