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  • Writer's pictureEkat

Nifty50 Stock Price Analysis for 29th December 2023

I posted this blog post late, perhaps because I am traveling and little busy with living a beautiful life.

Here we have the chart of Nifty50 with fresh outlook, a buy zone created but now entering last leg of this tremendous Wave 3.

Nifty50



The small drop that we experienced today is again internal wave 4 of this wave 3 marked in green. We still have some room to cover and this should go till Orange Line which is a monthly FBO target drawn long time back even in previous blog posts.

If you look at mitigating risk of trading you can follow the pattern with Heikinashi Candles, and move slowly towards the target.

Next green candle should take the prices higher. Stop loss line is also marked.

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