1. Price was following a from December 2015 till price broke down in Sep 2018 as indicated on chart.
2. During rise in price (MARCH 2018 to AUGUST 2018), it can be seen that it failed to go up and test upper end of the channel which indicated loss of momentum.
3. Strong support @ 23650 has been marked on the chart.
4. kicker has been formed in OCT 2018 and price has shown reversal from level as shown on the chart.
5. New probable channel has been drawn which price is likely to follow (Marked on chart).
6. is in oversold area and has indicated crossover.
7. However, it is likely to face stiff resistance to enter the previous channel.
In view of above, immediate target can be considered at 26,600 which is middle of probable channel shown on the chart.