as we can see it started making ab=cd pattern when bounced from point c. Now cd leg is in progress but nifty fell in this leg then we can see rising channel and nifty is respecting it well. Now if nifty gaps down and reverses and makes hammer candle and enters lower channel line then we can see upside till upper channel line then after breakout of channel we can see finale at point d which is 18745 and IF it does not recover from lower line it may fill gap sell side as shown with arrow. trade at your own risk
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