Nifty Heading Bottom of the Channel

4 days ago

Nifty on Daily charts have taken support at the white trendline trice from June24. The upward trendline is the most important hurdle and have failed. If the current white trendline is broken then Nifty can head towards 22700 zone first which the green trendline. Nifty tends to be moving in this channel for quite some time and if things go smoothly we can see the retest of the lower green trendline. If that is taken then we can see the gap area to be filled.

Lets wait for the white trendline to be broken. Then the Green trendline.
View nullified above consecutive close above 25350.
The below Pink rectangle area is the gap area.(20600-300)apprx.

thanks for reading.
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