Now if you draw trend line by joining 21st November and 5 dec low , today's fall would be break .(Also its below the inner bar of 13 dec), Which gives target around 7850.
Lets see what will work , My view the second will work b'cas its basis is daily chart which will override any hourly chart.
On nifty Hourly chart draw a trendline joining 21st november and 24 november low,you will get 15 december candles well within this trend line.(Refer Nifty post by Abhishek Singh CMT , i have mentioned it )
Now on Daily chart if you draw trend line by joining 21st November and 5 dec low , 15 dec candle will break trendline.
Thanks for asking your doubt ,Got something on trendline.
Keep on posting .
Yeah exactly maybe he doesn't like sharing.