Chỉ số Nifty 50
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Down Trend start, Next Target is the Channel Bottom.

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Nifty 50 coming down side, because Trendline breakout is the one of the Confirmation and also did not closing above the Channel Pattern.

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NIfty50 Reached Target 1 is 0.5 Fibonacci Retracement. Refer below image.
So it may correction for Down Trend. Hereafter, continue to Down Trend.
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2nd Target Channel Bottom Reached. Refer this image.
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3rd Target 1.2 Fibonacci Level Reached. Refer this image.
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