Nifty : possibility of a parallel channel break down

• Nifty is trading in upward trending parallel channel for last 2 months.
• Multiple datapoint has confirmed the parallel channel.
• Nifty recently formed a M pattern and a lower low in 1 D time frame.
• Daily close is near to bottom of the channel.
• Closing below 25100 will confirm the channel break.
• Possible target is 24164 which will feel the downside gap.
• Wait and watch to catch the big fish.
• Happy trading!!!