Down Trend start, Next Target is the Channel Bottom.

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.