for sensex, the support is near 14100 for this month and 14600 for next month on the trendline(its not a channel).both the charts are on log scale.
for nifty, the support is near 4100 this month and 4200 next month on the lower trendline.
just add one more vertical line for the december month in the sensex monthly chart above and hurray the upper tgt for 2007 comes exactly as 20000!!!
hence, i have drawn the above chart and trendlines correctly.
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