NIFTY on 1H TF, A proper base formation

If you observe the NIFTY on 1H TF, it's following a channel from the last couple of days.

If this is taken out with the nearest swing we can expect a good momentum.

(Proper example of base formation)
FlagNIFTYnifty50Parallel ChannelSupport and ResistanceTrend Lineszone

Penafian