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2 Tangent Punch

Inside the Punch Tab, navigate to the 2 Tangent Punch icon.
This command is used to place a tool so that it is tangential to any two linear segments in the drawing. If an indexing tool is used, it is automatically rotated to fit best into the notch created by the 2 segments.
On starting this command, the Tools mounted in the turret window appear, and you can pick the tool to use.

Click on the first tangent line to punch, followed by the second. The punch tool will be placed appropriately based on the area selected.