NSE:NIFTY   Nifty 50 Index
Nifty Daily TF, In my view if it breaks the blue immediate TL, we are bullish. Else we can see a Breakdown inside the channel pattern.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.