Both hourly and daily charts may be referred to. Price at breakout vis-à-vis resistance zone and this is crucial. Just as Nifty chart. Hourly chart: price got deviated from the rising channel and now trying to enter into the same.
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.