It has been breached on Friday and the prices are now trading slightly above the neckline seen around 17,590.
One may be compelled to think the break has failed since prices are back above neckline...however, note that a larger head and shoulder on daily also showed a break on Friday. Hence, caution is advised.
Failure to sustain above 17,590 followed by a break below 17,538.78 (23.6% of Feb low - Apr high) would add credence to a break from a larger head and shoulder seen on Friday.
Thus, downside stands exposed in this case. Immediate support then is seen at around 17,150 levels.
The view would take a backseat if prices see a daily close above 17,606 today.