NIFTY Channel - Will it break out or down ?

Interesting channel in Nifty 1 hour timeframe.

I think one can take take a position on the break-out or break down! Let me know your thoughts.
BANKNIFTYchannalpatternChart PatternsNIFTYniftychartpatternniftytradesetuppriceactionTrend Analysis

Also on:

Disclaimer