nifty at upper level of channel.
we can expect a correction from 11000-11050 level..
further sustaining above channel after breaking out can take nifty all the way to 12000 levels which is a trend line resistance drawing last 2 peaks bubble peaks.
There is a common misconception that Technical Analysis can be applied on the short-term. If you want to capture long-term trends you just need to look at weekly, monthly & yearly charts. You will be surprised how charts become more clear in the long-term.
in this monthly charts its shown clearly