Nifty 50: What is Happening?

NSE:NIFTY   Nifty 50 Index
My thoughts are annotated in the chart
Comment: As highlighted in the chart above, price has gotten into a trading range. A breakout from the range will help us calculate potential targets for the breakout move. As of now, the bias is for an upside breakout as the prior trend is bullish. BUT.......

Why I have left it open-ended? Let's see if one amongst you can second guess why !!