It has been observed on NIFTY IT CNXIT weekly chart that a rising trend line has been acting as good support and resistance on several occasions.
PS: Request you to use this trend line setup as a supplement to your analysis before taking any position.
Thanks,
tRex
Jurassic Park
Nifty IT index (CNXIT) channel study on weekly chart
Nifty IT index is currently finding resistance at the channel median line. Once broken it could move towards the channel top.