Nifty 50 index has breakout happened in the technical chart. Which is travelling at a parallel channel pattern. Now some up rally movement possible to achieve 17600 points. We've shown trend line breakout were happened in this chart and retracement will happen to achieve my target of 17600.
The total trend had travel at the inside of a parellel pattern. meanwhile the downward trendline breakout were happened and correction is occured. it is a indication of positive sign to take a long position.