As you see in this chart, later this year also. nifty forms the same pattern i.e., travelling in a parallel channel. Once the channel broke,the price touches a new high.
Same way, if it broke the channel we may expect a further up move or else the price may travel towards the lower end of the channel.
Same way, if it broke the channel we may expect a further up move or else the price may travel towards the lower end of the channel.