INDIAVIX about to Break out on the Daily Chart?

INDIAVIX seems ready to break its 8 month range. Rise in VIX is historically bearish for the indices and stock market in general. Could this be a breakout in INDIAVIX accompanied by a fall in Nifty?
Bearish PatternsChart PatternshighvolatilityINDIAVIXTrend Analysis

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