Trend analysis of Nifty 50

Trend analysis of NIFTY 50
The Nifty 50 is currently trading close to the supply line of the downtrend channel. There is a strong chance that the price will be rejected at the supply line and move in the direction of the downtrend, which could result in a bearish movement.

But
If buyers dominate sellers and price break the downtrend channel, and after breakout if price sustain above downtrend channel then we may witness a significant bull run.