Pure Price Action ( act bull if 50% fibo is respected again)

Banknifty is in channel pattern from 5th feb and now a trendline is broken with good volume on friday, got a rejection from channel resistance but took a good bounce back from 50% fibo, daily candle of friday is also bull with good RSI value, good for a bull trade but if didnt support 50% fibo then good for bear till support line of channel pattern