The chart displays the weekly price action of the Nifty 50 Index

The chart displays the weekly price action of the Nifty 50 Index, with a strong upward trendline drawn from March 2020 lows to the present. This trendline acts as a key support level, and the index is currently testing this support. A break below the trendline could signal a bearish shift, while a bounce may suggest a continuation of the long-term uptrend.