Trend is up for the short & intermediate term.
Short term trend channel where applied and indicates that the index value reaches/touches the upper boundary (resistance line) of the channel & started declining from there.
reliable indicators show an extremely overbought condition on longer term approach (weakness signals).
Resistance levels at 1775.63 , 1788.91 , 1827.29 , 1888.59
Index value need to breakthrough the resistance level "1827.29" upwards to continue the uptrend.
But if the index value breakthrough the upper boundary of the channel upwards; it will be an exhaustion phase "also called the melting up phase (as a comparison; imagine a rocket fuses during its rise !!).
Support levels at 1723.47 , 1630.17 , 1543.45
First weakness signal if value breakthrough the lower boundary (trend line) downwards.
Downtrend will be confirmed if value breakthrough the support level "1543.45" downwards.