NIFTY at important support, can we expect REVERSAL from here..?

As we can see it is now trading around important trendline support which has been tested more than 4 times as of now, also we can see 17400-17500 has been acting as important support previously being a psychological level hence if sustained above 17400-17500 levels, we can see a recovery from here else we can see a starting of new downtrend if sustained below these levels so keep watching everyone