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

Indice NIFTY 50 (NSE:NIFTY)  
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NSE:NIFTY   Indice NIFTY 50
Support and Resistance Trend Lines Multiple Time Frame Analysis
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supportandresistance trendline mtfa
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
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