Nifty IT (1D) – Horizontal breakout (up side): broke outNifty IT IndexNSE:CNXITdgupta88A horizontal breakout on Nifty IT's daily closes, picked out by a pattern finder. It is a shape on the chart, not a measured edge. The picture so far The shape: A flat ceiling the line has turned down from at least twice. The close goes above it, comes back to it, and may clear the high it made after the break. The down side is the same rule under a floor. It runs from 16 Apr 2026 to 11 Aug 2026; the finder saw it on 7 Sep 2026. A daily close above the ceiling on 16 Oct 2026. The newest closed candle (26 Oct 2026) is above the ceiling. What to keep track of Whether the next daily closes stay above the ceiling. A close back below it, inside the pattern. Our view The daily close above the ceiling has come. It counts while the next closes stay above it; a close back below it would make it a false break. Our view is an opinion on the chart, not a recommendation. For study only. Not investment advice. The author is not SEBI registered.