Having reliably predicted a breakout (October 2013 ) and breakdown (March 2015) on the earlier two occasions, the trigger line on TTO has once again positioned itself for a breakout as it attempts to cross the zero line.
A crossover would indicate a change in the long term trend on Nifty monthly charts which would coincide with wave 5 with higher targets in 2016.
The next few days would be critical to decide the further trend of Nifty.