Is the NIFTY bounce back likely to run out of steam?

After losing around 1000 points over 7-8 weeks between end-Sep and second half of Nov, NIFTY has since risen and now been facing some resistance having bounced back to cover 50% of the decline. I am of the view that the markets have some more way to go up and will be tested at around 25100-25200 levels. At that stage, the markets will likely commence the next leg of decline. Alternately, if markets break the resistance at 25200 strongly, then it confirms next bull run. I am inclined towards the former outcome at this point in time and believe the correction is not done yet. We should know the truth in the coming days. [NIFTY daily chart since mid-2024](https://preview.redd.it/hw4v0vegj47e1.png?width=1507&format=png&auto=webp&s=994d6da46f320069cacbe129b6a1e91935d31288)