@sparkly - I had put out that converging triangle NSE20 chart sometime back showing the bullish break you are stating. Right now I'm viewing the H&S from 2007 climax point. If you compare the triangle with the inverted H&S pattern, both are bullish. The triangle breakout suggests that 6161 (all time high) will be challenged/tested. The H&S gives a better projection picture on the bullish intent which is 8000 level.
Hydrocarbon play as well as minerals offer that long term support platform to see that parabolic push. But short term looks sideways or a correction then that huge push from that discount window.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!