In support of bearish bull view, i am updating this weekly chart with negative divergence on rsi while price was making higher high. May pull back to the level 521 and then to 514
Comments
nalinakshi
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still it is not a total confirmation, but it shows trend is weekening. Usaually price moves in 3 waves. i f you see above chart it moved in 3 waves, now it is time for to frefresh, so you may see side ways movemnt for sometime before it takes direction, it may take the original trend of the previous move or it may move toward better price/ earning movemnt.