As shown on Bata india weekly chart, bearish diamond top formation is going on. As its name suggests .. it is bearish pattern. But price can again go up to resistance line ( 1600 ) and again move towards resistance line.
I have observed a nicely formed Diamond pattern which is ripe to give breakout so one put it into their radar and take appropriate action timely. Aggressive trader can short at opening tomorrow as retesting the boarder of the pattern however defensive trader can trade on breakout.