The retreat from the high of 7055.2 has established a falling trend line as seen on the 4-hr chart and amid the bearish 5-DMA and 10-DMA crossover could yield a re-test of the rising trend line support seen today at 6953. A daily close below the same would mean the recent record high is unlikely to be challenged in the short-run.
On the higher side, only a breach of the falling trend line on 4-hr chart would open doors for a revisit to record high of 7129.8.
On the higher side, only a breach of the falling trend line on 4-hr chart would open doors for a revisit to record high of 7129.8.
