Despite having breached breached a smaller rising trend line, it is too early to call bullish invalidation, given that a larger trend line support around 6925 is still intact.
Only a daily close below 6925 would mean a short-term top has been made and the index could revisit 6600 area in the near future.
On the other hand, a rebound from 6925 followed by a break above 7000 levels would signal a revisit to record highs.
Only a daily close below 6925 would mean a short-term top has been made and the index could revisit 6600 area in the near future.
On the other hand, a rebound from 6925 followed by a break above 7000 levels would signal a revisit to record highs.
