Adithya since you don't have overblown highlights in a big way, I feel the true color would bring the mood across nicely,On my monitor I see a b/w with a big magenta tint.

Thanks for your inputs VMR..i do have an image of the same tree in color.. which i plan to post in the coming days as a part of the same series..Kindly look forward for that and let me know your thoughts...
On the Magenta tint - The toning was intentional to emphasize the feeling of distraught...