THOUGH PHARMA SECTOR ARE NEWS DRIVEN IN CURRENT MARKET BUT STILL I THINK WE CAN GO SHORT IN SUNPHARMA ARUD 460 LEVELS WITH CALL HEDGING (BUY 460 CALL TOO) STOP LOSS MIGHT NOT WORK IN THE CURRENT VOLATILE MARKETS
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yeste. i took a short position in sunpharma @469 and bought 470 call at 29
1) sunpharma made 474 high ( exactly in the upper range of our resistance zone shown in above chart)
2) sunpharma closes at 454 ( exactly below the lower range of the resistance zone)
3)a big doji candle has been formed that is a strong reversal pattern in the price