Aurobindo pharma clearly broke the head and shoulders pattern.
You can short on retesting of the neck line with stoploss above the right shoulder.
Blue line is target.
Your humble trader
commodities one after other started their bull market.
first and foremost it is gold, commodity king give the brake out, now it making all time highs.
then silver, natural gas, crude oil, zinc, aluminium you name it all are making higher highs.
these bull markets started with supply disruptions because of lockdowns.
but this will further spiral up side...
nifty pharma as sector is defence sector. but it reaching major yearly resistance. if it break then we will have strong breakout.
because of pandemic, almost all businesses are dead except IT.
so looking for short in stock selective fashion....