From the chart, it is seen that after a short non-trending area, a bearish breakout appears with high volume. Even after the breakout, the Bears continue to dominate and forces the price movement to create a gap in the trending area which implies the Runaway of Buyers. This gap is not supposed to get filled in the near term and the price is expected to go further below. Therefore, it is recommended to create a Short position.
Aggressive Bears thwacked SunPharma
