Dabur – Head and Shoulder Pattern

In this Dabur line chart, it has been seen that a Head & Shoulder  pattern is observed with  the Head (middle top) is the highest price at this time. The volume is high in the left shoulder which implies the strengthen the buyers.  The volume is low in the right shoulder which implies  the strengthen the sellers. Hence the Head & Shoulder is confirmed and price is expected to fall further.  Therefore it it recommended to create a Short Position.