A head and shoulders pattern has been observed in the charts of Unichem lab during the period of nov 2017 to march 2018. To confirm this Three conditions has been tested 1) The duration of the formation is greater than 3 months, 2) The volume is high in the left shoulder, 3) The volume during the right shoulder is lower.
This satisfies the conditions for the Head & Shoulders, Therefore short positions can be taken below the mentioned neck line. The market is expected to go down.