Nifty Pharma Index: Head and Shoulder formation

In CNXPHARMA an Head and Shoulder pattern is seen.
The current price of 12775 is the neckline.

Trade:
You can not trade in Nifty Pharma. But you can in PHARMABEES ETF.

Buy (Pharma Index): Above 12835, SL: 12800, T: 12885/12940
Sell (Pharma Index): Below 12800, SL: 12835, T: 12765/12750