Asian Paints looks bearish

Observing a H&S pattern; It has broken the neck line. Price to go down near 1600 and below it. If it gaps dwn more downside towards 1580.
Option change looks very bearish as lot of short positions has been built today.
View negated above 1631 closing.
*This chart is only for educational purpose.
Chart PatternseducationalTrend Analysis

Penafian