Kotak bank has formed a Head and Shoulder pattern. The neckline is shown
using a rectangle tool. Price may go decisively down, if breakdown occurs.
I don't know what would be the trigger but what I feel that a value area
may come around 1450-1480.
Please do you own analysis before going for trade or investment. I bring
it as I seen this pattern.
Disclaimer: I do not own this stock in any form and not have any short position.
Regards
using a rectangle tool. Price may go decisively down, if breakdown occurs.
I don't know what would be the trigger but what I feel that a value area
may come around 1450-1480.
Please do you own analysis before going for trade or investment. I bring
it as I seen this pattern.
Disclaimer: I do not own this stock in any form and not have any short position.
Regards