KOTAKBANK--H & S pattern??Observations::
Left Shoulder: @1980
Head @ 2060
Right Shoulder :: if forms @ 1980
we have a strong neckline @1860, which will push the price up to right shoulder again..
if price breaks the neckline will observe a retracement to neckline or 1900 zone,
then look for sell until the bullish gap finished on bottom side @ 1780-1770 levels.
Kotakbankprediction
KOTAKBANK--1980 Or 1870.Observations::
----->> The stock is facing resistance multiple times from the resistance zone @1980.
It is broken the trendline and retested the supply zone and waiting for breakout ot breakdown.
if it wants to test the Supply one more time or breakout above the resistance @1980.
Dont forget the demand zone, it will acts as a support.
And this will take the price towards resistance @ 1980 zone.Keep an eye @ this place.
we have a strong demand zone @1870 level, if this breaks we have a bullish gap @ 1760 level.