Head & Shoulders pattern forming on 3H Chart of KOTAK BANK. SELL below 1720-25, SL 1785.10, Target(s) - 1700, 1675, 1650, 1610-1600. I'm learning chart patterns as of now. You can plan your trades accordingly if you know how to trade these patterns.
how did you consider this as head and shoulders patter. in this pattern left shoulder high should not broken by right shoulder. but in this case high has been broken so it can't be considered as head and shoulders pattern. there is a channel Pattern in 1day chart .
c0dchef
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@premdancharan, From what I've seen & observed till now, it is okay if the shoulders are off by a couple of points. It does not change the chart structure in a significant way.
there is a channel Pattern in 1day chart .