Kotak Mahindra Bank - Head & Shoulders Neckline Breakdown

Kotak Mahindra - Daily
Chart Pattern - Head & Shoulders
Neckline breakdown

Lower bollinger band is challenged and the price candle is extending below it
MACD below the zero line of the histogram
Solid red bars below the zero line in the histogram
RSI is below 40 and in oversold zone
Stochastic is in negative crossover state
ADX is above 15 with -DI > +DI
5 EMA < 13 EMA

Even the weekly chart has indicators and oscillators indicating price is poised to go down


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