Kotagala Plantations Plc (KOTA) Testing Major SupplyKotagala Plantations PlcCSELK:KOTA.N0000wolfofcseThe weekly chart for Kotagala Plantations Plc shows the price currently trading at 9.9, rallying sharply from a established Demand Zone located between 7.8 and 8.3. This recent bullish momentum has brought the stock directly into a significant Supply Zone spanning the 10.3 to 10.8 range. Historically, this upper zone has acted as a formidable ceiling, causing multiple rejections over the past year. The highlighted note warns: "If the price continues to respect the supply we will see a rejection." This suggests that unless there is a substantial increase in buying volume to facilitate a breakout, the stock may face a short-term pullback or consolidation. A successful daily close above 10.8 would invalidate the bearish thesis, potentially opening the door for a retest of the 12.0 psychological peak seen in late 2025. Summary: Kotagala Plantations is encountering heavy resistance within the 10.3-10.8 supply zone. While the recovery from the 8.0 demand level is strong, traders should monitor for signs of exhaustion or rejection at this current juncture before committing to new long positions.