GOLD is trading below demand zone which will act as a supply zone now Can initiate short in 48850-49000 or below 48500 With stoploss above 49550 target 47600 & 45600 Minimum R:R is 1:3 & Max R:R 1:7
JKTyre supply & Demand analysis The stock has come out of supply zone from last two years & breakout from a head & shoulder pattern The volume is much more than average around highest in last 5 years. The target comes around 110 by previous resistance zones & 145 by the height of the pattern. Stop should be below 84 i think.