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.