Upside Prevails
Our Pivot: 47.50
Our Preference: Start buying AICL from current price and average it out till 50 with strict stop loss of 47.50 and profit target at 56.71 and 58.33.
Alternate Scenario: Downward penetration of 47.50 will call for 44.75.
NOTE: AICL is moving in a downward price channel and right now its moving back after getting support from supportive trend line of said channel, along with a strong horizontal support. Weekly stochastic and RSI are also in bullish mode.
Recommendations: Start buying from current price and average it out till 50 with target at 56.71.
Weekly Chart with Supports and Resistances:
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