Rebound Insight
Our Pivot: 35.30
Our Preference: Start buying AICL above 39.80 and average it out till 38.00 with strict stop loss of 35.30 and profit target at 45.20 with extension towards 47.10.
Alternate Scenario: Downward penetration of 35.30 will call for 31.80.
NOTE: AICL is moving in a bullish price channel and right now have completed 50% correction of its last bullish rally.
Chart with supports & resistances:
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