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AEL Prediction (2024 Dec 11) - Retracement Not a BHS recommendation. Just Sharing my idea. CSELK:AEL.N0000 - The overall trend is uptrend. TimeFrame - Daily Higher High is formed @31.80 and Retracement is already happening Possible reversal @29.80 (From the highlighted green box) Confirmations for the reversal - Fibonacci levels (0.66 and 0.618) The Previous Up-Trend Resistance has now become a Resistance Hidden Regular Divergence is possible which is a Trend Continuation Divergence Expecting Reach the Price to 35 which is a Weekly Resistance
CSELK:AEL.N0000
by chathurashan89
AEL.N Prediction (2024 Dec 04)Not a BHS recommendation. Just Sharing my idea. CSELK:AEL.N0000 - The overall trend is uptrend. TimeFrame - Daily Confirmations for a pullback: The Up Trend Resistance Line is touching the wick. In previous instances, when the trendline touched the wicks, the price respected and reacted to the line. There is a daily resistance at 29 Possibility of forming a Regular Bearish Divergence, Hence price drop. What could be the next level to be bounced back? There are a few confirmations. There is an RBR Demand Zone between 27.1 and 27.4 When using the Fibonacci Retracement tool assuming the new HH is on 29, the 0.5 level aligned with the 27.4 price level. There is a daily resistance at 27.5 Therefore, I expect the price to come down to 27.4 and bounce back to make a new Higher-High (HH) continuing the uptrend. The P/B value is below 1 which means still it is an undervalued counter. StopLoss would be just below the demand zone (26.90) Let's see to what extent this prediction works.
CSELK:AEL.N0000Long
by chathurashan89
AEL.N Prediction (2024 June 27)**Not a BHS recommendation. Just sharing my idea. AEL.N - The overall trend is uptrend . In the daily chart, it is creating a correction wave and as indicated in the chart a possible higher low (in the chart it should be corrected as Possible HL) has already been made at 22.9. This is confirmed by both the trendline and Fibonacci retracement tool (0.886 level). Currently, the market is at 23.9. There is a possibility of moving upwards with the support of the trendline and fib level (0.618) which becomes a support level. There is weekly resistance as indicated in the red rectangle and daily resistance at 25. If both resistances are broken in the next few days, there is a possibility of creating a new higher high at 29.1 which is confirmed using the Fibonacci Extension Tool.
CSELK:AEL.N0000Long
by chathurashan89