AEL - 19/50 to 20/= support with Volumes, the LAUNCHING PAD for the next RALLY!!!

A member in my FB group wanted me to post some charts in that group. On the 9th therefore I shared a chart on AEL.N.0000 and in my 1st Target was 21/90, and said that the price above could test 23/50 to 24/=.  The image of that chart is given below.

As you can see the price tested the 22/= area but did not close. It retraced below the 1st support of 20/10, but took support in the area of the 29th and 30th July higher range of 19/60. Thereafter it is now testing to stay above 20/=. A consolidation above 19/50 to 20/= with higher volumes will position itself to pierce above 22/= in the next trend reversal. However a breakdown below 18/30 will be bearish for the present bullish trend. The present chart is given below.