It was on the 8th we saw that all conditions were met to initiate a Buy based on the M-REV Strategy on AEL. 6 market days thereafter, as of today the 16th of June we can see the prices are consolidating within a bullish flag formation. We need to see the prices moving above the upper trend line of the Flag-Channel, to expect the prices to test 19/50 or even 20/=. A Sell will be initiated only when the conditions are met to Sell. In this Strategy we do not plan for a stop price as the Take Profit and Stop Price both will be made based on the said Sell Conditions. In terms of Price action the present support is at 16/=, and another strong support is at 15/=. Whoever wants to take a trade other than this strategy can place stop loss levels at those prices.
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