PAEL | Flag PatternThe stock displays a bullish flag pattern on strong volume, trading confidently above both the 20 and 200-day EMAs, suggesting robust upward momentum. Previous session shows a break out of the flag and price closed +3% above it. Initial resistance lies around 46 which is the formation of double top pattern from where short term rejection can be seen. However, a decisive break above the resistance level will confirm the continuation of the bullish trend and flag projection lies around 55.