Bollinger band reading : bullish but side way likely.
MACD Histrogram : getting lower, seller adding position.
Support : 1295, 1290, 1286 level.
Resistant : 1300, 1309, upper Bollinger band level.
Comment :
FKLI traded in negative zone today with supporting selling volume ended the day with a doji bar candle. Once tested the low of support level at the daily chart middle Bollinger band followed by positive news from China lead major Asia markets and the FKLI to recovered some of the early morning session losses. Daily chart uptrend trend line remained intact but sellers are likely to take their chances to test the market strength at further lower price level.
When to buy : buy at support or weakness with quick cut loss and profit target.
When to sell : sell at resistant or strength with quick cut loss and profit target.
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