Bollinger band reading : bearish with oversold.
MACD Histrogram : dived deeper, seller still in charge.
Support : 1253, 1230 level.
Resistant : 1261, 1267, 1274, 1280 level.
Comment :
FKLI oversold condition triggered last hourly bargain hunting pulled market upward to recovered closed almost at the high of today's range forming a doji bar candle. Daily chart wise, market still remained bearish biased with possible pullback correction or side way range bound market.
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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