Bollinger band reading : side way bearish biased.
MACD Histrogram : improving, short covering with buyer appetite improved.
Support : 1260, 1250, 1235 level.
Resistant : 1270, 1278, 1290 level.
Comment :
FKLI ended the day higher but closed 22 points off the high of the day forming a shooting star candle. Despite today severe upward surge movement, daily chart technical reading has yet to change and remained bearish biased with side way range bound movement likely.
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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