Bollinger band reading : bullish with correction.
MACD Histrogram : turned lower, buyer taking profit.
Support : 1315, 1307, 1300 level.
Resistant : 1325, 1335, 1345 level.
Comment :
19 points range market FKLI hit new high and followed by profit taking gave back all yesterday gained to closed near the low. Daily chart suggesting a bullish market with pullback and correction taking place and expect market to trade side way range bound upside biased with a lot of testing effort at support levels.
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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