Bollinger band reading : side way range bound upside biased.
MACD Histrogram : fall lower, seller taking chances.
Support : 1330, 1325, 1318 level.
Resistant : 1337, 1345, 1350 level.
Comment :
12 points lower FKLI closed near the low of the day with better volume changed hand. Daily chart outlook suggesting a consolidation side way range bound market with still upside movement biased. However, trader should look out for the market consolidation that is currently near a crucial trend line support 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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