Bollinger band reading : side way range bound.
MACD Histrogram : reversed lower, seller testing the market strength.
Support : 1337, 1330, 1325 level.
Resistant : 1345, 1350, 1360 level.
Comment :
Improved volume FKLI closed right at the low of the day after tested another new high forming a bearish engulfing classic candlestick pattern. Daily chart wise, market is near middle Bollinger band support level and suggesting a side way range bound market for the near term.
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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