FCPO closed : 2517, changed : +19 points, volume : lower.
Bollinger band reading : side way range bound.
MACD Histrogram : recovering, buyer strength increased.
Support : 2500, 2450, 2400 level.
Resistant : 2540, 2600, 2650 level.
Comment :
Week on week marginal gain FCPO traded in lesser volume as market opened and tested higher and also tested lower below middle Bollinger band support level but still manage to recover and closed at higher ground formed a long lower shadows doji bar candle. Weekly chart wise, overall outlook remained unchanged with a side way range bound market development.
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