Bollinger band reading : side way range bound.
MACD Histrogram : getting lower, seller taking small exposure as buyer playing defending.
Support : 1445, 1425, 1405 level.
Resistant : 1458, 1470, 1500 level.
Comment :
FKLI ended unchanged after opened little higher and tested lower support level but buyer came in to support the market lifted price to recovered. Daily chart formed a long lower shadow doji bar candle after price break below and closed right at the middle Bollinger band support level. Outlook switch into a side way range bound market reading testing support and resistant 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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