Bollinger band reading : upside biased.
MACD Histrogram : recovering, buyer insist to stay.
Support : 1485, 1470, 1458 level.
Resistant : 1500, 1530, 1550 level.
Comment :
Hit new high market FKLI closed unchanged after market opened and traded higher follow by profit taking activities triggered market to surrender a gain of the day with lesser volume transaction changed hand. Daily chart from a down doji bar candle with the high touched upper Bollinger band level and corrected downward. Reading wise, market still likely to trade upside biased with possible pullback correction to continue.
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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