Bollinger band reading : correction range bound upside biased.
MACD Histrogram : recovering, buyer has no intention to leave.
Support : 1500, 1485, 1470 level.
Resistant : 1530, 1550, 1580 level.
Comment :
FKLI finally managed to close above 1500 crucial resistant level recorded marginal gain with lesser volume traded. Daily chart formed the fourth doji bar candle traded within the narrowing Bollinger band indicates that market still in consolidation phase and likely stay range bound upside biased.
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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