Bollinger band reading : upside biased.
MACD Histrogram : turned downward, buyer taking profit.
Support : 1500, 1485, 1470 level.
Resistant : 1530, 1550, 1580 level.
Comment :
Hit new high FKLI eased lower having pullback correction with improving volume changed hand after four consecutive days of gained recorded. Daily chart formed a doji bar candle closed just below the upper Bollinger band level with the reading suggesting correction range bound upside biased market.
When to buy : buy at support or weakness with larger cut loss and profit target.
When to sell : sell at resistant or strength with quick cut loss and profit target.
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