Bollinger band reading : correction range bound upside biased.
MACD Histrogram : buyer taking exposure cautiously.
Support : 1500, 1485, 1470 level.
Resistant : 1530, 1550, 1580 level.
Comment :
FKLI having pullback correction recorded loss with higher volume changed hand due to last minute cash market selldown while major regional market traded mixed.
Daily chart formed a down doji bar candle correcting downward from the upper Bollinger band level while the bandwidth expanding mildly with the reading suggesting a correction range bound upside biased market development.
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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