Bollinger band reading : side way range bound.
MACD Histrogram : turned lower, seller show some interest taking small exposure testing market.
Support : 1485, 1470, 1458 level.
Resistance : 1500, 1530, 1550 level.
Comment :
FKLI closed recorded decline for the 5th consecutive day with little improved volume traded while Asia major market ended mixed.
Daily chart formed a down doji bar candle after market opened gap and traded lower and recovered slightly. Reading wise, market is likely to trade side way range bound for the near term testing underlying market strength.
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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