Bollinger band reading : side way range bound upside biased.
MACD Histrogram : rising, buyer still holding on.
Support : 1515, 1500, 1485 level.
Resistance : 1530, 1550, 1580 level.
Comment :
Holiday mood FKLI traded quietly closed 1 tick lower with much lower volume changed hand as most regional markets closed recorded small loss.
Daily chart formed the 3rd doji bar candle with longer lower shadow after market tested below 1515 support level and recovered while the Bollinger band stop turning inwards suggesting a side way 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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