Bollinger band reading : correction range bound upside biased.
MACD Histrogram : reversed lower, buyer reducing exposure.
Support : 1515, 1500, 1485 level.
Resistance : 1530, 1540, 1550 level.
Comment :
Last trading day of the year FKLI ended recorded loss with quiet volume participation as regional market closed mixed .
Daily chart formed a down candle having pullback correction after price touched upper Bollinger band resistant level 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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