Bollinger band reading : correction range bound upside biased.
MACD Histrogram : weakening, buyer taking profit and reducing exposure.
Support : 1570, 1560, 1550 level.
Resistance : 1580, 1590, 1600 level.
Comment :
FKLI ended marginally lower recorded small loss with weakening volume changed hand while regional market ended mostly higher.
Daily chart formed a small body down doji bar candle after market traded range bound with the reading remained suggesting a correction 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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