Bollinger band reading : correction range bound downside biased.
MACD Histrogram : recovering, seller taking profit.
Support : 1500, 1485, 1470 level.
Resistance : 1515, 1530, 1540 level.
Comment :
Range bound FKLI closed recorded small decline lesser and lesser volume traded doing 6 points discount compare to cash market despite regional market closed mostly higher.
Daily chart formed a small down bar candle after market opened gap up traded range bound followed by last minutes sell down to closed near the low of the day with the reading remained suggesting a correction range bound downside 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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