Bollinger band reading : side way range bound little downside biased.
MACD Histrogram : recovering, seller reducing position.
Support : 1515, 1500, 1485 level.
Resistance : 1530, 1540, 1550 level.
Comment :
FKLI closed recorded gains with improving volume participation doing nearly 4 points discount compare to cash market while regional market closed mixed.
Daily chart formed an up doji bar candle with long lower shadow after market opened gap down, tested lower and recovered upward to closed little above middle Bollinger band level. Technical reading wise, market is likely to trade side way range range bound little downside biased.
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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