Bollinger band reading : side way range bound.
MACD Histrogram : rising, buyer taking small exposure.
Support : 1515, 1500, 1485 level.
Resistance : 1530, 1540, 1550, 1580 level.
Comment :
FKLI closed recorded small loss with slow volume transacted doing 4 points premium compare to cash market while regional market ended mixed ans last Friday US market closed lower.
Daily chart formed an up doji bar candle with long lower shadow after market opened gap down, tested lower followed by last half and hour buyer push to recovered all earlier loss to closed unchanged positioned in between middle and upper Bollinger band level with the bandwidth turning inwards.
Daily chart reading still suggesting a side way range bound market development testing support and resistance level.
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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