FKLI closed : 1522.5 changed : -6 points, volume : lower.
Bollinger band reading : side way range bound.
MACD Histrogram : turned downwards, seller still holding on.
Support : 1515, 1500, 1485, 1470 level.
Resistance : 1530, 1540, 1550, 1565 level.
Comment :
FKLI closed recorded loss with quiet volume changed hand doing almost par to cash market that closed recorded small loss while regional markets mostly closed for Good Friday holiday.
Daily chart formed a down bar candle closed lower from middle Bollinger band level after market opened little higher and slide downwards to closed near the low of the day.
Chart reading remained suggesting a side way range bound market development but possibly testing lower support level this time.
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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