Bollinger band reading : side way range bound.
MACD Histrogram : turned upwards, seller still holding on.
Support : 1515, 1500, 1485, 1470 level.
Resistance : 1530, 1540, 1550, 1565 level.
Comment :
Boring FKLI closed recorded small gain with little higher but relatively low volume changed hand doing almost par to cash market that closed recorded marginal gain while regional markets traded mixed due to lack of fresh catalyst and some market closed for Easter holiday.
Daily chart formed a doji bar candle closed position below middle Bollinger band level after market opened little higher, tested higher resistance level and slide downwards before recovered slightly to closed near opening price.
Chart reading still call for 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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