The Bearish Engulfer
FKLI June formed a Bearish Engulfer with yesterday close @1272.5.Ironically it opened above low and turned green
This could be a bear trap
For FKLI to make further progress, the prices must close above the RED BEAR opening of yesterda.Otherwise it will happen like previous day where a selldown will occur as the lack of buying volume hinder any upside
CAVEAT EMPTOR!
Sell AT Resistance
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