Bollinger band reading : neutral downside biased.
MACD Histrogram : turned lower, seller is here.
Support : 1250, 1230, lower Bollinger band level.
Resistant : 1297, 1309 level.
Comment :
FKLI ended the week with a wide range bar black candle with higher volume changed hand, a significant sign of buyer getting out and seller returning to the market. Weekly chart of FKLI has yet to turned bearish with the reading showing a neutral but weakening market. Thus expecting FKLI to trade side way range bound a little downside biased.
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