Weekly chart wise, FKLI still holding itself above the 1256 support level and ended the week still above middle Bollinger band with the band width contracted marginally = market are likely to trade side way range bound with upside biased. MACD Histrogram continue to move downward = buyers are not interested to participate in the market. Looking at the weekly chart, price have started to trade below the plotted upward trend line but is still supported by the horizontal support line. Without any fresh leads and catalyst, market could possible test the middle Bollinger band support level should price break below the horizontal support line.
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