FKLI traded 1 point lower to close at 1259 with lower volume changed hand. Today's daily candle tested the middle Bollinger band but still closed below it with the band width contracting = strength of market to climb upward remained weak with side way range bound downside biased. MACD Histrogram stayed flat = both buyer and seller still testing the market cautiously. Market seems trading within a ready to break out triangle with support stands at 1251 level and resistant rest at upper downwars triangle line. Expecting market to trade side way range bound with some downside biased.
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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