FKLI closed : 1297.5, changed : +0.5 point, volume : Lower.
Bollinger band reading : still bullish.
MACD Histrogram : nearly unchanged, buyer and seller battle to continue tomorrow.
Support : 1290, 1286, 1280 level.
Resistant : 1300, 1309 level.
Comment :
The 2nd doji bar candle for FKLI shows that buyer is still defending the market well while seller strugelling to take charge of the market at the crucial resistant level(the 1300 level, tested for the 4th day). Daily chart wise, expecting market to go side way range bound upside biased as the uptrend remained intact.
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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