Bollinger band reading : bearish side way.
MACD Histrogram : reversed upward, seller closing partial position.
Support : 1260, 1250 level.
Resistant : 1270, 1276 level.
Comment :
FKLI traded higher in a side way range bound market today with some test attempted to break the 1270 resistant level but the lack of buying interest among buyer tampered the upward movement momentum lead FKLI to closed the day with a classic cross doji bar candle. Overall daily chart still look bearish with temporary upward pullback correction taking place thus expecting market to trade side way range bound 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 larger cut loss and profit target
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