Bollinger band reading : side way upside biased.
MACD Histrogram : recovered slightly, buyer staying.
Support : 1270, 1250, 1230 level.
Resistant : 1300, 1310, 1350 level.
Comment :
FKLI ended the week lower doing a downward correction pullback after last week overdone climatic upward surge with weaker volume participation. Weekly chart technical outlook suggesting market to trade side way range bound correction but remained upside biased as the underlying trend on the weekly basis is still up.
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