FKLI closed : 1424, changed : +10 points, volume : lower.
Bollinger band reading : upside biased.
MACD Histrogram : rising higher, buyer riding the bull.
Support : 1405, 1395, 1385 level.
Resistant : 1425, 1445, 1470 level.
Comment :
FKLI rise for the 3rd consecutive day with lesser volume traded break new high again after touched resistant level and closed little below it. Another wide range up bar candle formed on daily chart along with the turning upward upper Bollinger band. Reading remained unchanged with an upside biased market development.
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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