Breakout retest and Bullish RSI Divergence

Indiabulls Housing Finance is showing a Breakout retest after showing a Bullish RSI Divergence on the Daily timeframe. Hilega-Milega is positive and RS 55 is bullish as well. Stock is near the high of the previous day after range contraction for 2 days continuously.

Note

CMP 150.10

Note

CMP 157.5

Trade closed: stop reached

Trailing SL hit at 154

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