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JAIPRAKASH ASSOCIA, ADANI PORTS AND SPECIAL ECONOM, RELIANCE COMM LTD, ICICI BANK, IDFC BANK LTD, FIRSTSOURCE SOLUTI
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Divergence on RSI and breakout on 1H chart, Very high reward/Risk trade..
IDFC bank formed a double bottom with positive RSI divergence . It then broke out of the double bottom and retested the neckline back yesterday
It has been observed that the price action trading in a range for a while and now it has again reached to the bottom of range where a revival is expected. Once closes above 56 levels then it shall further rally up.