If you look at IDBI Bank it has
been in a seviour downtrend for past 5 to 6 days and currently for past 4 days it
has settled down around 50 to 55 with decent amount of volumes. During January 30 and
31 it formed a hammer with a confirmation.
The RSI looks very promising
and it is showing strength.
Stochastic is also not in a oversold territory which add more confidence.
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