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Bank Nifty is showing negative divergence after a 1200 points rally,break of 10000 which is trendline support is important for divergence to show effect.
REC was covered here after the triangle breakout and stock has rallied almost 12% from 160 odd levels. Now stock is at its crucial juncture of 181-182 resistance. Failing to cross the same will lead the stock back to 175-170 odd range.