Sorry for chipping in.
Two points :
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RSI divergences on daily charts can give small movement- and once the price comes to starting point of divergence ,it would again start following the main trend.For little larger movements of price, one should focus on divergences on weekly charts.
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Never use any singal indicator in isolation.It should always be combined with few more indicators.For example. there are huge Moving Averages resistances on Borosil chart posted by you .More the overhead-resistances , lower level -supports, more difficult for the price to move in that direction.
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