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RECL DMI IN STRONG MOVEMENTUM
Recl after spending 3 days at 1.272 Fibonacci level where 25 Pc profit was booked , moving to fibonacci level of 1.382. Quick move feom 1.272 to 1.382 sbows strong under current in stock, which is measured by DMI. DmI had just moved above 20 on monthly chart. DmI above 20 shows that stock had gain movemtum , it can concure 172 or 1.618 fibonacci levels sooner but not latter
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