RECL ; Completed 2nd Target.
In continuation to previous analyis, Recl had completed its 1.382 retracement and is consoladiting here. Booking another 25% profit is good idea. From chart it is seen that RECL had taken resistance at 147 ie 1.272 Fibonacci level. As soon as it was taken out RECL in 3 days reached 1.382 ie 157Rs. It can be seen from chart that RECL could consolidate b/w 147 and 157 before reaching 172 which is 1.672 Fibonacci extention level.
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