Bullish Gartley in Nifty - 18th sep 09

Update at 3:25 PM:

Booked 50% of the swing holdings here at 4975, as Monday is Holiday.

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Update at 2:42 PM:

Moving stop loss to 4958. as Nifty is moving sideways.

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Update at 2:27 PM:

Bearish ABCD in 1 min is not allowing futures to move above 4974. so moving Sl to 4962 for 50% of holdings

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Nifty Intraday Chart - 5 mins:

Nifty formed a bullish Gartley in 5 min time frame, Long trade is triggered at 4956 with the stop loss below low of the day. Targets are marked on the chart. A descending triangle is also visible on the charts so trade with caution. Can keep trailing stop loss.