Bullish Gartley in LITL - 11th sep 09

Update on 14th Sep 09, 4:00 PM:
Stop loss hit for LITL, but exited with 0.62% profit on the trade.

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Update at 1:56 PM:

LITL missed the target with Rs. 1. Booked out 50% at 424 and moving stop loss to Rs.414

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Update at 11.40PM:

Bought it at around 416.4 on avg. Till now it sustained nicely with the bearish Wolfe wave cum ABCD pattren in Nifty.

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LITL Intraday Chart - 5 mins:

LITL formed a Bullish Gartley pattern. Targets are marked on chart. Those who have traded before and want to reenter, with small risk can enter now.( buy in small dips)

Update: Bullish Gartley in LITL - 10th sep 09

LITL Chart - Hourly:

Update on Bullish Gartley in LITL posted earlier, it gave a good break out in intraday, from the resistance. It retraced around 50% of the previous up move and today it blasted with good volumes.

LITL Chart - Daily:

LITL formed a candlestick shooting star in daily charts, and it closed below the resistance line. As I have booked all the profits in this early, depending up on its performance, I would like to re-enter into this if it gives any good opportunity.

Update: Bullish Gartley in LITL - 8th sep 09

Update at 11:50PM:
Stop loss hit and exited at 420. Total 5.5% profit

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Update on Bullish Gartley in LITL, posted earlier. Moving stop loss to 420. It is near to its first target of 428. If it hits will book out 50% and keep stop loss at 420 for remaining swing holdings.

Update: Possible Bullish Gartley in LITL - 7th sep 09

LITL Intraday Chart - 5 mins:

Update on Bullish Gartley in LITL. LITL has formed a bullish wolfe wave in 1 min time frame(not perfect one though). Will book 50% of my swing long holdings if it fails, moving stop loss to 405 level.

Update: Possible Bullish Gartley in LITL - 4th sep 09

LITL Intraday Chart - 5 mins:

Update on Possible Bullish Gartley in LITL, it formed a a Bullish Wolfe Wave in intraday giving an opportunity to enter the trade at 398. It showed good strength later on, above is the 5 min chart of LITL marked with Wolfe Wave and Flag and pole. I couldn't post this live.

Possible Bullish Gartley in LITL - 3rd sep 09

LITL Chart - Hourly:

LITL formed a Possible Bullish Gartley. Point "D" is still underdeveloped, will update it when it triggers as usual.

Success: Bearish Wolfe Wave in LITL

This is in continuation to my earlier post, Bearish Wolfe Wave in LITL. Target for this Bearish Wolfe Wave reached today.

Bearish Wolfe Wave in LITL

Bearish Wolfe Wave in LITL, has very good symmetry and huge volumes at point 5. A big shooting star formed at 5 which is adding more bearishness to the pattern. Short trade already triggered with the stop loss at Rs.359 for the target follow the 1-4 line in aqua.