Trading with Median lines is a system and a leading indicator suitable for Swing trading.I am following this strategy for Nifty and Bank Nifty with good results.Those interested to trade with Charts and Price action to analyse target price, support and resistance levels will find this strategy very interesting.

Feedback welcome!Happy trading...

Thursday, February 24, 2011


The market wanted to go down!!
Breakdown at 5-20 ema and 50 sma on 23.02.11 at 5470 .Today price opened and went below the previous swing low and the breakdown was confirmed.The fall was very fierce and has closed down below the first target / earlier gap at 5330 level,and closed at 5280 near 76.4 % R of prev swing.Downside targets of 5230 - 5190 are next levels to watch out for.

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