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, March 17, 2011


Nifty 30 min chart

Nifty moving within a triangular range for the past 2 weeks.
For the recent swings drawn the blue and orange median line sets.The prices are walking down the Orange Upper median line ( which is indicative of a possible change in trend direction )and is close to the support at Blue LMLH.
For intraday LONG - a buy at 5430-SL 5400 - target 1 at 5534 Blue Median line meeting point.
If price breaches 5400-5375 then wait through the fall , then a pullback to short the index for lower targets.

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