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 24, 2011


30 min Nifty Chart

The price moved beyond the resistance levels and close to prev Swing high.Medain line targets are at 5550 - 5600 levels.Stoch is at oversold levels but not crossed down below 80.So trend is still going up.As price moves above 5535- the immediate Swing high,return of positive momentum is probable.Swing moving above 5600 will reach out to higher targets.Pullback levels to be watched out once price meets median line whether they can be a good point to enter longs again.

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