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, May 12, 2011


30 Min Chart
Price gapped down at open but steadily climbed up and moving in a range till 11 am.The iiip news triggered a spurt and hit the red median line.Was the perfect spot to enter a short with the minimum Stoploss.And price broke the 5540 support and fell towards 5470 levels closing at 5486.

Daily Chart

On the daily chart with the majoe Pitchforks drawn the daily bar tested 5593, 2 days back and moved down decisively today.The probable target zone 5300-5350 is marked in the chart where it should find a major support.

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