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...

Tuesday, September 20, 2011


The band 5050 - 5020 gave support at the Blue Median Line of the larger Pitchfork and climbed up throught the resistance expected at 5073.
The immediate downmove is negated till it breaches 5020 on the downside.
The momentum looks good today and it can continue and price can reach the upper side at 5320 - 5340 band in the coming days.
The rise is worked out assuming the ongoing wave DE will be equal to wave BC.
This chart has a combination of the trendline channel and the Andrews Pitchfork channel also.

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