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, November 24, 2011

24.11.2011 Thursday

Posted the intraday 5 min charts before and after charts in the previous Post.

Today's 60 min chart

Today's close is a positive sign for a ST low .But it's going to be sometime before the downtrend is halted as this upmove / corrective rally may extend till 4920 zone and once again a probable sell off is possible.
The downside levels at 4530 zone will be an area to be watched out till we make progress in the upmove.

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