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...

Monday, December 5, 2011


Price moved within a narrow range today.In view of a holiday tommorrow, probably not much of movement.Price has been held within the Magenta PF and moving sideways .
What next?
Drawn a green parallel channel between recent Swing highs and low.If the sideways move continues, it can hold 5000 and move up towards the target 05 5100-5130.If not, a breakdown can lead to 4950-4850 zone.
Bias is towards testing of 5100-5130 area as we are in short term uptrend but should have caution for sudden volatile moves leading to a breakdown.

No comments:

Post a Comment