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, January 17, 2012



On Monday price was still at a critical area where bulls and bears were fighting it out .The close was positive and it emerged that the bulls had an upper hand when the price was pushed from the early morning lows to close at the day's high zone.Still the outcome could have been either way and the bulls won today with the breakout above the resistance area.What a breakout rally!
The morning's breakout and WRB hour bar set the rally rolling and it looks poised to move towards a target of 5000 zone at the green UMLH.We have a strong support zone at 4925 area for any retracements which may be triggered due to any negative global cues / or profit booking.
The uptrend holds till it moves within the upsloping major orange PF.

No comments:

Post a Comment