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 24, 2012

24.01.2012 Tuesday

If Price hits the 5180-5200 zone, it would be another example of the magic of median lines :).
Expecting price to hit 5180 and then profit booking to start which may drag price down to 5080-5085 levels at the LMLH support.If volatile on the expiry day then we can expect this to be the series close.

Price still is in an uptrend till we get a signal of price crossing previous swing lows at 5000-5020 band.Then we look out for retracement ot test the highs.If price moves in a range within 5200-5100 then we can aim for higher targets.The game would be to watch how the price reacts at the current resistance zone.

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