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...

Friday, January 6, 2012


Price gapped down to test the support zone at LMLH ,and zoomed upto the resistance line at 4780 zone.It has reversed from 50 SMA giving a positive sign for the upmove to continue.

Current Swing Targets at 4850 - 4900 zone where there is a confluence of

1.Major Red median line resistance and minor green median line resistance
2.Downsloping resitance trendline
3.61.8% R for previous swing

No comments:

Post a Comment