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...
Thanks for Update MAM
ReplyDeleteYes 5337 and 5297 is 50% and 61% retra of 5170 to 5500. below that new low.
Tomorrows JNSAR also at 5350.
SAR trading will be very tough tomorrow.
As I trade based on PIVOTS, my thinking is that 5295 should come.......
ReplyDeletereasoning.....
(i) it is the 61.8% retracement of the current upmove ( 5171 - 5499)
(ii) weekly pivot @ 5295
(iii) tomorrow's S2 @ 5301........ it is just my observation,
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My pivot moving average also giving a sell signal