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...
Wednesday, February 9, 2011
9.02.11_WEEKLY CHART
Weekly chart_Nifty
Weekly chart - pitchfork with equal range channels drawn.The support at second channel line is indicated at around 5170 levels and further down at 5100 levels at the trendline channel.
Weekly chart - pitchfork with equal range channels drawn.The support at second channel line is indicated at around 5170 levels and further down at 5100 levels at the trendline channel.
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