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...
Monday, May 9, 2011
9.05.2011_Monday
30 min chart
Price moved upto 5570, close but not reached 5590-5620, before closing at 5547 levels. My outlook is that it can test 5530 and then move upto 5600 levels/ test 5480 move upto 5600-5630+ levels and then fall down to 5350 and below.
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