Nifty Entry ,Exit ,Target levels with Median Line Charts

[Kavima]

Hi
I trade with a combination of Median Lines and Fibonacci levels.Posting my charts for projecting Nifty Entry,exits and target levels for daily trades.

 

[Kavima]

Chart for 28.04.2011

 

[pundit]

Is it for NF?

 

[Kavima]

levels r nifty...calculate f corresponding levels for NF

 

[Kavima]

28.04.2011_Thursday
Daily chart

30 min chart

Target at lower median line achieved .
Next trade possibilities:
1.Wait for short entry at 5826 levels for downside target 5700-5665
2.If No pullback to Median line , then sell below 5760 for targets 5700 - 5665
3.Above 5830, Long trade for targets 5870

 

[Kavima]

29.04.2011 Nifty chart
Price reached low of 5706 close to projected target level.
Trades planned for 2.05.2011
Enter long at 5715-5725 with Stoploss at 5700 for targets 5777-5810
If 5700 breaks then lower target of 5665 - 5645 still holds.

 

[Sunny1]

Have you Tried painting ever..

At least one trader here we have now
who plans the trade well before trading:thumb:

 

[Kavima]

Hi sunny

Being an Architect by profession helps !!! in drawing my median lines for trading :lol:

 

[Kavima]

My criteria for entering long was it should open down to touch 5715-5725 levels first before climbing up.Not entered a trade yet as price opened very close to 5770 levels and climbed down.Will enter short if price breaks 5700 level.

 

[Kavima]

Long entry if price moves above NS 5734 with positive close bar
Short Entry if price moves below NS 5707 with negative close bar
Stoploss 25 points either side