Day Trading Stocks & Futures

[nil.nik.9777]

tuk tuk day. got few points in puts enough to recover todays losses.

 

[vikas2131]

Seems like positions are being cut off before long weekend. Monday is a holiday.

 

[cinderblock]

-----------------------

 

[nil.nik.9777]

Inverted hammer on daily candle.

 

[travi]

You should have gone with round number of 11100, would have 10/10 score
ye 11080 sounds like a "technical level" from some gyani's secret indicator
infact, something like 11086.7 would've been killing

Anyway, wanted to end the day in a cheerful mood

Happy long weekend to everyone. Great quality time to spend with family ( & ofc friends ).

Bhai, When Nifty was at 11175 i said we may see 11080. Now we are at 11115. Good chance we may end up seeing that number. I dont know.
This means the bounce that was due is done. Shorts covered, bears shaken etc etc. We have a long weekend and I dont think many want to take a view due to this. There is too much happening in the world right now.
Maybe traders will come back tuesday and see if our government indeed have any good plans to jump start the economy etc. If not, a second wave of selling is likely to continue.

 

[Riskyman]

Inverted hammer on daily candle.

View attachment 36985

Inverted hammers and shooting stars look alike i,e price advance during the day and then a significant decline with little or no lower wick. After an uptrend they called Shooting stars and in a down trend they are called inverted hammers. What you have posted looks a shooting star. If on tuesday price opens/closes lower then we can call it a shooting star reversal pattern.

 

[Riskyman]

You should have gone with round number of 11100, would have 10/10 score
ye 11080 sounds like a "technical level" from some gyani's secret indicator
infact, something like 11086.7 would've been killing

Anyway, wanted to end the day in a cheerful mood

Happy long weekend to everyone. Great quality time to spend with family ( & ofc friends ).

Haha. No gyani secret indicator. Missed by 15 some points though.
Next time ill try with decimals also

You too have a good weekend brother. Lots of bulls will be fretting at the last hour decline. Bears will be singing "apna time aayega".. Let bulls/bears sing whatever, we will enjoy the weekend as you say

 

[nil.nik.9777]

Inverted hammers and shooting stars look alike i,e price advance during the day and then a significant decline with little or no lower wick. After an uptrend they called Shooting stars and in a down trend they are called inverted hammers. What you have posted looks a shooting star. If on tuesday price opens/closes lower then we can call it a shooting star reversal pattern.

Thanks for correcting. not much well versed with these candlestick patterns

 

[Riskyman]

Thanks for correcting. not much well versed with these candlestick patterns

Was not correcting bhai. Just discussing as you were right in calling it an inverted hammer. Just where it occurs ends up changing the name

 

[nil.nik.9777]

Riskybhai,
monday holiday hai. Long weekend, kya karenge ab bor ho jayega.