SG,
I'm assuming you sold Vijaya Bank futures at 96.5. I have been reading posts on this forum as well as some other websites to learn more about charts and other stuff. Can you please elaborate why you took that position?
From what I read so far and how I interpret the chart is,
Around 1 PM, a Doji was formed, followed by a shooting star candle. Thats a trend reversal right? On a site, I read the reversal is confirmed if the price trades below the low of the shooting star candle. However, you took the position right away. Any particular reason why you did that?
I saved the chart http://img99.imageshack.us/img99/3735/vijayabank.jpg
PS: How to display images instead of links?
I'm assuming you sold Vijaya Bank futures at 96.5. I have been reading posts on this forum as well as some other websites to learn more about charts and other stuff. Can you please elaborate why you took that position?
From what I read so far and how I interpret the chart is,
Around 1 PM, a Doji was formed, followed by a shooting star candle. Thats a trend reversal right? On a site, I read the reversal is confirmed if the price trades below the low of the shooting star candle. However, you took the position right away. Any particular reason why you did that?
I saved the chart http://img99.imageshack.us/img99/3735/vijayabank.jpg
PS: How to display images instead of links?
IMO, dat cannot be called a shooting star...the upper wick has to be much longer than the real body!