Technically Justdial is in Buy mode since start of Sep itself for chart traders. Dont know which indicator was showing bearishness.
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@Alex_R, this discussion was only for today’s intraday movement.
My only question was where were people buying and why were they buying. If they did buy, then where was their stop.
Gap up or News based stocks are for, usually sold in to or taking profits If a day trader really understands chart indicators, in case of Just Dial there are many indications about over bought/ profit booking conditions.
i am tracking one of Trader on QNA who is making consistent profit, i found that he is selling during over bought & on news
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Backtesting seems to work like magic because the indicators work decently on stationary past data!!
I can give you many examples where despite gap up opening , the stock price kept making new highs entire day.
But I can certainly say indicators work on different calculations in back testing. When in realtime, same indicators give error signals, & only are seen lagging behind. I have seen OVERBOUGHT stocks staying in overbought region entire day only going up & up.
Just like there is gambling in other area like cricket, horse race, where people try to predict the result and make money, FnO is gambling to guess the stock price, no real stocks are involved.Only because it is settled based on stock’s price on a prefixed date, the FnO price follow stock price.
What the indicators do real-time is how it appears on stationary past data. The indicator values don’t change when the data becomes past. The question is did you use the indicator values wisely to enter and exit? This certainly comes with experience.
Ofcourse this is possible. An overbought region doesn’t necessarily mean blatantly sell. It calls for caution. It is time to cut your long positions. And even if you do take a short and the stock holds at these levels, shows more buying and could go up further, then it’s time to cut your short positions as well.
Disagree with you. Suppose the stock is going up from 9-15 a.m & trading at 3% high. Suppose It stays up & retains buyers interest & the price is now quoting higher at 5% by noon. After some more time around lunch, the price is now up by 7% with a days high at 9%. Now imagine the stock price breaks its days high of 9% post lunch session after 2pm . Now more n more buying is going on & stock is driving up on even heavier volumes.
Now till 2-45 p.m the stock movement remains in very strong uptrend. But after 2-45 p.m , there is minor decline in price but is seen as buying opportunity as the overall trend is still intact.
After few mins, the markets crash & heavy selling is seen overall but since this stock has been in bullish trend throughout the day, now due to weak markets , the price of the stock also declines considerably & in a matter of seconds the drop in price starts a chain reaction & people started selling it under panic & by 3-15, the price is now trading 4% in negative.
Now since this stock was in strong uptrend till 2-45 p.m & for day traders who studied the charts on real time, the indicators like EMA cross over were working perfectly but on data as seen from past until 2-45 p.m . But since the stock saw a sharp decline after that so the EMA indicators have obviously adjusted their values & corrected the crossovers as now the price range is from 10% high & 5% down !!! This new calculations were not there throughout the day but only after 3p.m & this data is well automatically adjusted & corrected. You can easily backtest any indicator & they show calculations on stationary data.
You need to trade realtime & not debate on end of day data charts. No, you can also not have the liberty to just watch the indicators realtime until a situation like above arises but then the indicators have already corrected themselves after sudden fall, you would never know.
You are not a day trader & everytime you want to jump in arguing over wrong facts. You lack the confidence to trade on your technicals. Preaching others about technicals wont help you. Being a successful day trader requires to come out of the crap.
Can you give me even one example of when a stock opened at 3%, went up by 9% and then fell to -4% after 3pm?
Even if it did, there is a concept called assessing and trailing your stoploss based on the stock’s movement. You could certainly trail your stoplosses to retain profits. Or just exit when you have caught the big chunk of the movement. If people do end up buying at the most overbought levels which is not at all the thing to do, you have to place stops. If you don’t, then you might have to pay a price for being careless.
Also, the above scenario is a rare case. You can’t live in fear because of that. You have to manage risk accordingly.
I feel terrible now 
I trade what I understand, otherwise I don’t trade. Either way, to each his own. We can stop this discussion here. I think we both have made our points.
I am done!! 
You will remain a bookworm all your life. Sorry no offense. It means Kitabi keeda in hindi!
I dont want to argue anymore.
Peace!!
Great story it was a good reading experience maybe you should start writing some fictional novel.
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You are innocent. But I like your pic which reads- Bulls make Money, bears make money & PIGS get slaughtered !!
Market makers laugh at pigs. There are plenty many of them & till the time they are here, Market makers will continue to rule because pigs are only meant to be slaughtered! 
If u think that some story telling is going on here, then you are on a sure pathway of getting slaughtered.
So we should all strive to avoid being the pig. What is your final statement @Spaceship
That we should all not learn to trade and just be the pig in the market?
There you see! That is your mindset. If u want to remain a PIG all your life, then its your choice!
I can’t help you.
So what should I do to not remain a pig in the market all my life?
Keep on framing stories like this and only time will tell who will be slaughtered.
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I am a profitable trader thats why I am enjoying this forum. But yes since majority of people are ridden with negative beliefs, mindset & thats the distinguishing factor of my success.
You are yet to born in the world of markets if u think there’s no insider trading! Every other day insider trading happens. And surely people like you are a boon who are ignorant of facts.
I need not waste my time with newborn traders, & even if u are an oldie then its more embarrassing to know that you are still unaware of hidden games happening inside the markets!
One word - kuwein ka Mendak!!
True brother. Technicals aren’t a sure shot thing. Sooner the people understand this the better it would be for them.
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Religion is regarded by the common people as true, by the wise as false, and by the rulers as useful. - Lucius Annaeus Seneca
And for stock markets -
Manipulation or Insider Trading is regarded by the novice as true, by the amateur as false, and by the experienced as useful.
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Who told u this!! Insider trading is useful??? Its useful only for insiders & not you.
Insiders operator promoters get to make some crores of rupees in no time effortlessly.
Insider trading is regarded by novice as FALSE, & by the experienced as TRUE. There’s no such thing as amateur in markets. Either you remain a novice all your life or you become a learnt experienced player.
If one is not making money even after staying in the markets for years then that person is worst than a novice. It will take more n more time to change the thought pattern of a loss making experienced person, yes experienced in making losses.
He will have to “unlearn” first & start like a novice , otherwise he has no hope. If a glass is filled with dirty water & you want to put fresh water… then you must first empty the glass of dirty water & unless the bad water is removed, there’s no use pouring fresh water into a glass filled with bad water!!
Do you have any data to back this up? Would be interesting.