today, bajafin and bajfinsrv are the prime examples of how far a stock can move even in day trading.
it has opened 5% up .... no more upside lets short .... sl hit
it is 7% up now it does not move this much there is a double top/ upthrust let's short.... excellent R:R trade.... sl hit hit
it's 10% up... it does not move 10% in a day..... see distribution is happening there is a false break of high lets short will cover all losses excellent R:R... SL hit
and the cycle keeps repeating (years back I was there). most day traders have this counter-trend trading mentality.