The hammer candlestick is a bullish trading pattern which may indicate that a stock has reached its bottom, and is positioned for trend reversal. Specifically, it indicates that sellers entered the market, pushing the price down, but were later outnumbered by buyers who drove the asset price up.
hello there, I follow this strategy, but most of the time the stock don't rise to the uptrend strongly.
The stock goes into choppy condition.
My concern is How can we avoid choppiness & enter only when there is strong uptrend.
N50-ANALYST
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@himanu_ryder, simple-check volume
JagdishKumarPahuja
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In which wave is now . If it 3 wave start , then going very fast @ vibrant. . Pl confirm the level to take long position
N50-ANALYST
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@JagdishKumarPahuja this analysis was purely for educational purpose about how to trade a bullish hammer-so sry i can't give you any buy/sell signal
N50-ANALYST
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1st of all this analysis is for educational purpose, showing how to trade a bullish hammer,no buy/sell call was given from my side
FnoMaster
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Hi bro, look at today's candle. 50 points have come down. What does this indicate? This correction is due to second wave ... or part of the game..??
The stock goes into choppy condition.
My concern is How can we avoid choppiness & enter only when there is strong uptrend.