amankavi
Long

Axis : Can hammer give the rebound bang! (intra-day)

NSE:AXISBANK   AXIS BANK
Scrip can see trend reversal as the bears tried to pull the price down however, bulls manage to regain momentum henceforth, forming hammer at end of downtrend

Price range targeted, mentioned in charts if the scrip manages bullish momentum thereon

TP- 505, 507, 509 and beyond

Hammer Candlestick
Hammer appears in a downward trend indicating a bullish reversal. Consists of a single candlestick with a real body near the top of the candle, a long lower shadow at least twice the length of the body and little to no upper shadow.
Trade closed: target reached
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