similar pattern in past. stock after correction formed a hammer pattern and today closed above high of the hammer. buy with sl of hammer low for a big target.
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stock at 2850 trail sl to 2750
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stock at 2930 shortterm trader can book positional can wait with trail sl
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from 2727 to 2930
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3000 crossed. traders may book
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2727 to 3141
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seems 3500 on charts
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one can buy again for 3500 with sl of 3130 for 3500
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UnknownUnicorn646072
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it is not hammer doji
kacharts
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@rupambose32, its not doji for sure , its weekly chart and its open and close price has a difference of 30 + points which is more than 1.2 % and doji candlestick says opening and closing price should be same or near to same . and if in case its doji we got a confirmation as price is above high of that doji.
now if we say it hammer , upper shadow of body is very small and it has been formed after a correction of 500points whic is a sizeable correction.
and lower shadow seems to be 5times more longer than body, which is a perfect example of doji.
this is what i know i can be wrong. correct me if i m wrong, as we can increase knowledge by this type of healthy discussion
;-)