shivaq

Hindustan Copper - Inverted Hammer after a downtrend.

NSE:HINDCOPPER   HINDUSTAN COPPER
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After a cup and handle formation and a steady downtrend for the past 20 sessions, Hindustan Copper formed an Inverted Hammer - a bottom reversal line today 9th June 2021. The inverted hammer is a bullish pattern after a downtrend. However, it is important to wait for a bullish verification tomorrow. An open above the inverted hammer's real body could be the form of verification. It may be noted that the reversal is happening near the Moving Average.

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