Hammer

Tail it has all the characteristics and underlying implications of the excess price, but is stronger. The less time price spends at a certain price level, the more effective that price level will be in providing support or resistance for future price action. Because less time spent shows greater rejection. Observe how price goes above value and spends there the...

Nelco made hammer candle in monthly chart

GEPIL made Hammer candlestick pattern in monthly chart. Stock traded near trendline.

buy @ 685 - 690 s.l 675 target 710 , 740

NSE:NIFTY Nifty was able to hold channel low on Friday and created HAMMER patter at the bottom of channel which is a bullish candle stick patter. There are high probability of reversal from here.

UPL might break 825 in the coming week and move high. SL should be placed at 788.

Buy Voltas with a SL of 511 and targets of 536.3/542. Also do not take this trade if it opens above 533. Suggestion : Buy on a dip so as to get a better risk reward ratio. Adjust your volumes as per the entry price. Disclaimer : All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy,...

Buy only if NSE:UPL opens below 769 for an initial target of 778.5 . Keep strict SL at 757. Do not initiate this trade if it opens above 774. Disclaimer : All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns....

Hammer + Tweezer Bottom Long above 83.50, SL PDL If gap up or down, follow 5m ORB.

IndiaBullRealEstate forms inverted hammer in down trend. Which is a reversal pattern. Risk reward ratio is best from this level.

1) fundamental:- lower cruid prices reduces tyre industry raw material costing 2) Technical:- Hammer pattern formation in monthly chart 3) RSI took strong support 4) HAmmer pattern formation exactly near trendline 5) today stock gave close 224 above previous month high 223.

BPCL - Hammer weekly TF

buy at 1203 sl 1275 for aggressive traders only

CMP: 28590.45 Hammer formed in Downtrend Next Candle close above Hammer Candle Target: 29500 SS: 28257 NSE:EICHERMOT

See the chart and Analysis Why BN Going Uptrend ,First Reason Is Bullish Hammer Pattern second MACD Crossing Bearish to Bullish.

See the hammer on chart Also note Stochastic K line almost crossing D line Watch price action for few days Looks like a weak flag pattern too - vertical line + rectangle

Hammer formation at support area. Most likely upward movement starts from here.

Engineers India - Pinbar formation. But pinbar is a red candle and Pinbar is at S/R zone. Just keep it on watchlist.