Hammer

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.

in daily, price bounced from ascending channel support after forming hammer. hidden bullish divergence seen here sl - 579, tgt1 - 645, tgt2 - 680

in weekly, hammer formed at horizontal support also hidden bullish divergence seen in weekly, in daily, regular bullish divergence seen sl - 193 tgt1 - 220, tgt2 - 250

In weekly, hammer formed at horizontal support. In daily, regular bullish divergence is seen. sl - 1126 tgt - 1400

In longer time frame it is in strong uptrend. In daily, hammer formed near ascending channel support. with a sl below the channel support, one may aim for previous swing high, then channel resistance.

in weekly, hammer formed at horizontal support. in daily, regular bullish divergence seen. sl - 235, tgt - 280

in weekly - it is forming staircase pattern, it is reversed from the support, in monthly - round bottom is formed and breakout already happened. sl - 260 (below horizontal support) 1st tgt - 342, 2nd tgt - 390

in weekly it is in strong uptrend, in daily, hammer formed at uptrend channel support + horizontal support, price should reverse and go up from here. sl - 1573, 1st tgt - 1732, tgt2 - 1800

BHEL is currently at 136 levels in downtrend... Trend reversals signals : Postitive RSI Divergance, Bullish Hammer and Bullish Engulfing Candlestick Pattern indicates that strong uptrend trend will start.. Targets are 140/147/155/168+ SL :130 Risk Reward is favourable.. Note: Do your own study before making any positions...

Looks good candle..