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Hammercandle

Hammer Candlestick Pattern on support zone in Bajaj FinanceHello Everyone, i hope you all will be doing good in your life and your trading as well. Today i have brought a short term swing Trading Idea in Bajaj finance. Stock have formed hammer candlestick pattern on perfect support zone, Bajaj finance stock is trading inside the triangle pattern and chances are very high that we can see this towards upper resistance of triangle pattern which i plotted on chart above. Overall i feel stock should rise from here and no double over the period if we can see most awaited breakout in Bajaj Finance. Technically stock is looking good for swing trade, and also if anybody wants to think for long term can take entry as chances are high that this time after spending some time we will see finally breakout in it. Please follow strictly stop loss which i mention above on chart, it will save you if something goes against to our analysis. Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades. Dear traders, If you like my work then do not forget to hit like and follow me, and guy's let me know what do you think about this idea in comment box, i would be love to reply all of you guy's. Thankyou.
NSE:BAJFINANCELong
by TraderRahulPal
2
PETRONET LNG : TRIPLE BOTTOM PATTERN WITH HAMMER AT SUPPORTPetronet LNG : Buying Signals in the stock with hammer followed by Triple bottom pattern as shown in the chart. Prediction is supported by MACD Crossover and Histogram turnover along with RSI Rising from support at 39.00 Certainly a buy call above 224 with SL of Rs. 220.70 only. The Targets are 232.00 and 237.00 . This study is only for education purpose and should not be considered as a tip to buy or sell any stock. Good luck !!!
NSE:PETRONETLong
by chakraveer1104
Hammer PatternHammer candlesticks typically occur after a price decline. They have a small real body and a long lower shadow. The hammer candlestick occurs when sellers enter the market during a price decline. By the time of market close, buyers absorb selling pressure and push the market price near the opening price. The close can be above or below the opening price, although the close should be near the open for the real body of the candlestick to remain small. The lower shadow should be at least two times the height of the real body. Hammer candlesticks indicate a potential price reversal to the upside. The price must start moving up following the hammer; this is called confirmation. Script = Wipro Time Frame = 1 Day
NSE:WIPROLong
by Jainshashwat
Hammer PatternHammer candlesticks typically occur after a price decline. They have a small real body and a long lower shadow. The hammer candlestick occurs when sellers enter the market during a price decline. By the time of market close, buyers absorb selling pressure and push the market price near the opening price. The close can be above or below the opening price, although the close should be near the open for the real body of the candlestick to remain small. The lower shadow should be at least two times the height of the real body. Hammer candlesticks indicate a potential price reversal to the upside. The price must start moving up following the hammer; this is called confirmation. Script = Bandhan bank Time Frame = 1 Day
NSE:BANDHANBNKLong
by Jainshashwat
Hammer PatternHammer candlesticks typically occur after a price decline. They have a small real body and a long lower shadow. The hammer candlestick occurs when sellers enter the market during a price decline. By the time of market close, buyers absorb selling pressure and push the market price near the opening price. The close can be above or below the opening price, although the close should be near the open for the real body of the candlestick to remain small. The lower shadow should be at least two times the height of the real body. Hammer candlesticks indicate a potential price reversal to the upside. The price must start moving up following the hammer; this is called confirmation. Script = HeroMoto Corp Time Frame = 1 Day
NSE:HEROMOTOCOLong
by Jainshashwat
Hammer PatternHammer candlesticks typically occur after a price decline. They have a small real body and a long lower shadow. The hammer candlestick occurs when sellers enter the market during a price decline. By the time of market close, buyers absorb selling pressure and push the market price near the opening price. The close can be above or below the opening price, although the close should be near the open for the real body of the candlestick to remain small. The lower shadow should be at least two times the height of the real body. Hammer candlesticks indicate a potential price reversal to the upside. The price must start moving up following the hammer; this is called confirmation. Script = Reliance Time Frame = 1 Day
NSE:RELIANCELong
by Jainshashwat
Hammer PatternHammer candlesticks typically occur after a price decline. They have a small real body and a long lower shadow. The hammer candlestick occurs when sellers enter the market during a price decline. By the time of market close, buyers absorb selling pressure and push the market price near the opening price. The close can be above or below the opening price, although the close should be near the open for the real body of the candlestick to remain small. The lower shadow should be at least two times the height of the real body. Hammer candlesticks indicate a potential price reversal to the upside. The price must start moving up following the hammer; this is called confirmation. Script = ICICI Bank Time Frame = 15 min
NSE:ICICIBANKLong
by Jainshashwat
Hammer PatternHammer candlesticks typically occur after a price decline. They have a small real body and a long lower shadow. The hammer candlestick occurs when sellers enter the market during a price decline. By the time of market close, buyers absorb selling pressure and push the market price near the opening price. The close can be above or below the opening price, although the close should be near the open for the real body of the candlestick to remain small. The lower shadow should be at least two times the height of the real body. Hammer candlesticks indicate a potential price reversal to the upside. The price must start moving up following the hammer; this is called confirmation. Script = INFY Time Frame = 15 min
NSE:INFYLong
by Jainshashwat
Hammer PatternHammer candlesticks typically occur after a price decline. They have a small real body and a long lower shadow. The hammer candlestick occurs when sellers enter the market during a price decline. By the time of market close, buyers absorb selling pressure and push the market price near the opening price. The close can be above or below the opening price, although the close should be near the open for the real body of the candlestick to remain small. The lower shadow should be at least two times the height of the real body. Hammer candlesticks indicate a potential price reversal to the upside. The price must start moving up following the hammer; this is called confirmation. Script = TCS Time Frame = 15 min
NSE:TCSLong
by Jainshashwat
Hammer PatternHammer candlesticks typically occur after a price decline. They have a small real body and a long lower shadow. The hammer candlestick occurs when sellers enter the market during a price decline. By the time of market close, buyers absorb selling pressure and push the market price near the opening price. The close can be above or below the opening price, although the close should be near the open for the real body of the candlestick to remain small. The lower shadow should be at least two times the height of the real body. Hammer candlesticks indicate a potential price reversal to the upside. The price must start moving up following the hammer; this is called confirmation. Script = Biocon Time Frame = 1 Day
NSE:BIOCONLong
by Jainshashwat
2
AMBUJA CEMENT LTD : ISME JAAN HAI LONG TERM CALLOne of the India's leading and oldest cement manufacturing company and well known brand of Middle Class Segment of our Country AMBUJA CEMENT, had shown some sharp declined in Jan 2023. However buyers are back and the chart is in the Demand Zone. Let us analyze signals we are getting from chart. 1. The Stock has already faced rejection from both Distal line and Proximal Line of the Demand Zone as marked in circles in chart. 2. The chart is forming three back to back Hammers on Weekly time frame. 3. RSI is 33.30 ( under bought) on weekly timeframe. 4. The chart is in the formation of Three Bottom Pattern as shown as A, B and C on daily time frame. 5. Total Volume of trading in last three trading days is over 36 Millions. 6. Two days ago , Ambuja Cements Wins Bid For Uskalvagu Limestone Block , Orissa thus attracting Institutional Investors. The entry level and the Targets are marked on the chart. This is a long term trade plan. Conservative Traders must enter the trade only after price action @ 353 and 399 . Thank you for boosting my studies , and it is motivating me a lot to share more analysis with Trading Community. Best Wishes !!
NSE:AMBUJACEMLong
by chakraveer1104
TVSMOTOR - Bullish Hammer - Swing ReversalNSE: TVSMOTOR is closing with an bullish hammer swing reversal candle supported with high volumes. Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days. The stock has been consolidating for the past few days and moving along the trendline which is indicating demand. One can look for a 8% to 12% gain on deployed capital in this swing trade. The view is to be discarded in the event of the stock breaking previous swing low. #NSEindia #Trading #StockMarketindia #Tradingview #SwingTrade Disclaimer: This is for educational purposes only.
NSE:TVSMOTORLong
by BrahmaBull31
1
Breakout in Nifty Reality This is weekly timeframe. Nifty Reality had took support at 0.50 fibo level. There is high probability that it may test 52 week high in next coming months or may be it can take more than a year. From current level its more than 28% up. I will be now closely watching the reality sector's largecap stocks for positional trading opportunities. We have here back to back two bullish hammers, one almost like a bullish belt-hold, one belt-hold and next on thick bullish candle with breakout forming perfect three white soldiers here. This post is for infomation purpose only.
NSE:CNXREALTYLong
by AkshayAdak