Zydus Livesciences
Time Frame: Weekly
Name of Pattern: Hammer
View: Potential reversal
What is a Hammer Candlestick?
The hammer candlestick is found at the bottom of a downtrend and signals a potential (bullish) reversal in the market.The most common hammer candle is the bullish hammer which has a small candle body and an extended lower wick – showing...
It has taken support at 150 levels, and it has formed hammer on weekly chart.
risk reward favorable here. we can see rally towards 20WMA.
weekly RSI is in oversold zone.
This is 1D timeframe.
After a good bullish rally it went in a consolidation for last 3 months and now showing some strength.
1] Last day it had gave breakout from this bullish pennant pattern,
with a strong Bullish Belt Hold candlestick type.
2] It have recently gave strong rejection to bears and have formed bullish hammer at support trendline.
3] Volume...
BERGER PAINTS forming HAMMER at support along with other conditions like RSI reversing from oversold to normal zone, volume higher than previous day. One can go long if price sustains above 645 on 15min/30min time frame with a stop loss of recent swing low of 618 Target 1 - 671, target 2 - 682, target 3 - 733
As per the 2 Hour Chart of WELSPUN INDIA LIMITED, we have witnessed a Formation of “Hammer” on the chart.
Therefore, we are expecting a bullish momentum in WELSPUNIND in the upcoming trading sessions. Wherein it is being expected to face a resistance initially at around the levels of 151.60, 152.85, and 154.30. Whereas, on the other hand, on the downside levels,...
As per the 2 Hour Chart of SPARC, we have witnessed a Formation of “Hammer”.
Therefore, we are expecting to witness a bullish momentum in the stock in the upcoming trading sessions. Wherein it is being expected to face a resistance initially at around the levels of 316.75, 319.85, and 327.20. Whereas, on the other hand, on the downside levels, the stock may face...
Price Action : Hammer
Time Frame - Weekly
Bullish
Hammer at the Bottom indicates Reversal. So Bearish trend have strong chance to reverse. Buy above Hammer provides good risk reward ratio
You know about inflection points. When many technical parameter formed at a point A strong technical level formed by several Trend lines, Moving Averages , Candlestick Pattern & Price Action Support . called inflection point .
In this sector all parameters formed at a point such as rising trendlines , support , candlestick pattern & MA .
PROS: 1. stock forms a good good triangular pattern and now it is in near support
2. if it breakout then it will move further up and vice versa.
2.on 18th friday the last candle was a little hammer.
4. BUY SELL TARGET is at your own trading style.
CONS: 1.Stock breaks 50 EMA and also 200 EMA.
2.the last candle was hammer...
Date: 20/06/2021.
PROS: 1. stock has a very good triangular pattern ,if it's breakout it will move further.
2. on 18th friday it forms a good bullish hammers represents buyers are in control.
3.the hammer forms at near 50 EMA and at support.
4. BUY SELL TARGET is your own trading style
CONS: 1.if its breakdown then it will move down...
Date: 20/06/2021.
PROS: 1.stock is in uptrend since april with higher highs and higher lows
2.and on 18th friday at near support by trend line 50 EMA ,the last candle was a red hammer represents a little bullishness.
3.if stocks breaks and closes above trend line then it will move further.
CONS: 1.On friday a red bearish hammer forms but not...
