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Inverted Hammer

Inverted HammerThe Inverted Hammer also forms in a downtrend and represents a likely trend reversal or support. It’s identical to the Hammer except for the longer upper shadow, which indicates buying pressure after the opening price. This is followed by considerable selling pressure, which wasn’t enough to bring the price down below its opening value. Again, bullish confirmation is required, and it can come in the form of a long hollow candlestick or a gap up, accompanied by a heavy trading volume. Script = Astral Time Frame = 1 Day
NSE:ASTRALLong
by Jainshashwat
Inverted Hammer The Inverted Hammer also forms in a downtrend and represents a likely trend reversal or support. It’s identical to the Hammer except for the longer upper shadow, which indicates buying pressure after the opening price. This is followed by considerable selling pressure, which wasn’t enough to bring the price down below its opening value. Again, bullish confirmation is required, and it can come in the form of a long hollow candlestick or a gap up, accompanied by a heavy trading volume. Script = HeroMoto Corp Time Frame = 1 Day
NSE:HEROMOTOCOLong
by Jainshashwat
Inverted HammerThe Inverted Hammer also forms in a downtrend and represents a likely trend reversal or support. It’s identical to the Hammer except for the longer upper shadow, which indicates buying pressure after the opening price. This is followed by considerable selling pressure, which wasn’t enough to bring the price down below its opening value. Again, bullish confirmation is required, and it can come in the form of a long hollow candlestick or a gap up, accompanied by a heavy trading volume. Script = HeroMoto Corp Time Frame = 1 Day
NSE:HEROMOTOCOLong
by Jainshashwat
ALKEM - Inverted Hammer with VolumesNSE: ALKEM is closing with an inverted hammer 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 11% 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:ALKEMLong
by BrahmaBull31
1
Expecting a bullish momentum in ADANIPORTS As per the 2 Hour Chart of ADANIPORTS, we have witnessed the formations of an inverted hammer, and a bullish harami followed by a confirmation candle on the downside levels. Therefore, we are expecting to witness a bullish momentum in the stock in the upcoming trading sessions. Wherein, the stock is being expected to face a resistance initially at around the levels of 775, 788, and 803. Whereas, on the other hand, on the downside levels, the stock may face a support at the level of 744, on closing basis. Closing Price (as on 11.05.22) : 762.90 Disclaimer: No financial information whatsoever published here, should be construed as an offer to buy or sell securities, or as advice to do so in any way whatsoever. All matter published here is purely for Educational and Information purposes only and under no circumstances should be used for making investment decisions. Viewers must consult their personal financial advisor before making any actual investment decisions, based on information published here. Any Investor or Trader taking decisions based on any information published here, does so entirely at its own risk. Investors and Traders should bear in mind that any investment in Stock Market is subject to unpredictable market-related risks.
NSE:ADANIPORTSLong
by alokdaiya
Expecting a Bullish Move in CENTURYTEXAs per the 2 Hour Chart of CENTURYTEX , we have witnessed the Formations of “Bullish Harami” as well as “Inverted Hammer” on the downside. 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 866.80, 877.15, and 892.35. Whereas, on the other hand, on the downside levels, the stock may face a support at the level of 842.60, on closing basis. Closing Price (as on 25.01.22) : 855.60 Disclaimer: No financial information whatsoever published here, should be construed as an offer to buy or sell securities, or as advice to do so in any way whatsoever. All matter published here is purely for Educational and Information purposes only and under no circumstances should be used for making investment decisions. Viewers must consult their personal financial advisor before making any actual investment decisions, based on information published here. Any Investor or Trader taking decisions based on any information published here, does so entirely at its own risk. Investors and Traders should bear in mind that any investment in Stock Market is subject to unpredictable market-related risks.
CLong
by alokdaiya
Hindustan Unilever is showing signs of bearishness Hindustan Unilever is showing signs of bearishness Reasons/Traits : • Daily Trend far away from 20 EMA • Uptrend is in pause mode • Bearish Harami followed by two shooting stars/inverted hammer formed (Chances of going down) • Since 17 sessions stock did not retrace • Volume is decreasing • RSI and MACD in overbought zone • For a healthy uptrend retracement need to happen What can happen next : Scenario 1 : If we consider 6th Sep shooting star as retest then price going down below 2757 can take it down to 2660 and then 2600 levels Scenario 2 : Price going up can retest 2825 levels or up before going down to touch EMA 20 around 2655 levels (0.382 fib levels). If it sustains here trend will be up else trend can go down till 0.50 and 0.618 fib levels before going up and any failure here can lead to 1 and 1.237 levels of fib to complete the retracement cycle 2600 level is very crucial, Let’s see.. Disclaimer : This analysis is only for educational purpose and not be considered as any trading idea/tip. Please consult your financial advisor before you take any trade and we are no way responsible for your profits/losses. Thank you!
NSE:HINDUNILVRShort
by AdhigamaTrading
1
#usdinr weekly inverted hammerThe USDINR currency pair charts weekly charts showing an inverted hammer formation at previous resistance zone close by trendline channel top shows the presence of bears and could be potential reversal signal that could possibly mean it is less likely for the currency pair to move to 76 levels and beyond. The dollar index may be facing resistance before 94.7. However the weekly momentum has climbed back to bull zones second time after the cover wave one where first attempt never sustained. The weekly trend is also is bull zones but the ADX strength bent is seen on short term daily charts that is saying that trend strength may be reducing coming days. With the US tapering that could come in soon dollar further strengthen is a threat for those trading short on this with any breakout from the current resistance zone would be ugly. USDINR options strangles can be played if it breaks and hit the next resistance of near 77 levels on November monthly contracts.
by seekedgetrade
9
Candle Stick Pattern : Inverted Hammer ] Inverted Hammer is a Bullish Pattern that indicates a reversal. This indicates that the price is falling for many days It is time to change its direction to go up. This pattern is formed on a daily time frame with a high volume which indicates Momentum. As price is on 200 days EMA which acts as a support. There is a high Probability of Stock going up. Risk to Reward is favorable for this Trade. We hope that Rites Industries is good for Swing Trade. -Mr.Financial_Literate
NSE:RITESLong
by Mr_Financial_Literate