The 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. ...
] 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...
Candle stick = 1 Hour Time Frame = Max. Candlestick Pattern Observed : Inverted Hammer. Indicates : Reversal in Trend
Nifty started a new bullish trend during the first day of february which stopped at near 15450 levels and since then nifty has been following a falling channel pattern and has corrected almost 8%. Formation of an inverted hammer that too near the breakout point shows significant selling pressure i believe, if we break the low of this hammer which is 14420...
Inverted Hammer is a reversal candle formed at the bottom of the ascending triangle pattern in Kotak Bank's chart . Looks good for upside move .
Bataindia is on trendline support chart looks strong. Weekly macd making bulish crossover.
WIPRO MADE INVERTED HAMMER PATTERN ON 30MIN CHART AND TRADING LEVELS MENTION ON CHARTS
HUL IS IN SUPPLY ZONE AND HAD FORMED A SHOOTING STAR PATTERN ON 30MIN CHART. LEVEL MENTION ON CHART
What market doesn't like is high volume and it hates when it is immediately followed a clear sign of distribution. Its definite that smart money has taken advantage of the parabolic markup and they have started to sell at their favorite auction price. They trap the gullible retail trader at the top and drive the price down to the potential stop loss of the...
INVERTED HAMMER ON 4HOURCHARTS SEEMS BEARISH LEVEL MENTIONS ON CHART
One may sell PVR for the coming week on rise with a SL of 1546 and expect it to go below 1463.
One may sell Axis Bank on rise with SL of 728.5 and targets of 691/681.
I recommend to Buy Morepen Labs as a positional call for medium term. Charts of morepen labs shows that the stock is oversold in the market with unjustified pessimism. It's prime time to get into the morepen labs with targets of rs. 42.00 which can be seen within 12 months from now. It has created a Inverted Hammer Pattern which is a strong bullish reversal...
After the seemingly never ending uptrend, looks like HDFC Bank NSE:HDFCBANK is facing resistance around 2220 levels. I can see that the stock got rejected at the trendline and also formed an Inverted hammer with Bearish Divergence. It may come down to 2000-2100 levels. Good opportunity to short here with a small stop loss. Disclaimer: Views expressed here...
inverted hammer formed after a downtrend Target: 52 SS: 46.50 NSE:TV18BRDCST
Looks like we have a bottom in place for Pharma sector NSE:CNXPHARMA after the rally witnessed in Pharma stocks in the past few days. However, a small correction may be due if it is unable to cross 8650 levels, as it has stopped exactly around 61.8% retracement of the previous downmove and also formed an inverted hammer today. Tomorrow’s candle would be...