ANYBODY TELL ME IT IS A BULLISH HAMMER OR NOT? AND WHY IT IS NOT BULLISH? – EQSIS PRO

This topic has 1 reply, 2 voices, and was last updated 8 years, 5 months ago by usha muthukumar.

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October 29, 2015 at 7:08 PM #12946

ragunathan
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I seen a hammer in shriram transport finance co ltd. Its open today is higher than previous day close. But i dont know it is considered to be a bullish pattern or not. if it is not bullish, tell me why it is not bullish.

November 24, 2015 at 7:34 PM #14294

usha muthukumar
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sir,

I think in your Shri Ram Finance Analysis, Its a HAMMER pattern only…because it met all the conditions ,to qualify as a HAMMER…
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