Following a series of negative candle during a downtrend, a positive candle with smaller body, smaller top tail and longer bottom tail representing hammer shape has appeared. During the Hammer candle the volume is also high. This shows trend reversal. So we can take long position only if the price moves above the top tail of the hammer candle.
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Stock Ticker – NSE: TECHM – Tech Mahindra Ltd. – IT
Bullish Trade plan:
Entry Level 639.80 Target 672.50 Stoploss 607.10
Analyst Rating – :4/5
View Posted on 2019-07-31
Trade plan got triggered. Let’s wait and watch.
Hurrah Target reached.