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Conditions:
Trend reversal pattern, on a falling market, if happen to see a candle that open and close form a candle that shape like hammer, green in color, tail is twice the body and if all witnessed with high volume, then we are confirm a hammer. Hammer confirm the strength
Buy@320
Stoploss@315
Target@325
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Hai Naveen , the price movement during the previous few days were horizontal. There is no significant slope, so it is better to avoid considering this as Hammer.
thanks, new insight, appreciate your feedback.
Let me find a better hammer.
Hope this analysis had the required relevance
Buy@1625
Stoploss@1572
Target@1678