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Hammer candle formed in L&T on 28/06/2018. previously significant price fall then Hammer candle formed and that day volume is high. The lower tail doubled the body of the candle next day candle conformed the trend reversal from bearish to bullish . My target is double the stop loss.
ENTRY PRICE = 1240
TARGET – 1305
STOP LOSS = 1205
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Nice Spot.
Classic spot!