the following chart shows hammer pattern of cipla stock
tomorrow if see other as well as Indian market opens in a negative mode we can go short in cipla with a stop loss of 809
, , Hammer Pattern
, , Hammer Pattern
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Bullish View
Bearish View
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Hi,
The hammer pattern is found toward the end of the downtrend but here the prior 7-8 days is sideways movement so, it doesn’t act as a hammer pattern.