EQSIS PRO

Hammer candlestick pattern witnessed with ICICI Bank

Checked for below conditions to confirm hammer:

  1. Significant price fall and latest green hammer candle
  2. Tiny head and the size of the tail is more than twice the size of body

  3. Volume is high on hammer day

Direction: Long

Entry: Go long above 262.15

Target: 274.25

Stop Loss: 256.10

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