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

3 Comments
  1. MOHAN KUMAR R 2 years ago

    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.

  2. Author
    Christopher Naveen 2 years ago

    thanks, new insight, appreciate your feedback.

    Let me find a better hammer.

  3. Author
    Christopher Naveen 2 years ago

    Hope this analysis had the required relevance

    Buy@1625
    Stoploss@1572
    Target@1678

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