Hammer Pattern Spotted in Cadila Healthcare with High volume, Long Position is preferred.
Target Price @ 240
Entry Price 231.5
Stop Loss @ 223
, , Hammer Pattern
, , Hammer Pattern
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Bullish View
Bearish View
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@chandrahasan Hammer is a bullish reversal pattern. The following points are also to be considered while validating the Hammer pattern.
1) The prior trend should be a down trend.
2) The volume is expected to be high on hammer day.
ok sir noted will apply this in future