In case of Asian Paints stock, we can see the hammer pattern in green at the low, however, volume is lacking, but RSI is at 45 which means has potential for upward trend. Next day it has given the entry above the previous day’s high also it hit the target next day itself. However, in this case we can modify the stop with trailing and expect little more return.
Hammer Pattetr – Bullish
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Stock Analysis
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Bullish View
Bearish View
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IN HAMMER PATTERN HIGH VOLUME REQUIRED