feel free to call us +919500077790 info@eqsis.com
After a previous downside rally, if a green candle with a very small or no wick and a tail double times longer than the body, with a good volume, this is called a hammer. Hammer is a powerful signal for a trend reversal. Long position can be taken and the entry can be placed on the top of the hammer. The difference between the price of the top the hammer and the lowest of the hammer should be calculated and doubled. And that should be placed above the entry as the target.
| M | T | W | T | F | S | S |
|---|---|---|---|---|---|---|
| 1 | 2 | 3 | 4 | 5 | ||
| 6 | 7 | 8 | 9 | 10 | 11 | 12 |
| 13 | 14 | 15 | 16 | 17 | 18 | 19 |
| 20 | 21 | 22 | 23 | 24 | 25 | 26 |
| 27 | 28 | 29 | 30 | 31 | ||
Bearish-GAP-SHORT-BICON-25-10-2019 October 25, 2019
FEDERAL BANK – BEARISH ENGULFING October 17, 2019
Cummins India – Bearish Engulfing – 24Sep19 September 25, 2019
Day29-Tata Motors DVR – Bearish Piercing – 12Sep19 September 12, 2019
Day27-Bearish-Engulfing pattern-Tech Mahindtra-09Sep19 September 10, 2019
Stock Trading is business, the success depends not just on capital or subscribing advisory services or participating workshops. The factors such as your awareness level about business, Efforts and your contributions, Smartness, Knowledge in analysis and trading instrument, availability of infrastructure and emotional control determine your success.
EQSIS, A Stock Market Research Firm
Knowledge is Power. Here you may start from basics, get support while practicing and evolve as active analyst, later you can become a pro
Hi,
Here the prior movement to the hammer is sideways. so, most of the time it doesn’t work. volume should be high during hammer day.
Is this OK?
Hammer man candlestick express the reversal pattern because it has a characteristic that the day of hammer man pattern in which the sellers were initially in charge but yet the buyers were capable to reverse that control and drive prices back up to close near the high for the day, as a form that the short body at the top of the candle. Volume should be high during the hammer day.