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An inverted hammer pattern was formed in Nestle India LTD and it is seen around third week of April around 18th and a buy signal was seen on 26th April at price 6337 with stop loss of 6284 and likely target twice that of stop loss at 6555 within a day or two.
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Hammer should have lengthy lower tail to confirm the bulls reclamation.
I thought it was an inverted hammer, since after a bearish trend having an inverted hammer as trend reversal and small consolidation phase with bullish uptrend. The point you have made has been noted and will be corrected in my next charting of hammer. Thanks so much.