Tata Motors Ltd. formed a bearish hammer after price rise. So it is likely to go down and the details are discussed here below.
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Bullish View
Bearish View
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Hi,
Hammer appear at the end of a downtrend and also at the end of a correction and volume should be high during the hammer day.
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.