Hammer i.e. bullish variant, green candle is seen after a bearish rally. Lower tail is 2 times the body with no or less upper tail. Volume is high. Entry point is when the price goes above the highest of the hammer, stop loss is lowest of the hammer & target is equal to stop loss.
THE CONSTRUCTION -HAMMER CANDLESTICK PATTERN [ DRREDDY – BULLISH TREND ]
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Stock Analysis
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Bullish View
Bearish View
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