UBL hammer candlestick Pattern [ Practice]

UBL Hammer candlestick Pattern [Practice ]

Downtrend for many days.

23/03/2018 a red hammer formation.

26/03/2018 a green hammer formed , whose lower tail is more 

than twice the body of the hammer. Volume is more.

Entry above Rs. 966.15[ High of the hammer]

Stop loss Rs. 908.35[ low of the hammer]

Risk is Rs. 57.8

Target twice the risk at 57.8*2=115.6 +966.15= Rs. 1081.75

Duration expected one week.

Target achieved in 12 days.