The hammer is a bullish reversal candlestick pattern characterized by a small body near the top, a long lower wick, and little to no upper shadow. It signals a shift from selling to buying pressure.

Nifty formed a small red candle on the daily chart on Wednesday with a long lower shadow, technically indicating the formation of a ‘hammer’ type candle pattern. Normally, such hammer ...

These large candlestick formations are known as hammer candles, as defined by analyst Checkmate, where the lower or upper wick makes up 90% of the total price range, leaving a small body with a ...

To interpret the image above, you should be aware that a candle is represented in red when the closing price ... For instance, a Hammer Candle Pattern is a bullish reversal pattern which tells ...