Hammer Candlesticks Pattern in Trading
Recently, Nifty ended 95 points higher to cross above the key hurdle at the 19,850 level and form a hammer candlestick pattern on the daily chart.
About Hammer Candlesticks Pattern
- The Hammer Candlestick pattern is considered as one of the key candlestick patterns used by traders to analyse price action trading.
- It is one of the most popular candlestick patterns traders use to gauge the probability of outcomes when looking at price movement.
- A hammer is a price pattern in candlestick charting that occurs when a security trades significantly lower than its opening but rallies within the period to close near the ....
Do You Want to Read More?
Subscribe Now
Take Annual Subscription and get the following Advantage
The annual members of the Civil Services Chronicle can read the monthly content of the magazine as well as the Chronicle magazine archives.
Readers can study all the material before the last six months of the Civil Services Chronicle monthly issue in the form of Chronicle magazine archives.
Related Content
- 1 First Report of Standing Committee on Petroleum and Natural Gas
- 2 India-ADB Agreement under SMILE Program
- 3 Annual Survey of Unincorporated Sector Enterprises, 2023-24
- 4 MuleHunter.AI: Combating the Issue of Mule Accounts
- 5 Committee of Creditors
- 6 SEBI Widens Scope of Optional T+0 Rolling Settlement Cycle
- 7 55th Meeting of the GST Council
- 8 State Finances: A Study of Budgets of 2024-25
- 9 RBI Committee on FREE-AI
- 10 Parliamentary Committee Report on Agriculture Distress
- 1 Krishi Sakhis Programme to Promote Natural Farming
- 2 National Symposium on Promotion of Organic Products through Cooperatives
- 3 NHAI Accepts First Insurance Surety Bond
- 4 RBI Increases Risk Weights for Consumer Loans
- 5 Investor Risk Reduction Access Platform
- 6 RBI, Bank of England Sign MoU Related to CCIL
- 7 Active and Passive Equity Funds
- 8 SEBI Introduces Regulatory Framework for Securities Market
- 9 NACIN and NADT Sign a MoU for Sharing of Resources
- 10 e-Way Bill System
- 11 International Container Transhipment Port
