Bullish Hammer Candlestick ( How to us Bullish Hammer pattern )

 Hammer Candle Meaning :- 

             The hammer candlestick is a bullish trading pattern that may indicate that a stock has reached its bottom and is positioned for trend reversal. 

( हैमर कैंडलस्टिक एक तेजी वाला ट्रेडिंग पैटर्न है जो यह संकेत दे सकता है कि कोई स्टॉक अपने निचले स्तर पर पहुंच गया है और ट्रेंड रिवर्सल के लिए तैयार है। )

                               A Hammer Candle is type of Bullish Reversal Pattern.

                                   हैमर कैंडल बुलिश रिवर्सल पैटर्न का एक प्रकार है।

       Specifically, it indicates that sellers entered the market, pushing the price down, but were later outnumbered by buyers who drove the asset price up. a hammer candle is a bullish trading pattern.

     

                         Nifty Chart :- 1D { 4 sep 2023 }

 

                       BankNifty Chart :- 5 mini. { Fri 03 feb 23 } 11:30am

The hammer candlestick is found at the bottom of a downtrend and signals a potential (bullish) reversal in the market. A hammer is a candlestick pattern, when a stock opens then moves a lot lower during the day then rallies back near the opening price.

                   BankNifty Chart :- 5 mini. { Thu 24 Nov 22 } 14:45pm

The date of 24 Nov. Thursday expiry Day of bank Nifty. Market open gap up and hold privious day high and upper side market consolidation.and after consolidation and market made a higher low formation.and then created a Hammer Candle .a Hammer candle is Bullish Reversal candle.