A hammer candle is a type of candlestick pattern that is commonly used in technical analysis to identify potential reversals in a price trend. The pattern resembles a hammer, with a small body and a long lower shadow, but little to no upper shadow.
A hammer candle is formed when the price opens near the high of the session, then declines, and eventually closes near the session's high. This indicates that sellers initially pushed the price lower but were eventually overpowered by buyers who drove the price back up to close near the session's high.
Traders often interpret a hammer candle as a bullish signal, suggesting that a price reversal may be imminent. Market participants see it as an indication of a shift in sentiment, from bearish to bullish, and may act accordingly, buying the asset. However, it is important to note that a single hammer candle does not guarantee a trend reversal, and traders should always consider other technical indicators and factors before making any trading decisions.
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Under Section 107 of the Copyright Act 1976, allowance is made for "fair use" for purposes such as criticism, comment, news reporting, teaching, scholarship, and research. Fair use is a use permitted by copyright statutes that might otherwise be infringing. Non-profit, educational, or personal use tips the balance in favor of fair use.
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A hammer candle is formed when the price opens near the high of the session, then declines, and eventually closes near the session's high. This indicates that sellers initially pushed the price lower but were eventually overpowered by buyers who drove the price back up to close near the session's high.
Traders often interpret a hammer candle as a bullish signal, suggesting that a price reversal may be imminent. Market participants see it as an indication of a shift in sentiment, from bearish to bullish, and may act accordingly, buying the asset. However, it is important to note that a single hammer candle does not guarantee a trend reversal, and traders should always consider other technical indicators and factors before making any trading decisions.
#hammer #candlestickpattern #tradingstrategy #tradingview #technicalanalysis #tamiltrending #yagathstocks
✅ Swing trade strategy Tamil - https://youtu.be/4Fb6QcHafUA
✅ What is an index in the stock market tamil - https://youtu.be/73q66LCpDTQ
___________________________________________________________________________________
Join our Telegram channel to get daily intraday stocks, swing trading stocks, positional trading stocks, and also get live updates about stock market daily news
If you have any doubts comment on the video or follow me on Instagram message me I will reply as soon as possible
???? Click here to learn stock market
https://bit.ly/yagathstocks
Join Now
???? Telegram
All in One Link - https://linktr.ee/Yagath_Stocks
???? Only WhatsApp - https://wa.me/919361615288 ( Don't call only WhatsApp )
___________________________________________________________________________________
✅ Brokerage I was using for trading and Investing
✅ Open Free Demat Account ( Trading, Investment, Mutual Fund )
( Upstocks Discount Brokerage Trading Account )
???? Click this link - https://bit.ly/3zpO6qo
✅ Charting tool am using
Trading View - ( a charting platform and social network used by 30M+ traders and investors worldwide to spot opportunities across global markets )
???? Click this link - https://bit.ly/3TY0Myh
___________________________________________________________________________________
???? Books to Read Learn about stock market Basics
???? Phycology of Money - https://amzn.to/3gGg4Vw
???? How to Make Money Trading with Candlestick Charts - https://amzn.to/3BkHdGP
???? Follow our channel to watch more informative videos about stock markets trading( Equity and Options ) Our videos be useful for beginners in stock market.
???? To be successful in trading, you need to have a thorough understanding of the markets. Subscribe to Yagath Stocks to learn technical analysis of stock markets, starting with the basics to Advace levels of Stock markets.
___________________________________________________________________________________
DISCLAIMER :
All the information provided by me is for educational and informational purposes only.
✅ Copyright Disclaimer :
Under Section 107 of the Copyright Act 1976, allowance is made for "fair use" for purposes such as criticism, comment, news reporting, teaching, scholarship, and research. Fair use is a use permitted by copyright statutes that might otherwise be infringing. Non-profit, educational, or personal use tips the balance in favor of fair use.
✅ Credits -
???? PxHere
???? Pexels and Pixabay
???? unsplash
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- hammer candle tamil, hammer candlestick, bullish candle stick pattern tamil
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