4 smallcap stocks hinting at bullish reversal after forming Inverted Hammer pattern
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Uptrend Ahead?
On the candlestick screener, a bullish reversal pattern helps identify stocks that can slip into an uptrend from a downward zone in the future. Here are 4 smallcap stocks that have established an Inverted Hammer pattern and hinted at a bullish reversal in the future. (Source: StockEdge)
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Inverted Hammer Pattern
It is a one-day candlestick pattern in which there is a small red real body and upper shadow extending from the body and is formed at the bottom of a downtrend.
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Shree Renuka Sugars
LTP as on June 2: Rs 41.6| % performance: -0.6%
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Sterling Tools
LTP as on June 2: Rs 336.85| % performance: -0.8%
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Ador Welding
LTP as on June 2: Rs 1151.9| % performance: -1.4%
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Primo Chemicals
LTP as on June 2: Rs 66.14| % performance: -1.5%