4 stocks that formed Inverted Hammer pattern signal bullish reversal
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Positive Turn
On the candlestick screener, a bullish reversal pattern helps identify stocks that can convert into uptrend from a downward zone in the future. So, here are 4 major stocks with m-cap over Rs 1000 crore that have established an Inverted Hammer pattern and hint at a bullish reversal in the future. (Source: StockEdge)
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Inverted Hammer Pattern and its significance
It is a one-day candlestick pattern in which there is a small red real body and an upper shadow extending from the body and is formed at the bottom of a downtrend. This is a neutral pattern which signifies the bullish reversal trend as it indicates that the trend is changing and the bulls have begun to pull the price up.
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Aarti Drugs
LTP as on June 15: Rs 453.45| % performance: -0.2%
Amazon Top Deals
POWERED BY
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Shipping Corporation of India
LTP as on June 15: Rs 103.25| % performance: -0.5%
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Torrent Power
LTP as on June 15: Rs 655.95| % performance: -1.1%
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Maharashtra Seamless
LTP as on June 15: Rs 467.45| % performance: -1.2%