Bullish Hammer on Nifty

Hi all,

The candle stick pattern in Nifty is Bullish hammer with long tail. Please comment what other Indicators say about the correction now

Rajeev

it cannot be considered as a perfect hammer but nevertheless there are more chances of the markets rising tomorrow based on today close. A hammer should have a considrable (small but not doji like) real body with little or no upper shadow.

It's in the nature of a dragonfly doji. Other indicators don't look too bad either.

Hi
All, this may not be a perfect Hammer but it has long lower shadow after a corretion . Does this mean Bulls are in control and they dont want the market to slip below . Again in future chart of nifty it is formig bullish candle

Is it a bullish sign ?????????


Satya