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| Discuss Bullish Hammer on Nifty at the Trading on Technicals within the Traderji.com - Discussion forum for Stocks Commodities & Forex; Hi all, The candle stick pattern in Nifty is Bullish hammer with long tail. Please ... |
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#1
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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 |
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#2
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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.
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#3
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It's in the nature of a dragonfly doji. Other indicators don't look too bad either.
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#4
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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 |
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