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Hammer

Discussion in 'Technical Analysis' started by verenmitter2001, Apr 1, 2013.

  1. verenmitter2001

    verenmitter2001 Member

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    Hi shabbir
    I have notices that hammer candlestick pattern give pretty convincing result as compared to any other candle pattern.
    Please see recent daily chart of DLF ,petronet , sterile infotech, jsw steel

    All had one thing common Hammer candle formed on Thursday and see what result had it shown today.
    Already an uptrend with hammer can give a very early entry point in a stock to maximise profit.

    Please share your views.

    Regards
    Veren
     
    verenmitter2001, Apr 1, 2013
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  2. shabbir

    shabbir Administrator Staff Member

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    You call it hammer and I prefer it calling pinbar and many prefer it calling Doji. Yes it is a good early entry point but then it is double edged sword and so should be used by pro traders only.
     
    shabbir, Apr 2, 2013
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