hammer candle tamil | bullish candle stick pattern tamil | #technicalanalysis #tamiltrending

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A hammer candle is a type of candlestick pattern that is commonly used in technical analysis to identify potential reversals in a price trend. The pattern resembles a hammer, with a small body and a long lower shadow, but little to no upper shadow.

A hammer candle is formed when the price opens near the high of the session, then declines, and eventually closes near the session's high. This indicates that sellers initially pushed the price lower but were eventually overpowered by buyers who drove the price back up to close near the session's high.

Traders often interpret a hammer candle as a bullish signal, suggesting that a price reversal may be imminent. Market participants see it as an indication of a shift in sentiment, from bearish to bullish, and may act accordingly, buying the asset. However, it is important to note that a single hammer candle does not guarantee a trend reversal, and traders should always consider other technical indicators and factors before making any trading decisions.

#hammer #candlestickpattern #tradingstrategy #tradingview #technicalanalysis #tamiltrending #yagathstocks

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hammer candle tamil, hammer candlestick, bullish candle stick pattern tamil

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