Adani Enterprises

The Bullish Hammer candlestick pattern is a popular reversal pattern that signals a potential bottom or end of a downtrend, indicating a possible upward price reversal. 🔍 Key Characteristics of a Bullish Hammer: Small Real Body: Located at the upper end of the candle range (can be green or red, but green is more bullish). Long Lower Shadow: At least 2 times the length of the real body. Little or No Upper Shadow. Occurs After a Downtrend: This is essential — context matters. 📊 What It Indicates: Buyers stepped in after strong selling pressure and pushed prices up by the close. It shows rejection of lower prices and a potential shift in momentum. ✅ Confirmation: Wait for the next candle to close above the Hammer’s close for confirmation. Volume spike during the Hammer also adds strength to the signal. Stock chart is attached.