Federal Bank

Perfect example of Bullish hammer pattern clearly seen in the chart. Chart is attached for your study ***** Bullish Hammer candlestick pattern is a single-candle pattern that signals a potential trend reversal from bearish to bullish. It forms after a downtrend and suggests that buyers are starting to regain control. Key Characteristics of a Bullish Hammer: Small body – The candle’s body is near the top of the range. Long lower wick (shadow) – The lower shadow is at least twice the size of the body. Little to no upper wick – This indicates that sellers tried to push the price down, but buyers reversed the movement. Closes near the high – A strong close suggests buying pressure. What It Indicates: Sellers initially push the price lower, but strong buying pressure forces a close near the high. It suggests that a trend reversal might occur, especially if confirmed by higher volume or other indicators.