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Nikita (SEBI RA)

21st Aug 2025 · SEBI-Registered Analyst

Hammer & Shooting Star – The Pin Bar Signals

📊 Both are single-candle reversal signals, but context is key. ✅ Hammer (Bullish): Long lower shadow, small body at top. Appears after a downtrend → buyers rejecting lower prices. Example: Stock falls to ₹250, makes low ₹240 but closes at ₹248 → hammer → demand zone active. ✅ Shooting Star (Bearish): Long upper shadow, small body at bottom. Appears after an uptrend → sellers rejecting higher prices. Example: Stock rallies to ₹600, intraday high ₹620 but closes ₹602 → shooting star → supply zone active. 🧠 Rule: These are reliable only when near strong S/R zones + confirmed with volume.

MARUTI

#WatchOutFor
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