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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