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Nikita (SEBI RA)

9th Sep · SEBI-Registered Analyst

Inverted Hammer – Bullish Reversal at Support

📊 The Inverted Hammer forms after a downtrend and hints at reversal. ✅ Formation: Small body near the bottom. Long upper shadow (at least 2× body). Very small or no lower shadow. ✅ Meaning: Buyers tried to push higher, sellers resisted, but appearance at support shows early sign of trend change. 📌 Example: Stock declines to ₹410, forms inverted hammer at ₹412 → signals buyers attempting comeback. 🧠 Rule: Confirmation with strong green candle next day is must.

MARUTI

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