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Shaly Gupta

5th Apr 2025 · SEBI-Registered Analyst

Apollo Hospital

APOLLOHOSP
The bullish hammer pattern is a candlestick formation that signals a potential reversal from a downtrend to an uptrend. It typically has a small real body near the upper end of the trading range and a long lower shadow, indicating that sellers tried to push the price down but buyers regained control before the close. When this pattern occurs at a trendline support zone, its significance increases because the support zone adds an extra layer of confirmation.
APOLLOHOSP
stock chart is attached to understand bullish hammer pattern with trendline support zone

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