ICICI BANK

The **Bullish Hammer** pattern is a candlestick chart pattern that typically signals a potential reversal in a downtrend, suggesting that buyers may be gaining control after a period of selling pressure. ### Key Characteristics of the Bullish Hammer: 1. **Shape**: The candlestick has a small body located near the top of the trading range. The lower shadow is significantly longer than the body, indicating that the price was pushed down during the session but closed near the opening price (or higher). 2. **Color**: The candle can be either bullish (green/white) or bearish (red/black), but the key is that the close is near the open, indicating that buyers pushed the price up by the end of the session. 3. **Location**: It occurs after a downtrend, suggesting a potential trend reversal to the upside. Chart is attached so that you can understand the candlestick pattern.