Kotak mahindra bank
KOTAKBANK A Hammer pattern is a bullish reversal candlestick that usually appears after a downtrend and signals that selling pressure may be ending. It has a small real body at the top of the candle and a long lower wick that is at least 2–3 times the body size. This long wick shows that sellers pushed the price down sharply during the session, but buyers stepped in with strong demand and pulled the price back up near the open. The candle closes near its high, indicating buyers have taken control. A hammer becomes more reliable when it forms at support zones, near moving averages, or after a prolonged decline, suggesting a potential trend reversal to the upside.
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