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Indian stock market · candlestick pattern

Hammer on Apollo Hospitals

On Apollo Hospitals the hammer showed up 21 times. The target came first 29% of the time, the stop 67%, and 5% went nowhere within 12 candles.

Counted on Apollo Hospitals: daily candles from January 2015 and hourly candles from October 2024.

By timeframe

TimeframeFoundTarget firstStop firstWent nowhere
Daily425%75%0%
Hourly1729%65%6%

Apollo Hospitals against the rest

ChartsFoundTarget firstStop firstWent nowhere
Apollo Hospitals2129%67%5%
All Indian stock market charts1,22240%55%5%
Every market11,79231%58%10%

The last 8 times

Counted by the Trading Class research engine on real past candles: entry at the signal candle's close, target 1.5 × ATR(14), stop 1 × ATR(14), 12 candles to decide, a candle that touches both counts as the stop. How we count. Past data, not a forecast and not advice.

What the hammer is

After a fall, a long lower wick shows buyers stepped in.

Drop a ball on the floor and it bounces back up. A hammer candle is like that: price fell a lot during the candle, then buyers bounced it back up near where it started. The long tail below shows how far it dropped before the bounce.

The full hammer lesson, video and quiz ›

Other patterns on Apollo Hospitals

Inside bar · Stochastic bearish cross · Stochastic bullish cross · Spinning top · Doji · Volume profile rejection · MACD bearish cross · Volume profile bounce · EMA 9/21 bearish cross · EMA 9/21 bullish cross · all of them

The hammer elsewhere

Nifty 50 · Bharti Airtel · Mahindra & Mahindra · Hindalco · State Bank of India · Shriram Finance · Tata Power · Vedanta · Grasim · Kotak Mahindra Bank · Dow Jones · S&P 500 · Nikkei 225 · Sony · GBP/USD · EUR/JPY · Ethereum · Bitcoin

Questions

How often does the hammer work on Apollo Hospitals?

In 21 cases on Apollo Hospitals, the target (1.5 × ATR) came before the stop (1 × ATR) 29% of the time and the stop came first 67%; 5% went nowhere within 12 candles.

What is the hammer?

After a fall, a long lower wick shows buyers stepped in.