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Indian stock market · candlestick pattern

Hammer on Bharat Electronics

On Bharat Electronics the hammer showed up 20 times. The target came first 45% of the time, the stop 55%, and 0% went nowhere within 12 candles.

Counted on Bharat Electronics: daily candles from January 2015 and hourly candles from October 2024.

By timeframe

TimeframeFoundTarget firstStop firstWent nowhere
Daily540%60%0%
Hourly1547%53%0%

Bharat Electronics against the rest

ChartsFoundTarget firstStop firstWent nowhere
Bharat Electronics2045%55%0%
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 Bharat Electronics

Inside bar · Stochastic bearish cross · Stochastic bullish cross · Spinning top · Volume profile rejection · MACD bearish cross · Doji · Gap up · MACD bullish cross · EMA 9/21 bearish 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 Bharat Electronics?

In 20 cases on Bharat Electronics, the target (1.5 × ATR) came before the stop (1 × ATR) 45% of the time and the stop came first 55%; 0% went nowhere within 12 candles.

What is the hammer?

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