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Indian stock market · candlestick pattern

Inverted hammer on Bharat Electronics

On Bharat Electronics the inverted hammer showed up 23 times. The target came first 22% of the time, the stop 65%, and 13% 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
Daily714%71%14%
Hourly1625%62%12%

Bharat Electronics against the rest

ChartsFoundTarget firstStop firstWent nowhere
Bharat Electronics2322%65%13%
All Indian stock market charts1,11941%53%5%
Every market6,73437%55%8%

Year by year

YearFoundTarget firstStop first
2024333%33%
20251315%77%
2026367%33%

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 inverted hammer is

After a fall, buyers tried to push up. A first sign of interest.

Imagine a kid who keeps losing a game and finally jumps as high as they can. They land back down, but everyone noticed the jump. An inverted hammer is that jump: after a fall, buyers pushed price up high during the candle, even though it slid back before the close.

The full inverted 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 inverted hammer elsewhere

Shriram Finance · Hero MotoCorp · Dr Reddy's · Canara Bank · Larsen & Toubro · Wipro · Yes Bank · Adani Power · IRCTC · Dow Jones · S&P 500 · Nikkei 225 · Sony · GBP/USD · EUR/JPY · Ethereum · Bitcoin

Questions

How often does the inverted hammer work on Bharat Electronics?

In 23 cases on Bharat Electronics, the target (1.5 × ATR) came before the stop (1 × ATR) 22% of the time and the stop came first 65%; 13% went nowhere within 12 candles.

What is the inverted hammer?

After a fall, buyers tried to push up. A first sign of interest.