Markets › Dr Reddy's › Hammer
Indian stock market · candlestick pattern
Hammer on Dr Reddy's
On Dr Reddy's the hammer showed up 22 times. The target came first 32% of the time, the stop 55%, and 14% went nowhere within 12 candles.
Counted on Dr Reddy's: daily candles from January 2015 and hourly candles from October 2024.
By timeframe
| Timeframe | Found | Target first | Stop first | Went nowhere |
|---|---|---|---|---|
| Daily | 6 | 33% | 50% | 17% |
| Hourly | 16 | 31% | 56% | 12% |
Dr Reddy's against the rest
| Charts | Found | Target first | Stop first | Went nowhere |
|---|---|---|---|---|
| Dr Reddy's | 22 | 32% | 55% | 14% |
| All Indian stock market charts | 1,222 | 40% | 55% | 5% |
| Every market | 11,792 | 31% | 58% | 10% |
The last 8 times
- 22 Jul 2026, 10:15 IST · hourly · stop first after 3 candles
- 15 Apr 2026 · daily · target first after 6 candles
- 9 Dec 2025, 15:15 IST · hourly · target first after 2 candles
- 31 Oct 2025, 09:15 IST · hourly · went nowhere
- 22 Sep 2025, 14:15 IST · hourly · stop first after 2 candles
- 3 Sep 2025, 10:15 IST · hourly · target first after 9 candles
- 17 Jun 2025, 15:15 IST · hourly · stop first after 1 candle
- 4 Apr 2025, 13:15 IST · hourly · stop first after 3 candles
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 Dr Reddy's
Inside bar · Stochastic bearish cross · Stochastic bullish cross · Spinning top · Volume profile rejection · Doji · MACD bullish cross · Volume profile bounce · MACD bearish 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 Dr Reddy's?
In 22 cases on Dr Reddy's, the target (1.5 × ATR) came before the stop (1 × ATR) 32% of the time and the stop came first 55%; 14% went nowhere within 12 candles.
What is the hammer?
After a fall, a long lower wick shows buyers stepped in.