Indian stock market · candlestick pattern
Hammer on Nifty 50
On Nifty 50 the hammer showed up 25 times. The target came first 40% of the time, the stop 60%, and 0% went nowhere within 12 candles.
Counted on Nifty 50: daily candles from January 2015 and hourly candles from September 2024.
By timeframe
| Timeframe | Found | Target first | Stop first | Went nowhere |
|---|---|---|---|---|
| Daily | 3 | 67% | 33% | 0% |
| Hourly | 22 | 36% | 64% | 0% |
Nifty 50 against the rest
| Charts | Found | Target first | Stop first | Went nowhere |
|---|---|---|---|---|
| Nifty 50 | 25 | 40% | 60% | 0% |
| All Indian stock market charts | 1,222 | 40% | 55% | 5% |
| Every market | 11,792 | 31% | 58% | 10% |
The last 8 times
- 23 Jun 2026, 13:15 IST · hourly · stop first after 1 candle
- 11 May 2026, 10:15 IST · hourly · stop first after 4 candles
- 16 Mar 2026, 10:15 IST · hourly · target first after 4 candles
- 13 Mar 2026, 13:15 IST · hourly · stop first after 4 candles
- 12 Mar 2026, 11:15 IST · hourly · stop first after 3 candles
- 24 Feb 2026, 14:15 IST · hourly · target first after 2 candles
- 24 Feb 2026, 13:15 IST · hourly · target first after 3 candles
- 7 Jan 2026, 09:15 IST · hourly · stop first after 2 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 Nifty 50
Inside bar · Stochastic bearish cross · Stochastic bullish cross · Gap up · Spinning top · Doji · Gap down · MACD bearish cross · MACD bullish cross · RSI overbought drop · all of them
The hammer elsewhere
Bharti Airtel · Mahindra & Mahindra · Hindalco · State Bank of India · Shriram Finance · Tata Power · Vedanta · Grasim · Kotak Mahindra Bank · Punjab National Bank · Dow Jones · S&P 500 · Nikkei 225 · Sony · GBP/USD · EUR/JPY · Ethereum · Bitcoin
Questions
How often does the hammer work on Nifty 50?
In 25 cases on Nifty 50, the target (1.5 × ATR) came before the stop (1 × ATR) 40% of the time and the stop came first 60%; 0% went nowhere within 12 candles.
What is the hammer?
After a fall, a long lower wick shows buyers stepped in.