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Indian stock market · candlestick pattern
Inverted hammer on Wipro
On Wipro the inverted hammer showed up 21 times. The target came first 52% of the time, the stop 48%, and 0% went nowhere within 12 candles.
Counted on Wipro: daily candles from January 2015 and hourly candles from October 2024.
By timeframe
| Timeframe | Found | Target first | Stop first | Went nowhere |
|---|---|---|---|---|
| Daily | 3 | 100% | 0% | 0% |
| Hourly | 18 | 44% | 56% | 0% |
Wipro against the rest
| Charts | Found | Target first | Stop first | Went nowhere |
|---|---|---|---|---|
| Wipro | 21 | 52% | 48% | 0% |
| All Indian stock market charts | 1,119 | 41% | 53% | 5% |
| Every market | 6,734 | 37% | 55% | 8% |
The last 8 times
- 20 Jul 2026, 09:15 IST · hourly · stop first after 8 candles
- 7 Jul 2026 · daily · target first after 4 candles
- 30 Jun 2026, 11:15 IST · hourly · stop first after 8 candles
- 24 Jun 2026, 09:15 IST · hourly · target first after 1 candle
- 14 May 2026, 10:15 IST · hourly · target first after 3 candles
- 6 May 2026, 14:15 IST · hourly · stop first after 2 candles
- 20 Apr 2026, 10:15 IST · hourly · target first after 7 candles
- 17 Apr 2026, 10:15 IST · hourly · stop first after 12 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 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 Wipro
Inside bar · Stochastic bullish cross · Stochastic bearish cross · Spinning top · Doji · Gap up · Volume profile rejection · MACD bullish cross · MACD bearish cross · EMA 9/21 bullish cross · all of them
The inverted hammer elsewhere
Shriram Finance · Hero MotoCorp · Dr Reddy's · Bharat Electronics · Canara Bank · Larsen & Toubro · 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 Wipro?
In 21 cases on Wipro, the target (1.5 × ATR) came before the stop (1 × ATR) 52% of the time and the stop came first 48%; 0% went nowhere within 12 candles.
What is the inverted hammer?
After a fall, buyers tried to push up. A first sign of interest.