Trading Class

Markets › Yes Bank › Inverted hammer

Indian stock market · candlestick pattern

Inverted hammer on Yes Bank

On Yes Bank the inverted hammer showed up 22 times. The target came first 27% of the time, the stop 64%, and 9% went nowhere within 12 candles.

Counted on Yes Bank: daily candles from January 2015 and hourly candles from October 2024.

By timeframe

TimeframeFoundTarget firstStop firstWent nowhere
Daily1127%55%18%
Hourly1127%73%0%

Yes Bank against the rest

ChartsFoundTarget firstStop firstWent nowhere
Yes Bank2227%64%9%
All Indian stock market charts1,11941%53%5%
Every market6,73437%55%8%

Year by year

YearFoundTarget firstStop first
2019333%67%
2024425%75%
2025520%80%
2026633%67%

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 Yes Bank

Inside bar · Stochastic bullish cross · Stochastic bearish cross · Volume profile rejection · Spinning top · Doji · MACD bullish cross · MACD bearish cross · EMA 9/21 bullish cross · EMA 9/21 bearish cross · all of them

The inverted hammer elsewhere

Shriram Finance · Hero MotoCorp · Dr Reddy's · Bharat Electronics · Canara Bank · Larsen & Toubro · Wipro · 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 Yes Bank?

In 22 cases on Yes Bank, the target (1.5 × ATR) came before the stop (1 × ATR) 27% of the time and the stop came first 64%; 9% went nowhere within 12 candles.

What is the inverted hammer?

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