Another reversal candle occurring during an uptrend. Same shape as the inverted hammer. Just like chart patterns, multiple candlesticks can also form recognisable patterns that often signify the ...

VLA Ambala, Co-Founder of Stock Market Today noted that the Nifty 50 index formed a bearish inverted hammer candlestick pattern, indicating potential selling pressure.

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Nifty 50 Candlestick Patterns Dozens of bullish and bearish live candlestick chart patterns for the S&P CNX Nifty index and use them to predict future market behavior.

The analyst noted a bullish hammer candlestick, a pattern that often signals a reversal. The stock closed at ₹532.25 on Friday.

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