Description of hammar candlestick pattern and its trading methodology

Description of hammar candlestick pattern and its trading methodology

Hammer Candlestick Pattern

Introduction Hammar candlestick pattern aik tool hai jo technical analysis mein istemal hota hai. Ye pattern bullish trend reversal ki indication deta hai. Hammar pattern aam taur par neeche ki taraf trend mein banata hai. In conclusion, hammar candlestick pattern ek bullish reversal pattern hai jo neeche ki taraf trend ke baad banata hai. Traders is pattern ko identify karke price action analysis karte hain aur dusre indicators ke saath combine karke trading decisions lete hain Identificatin Hammar pattern ko identify karne ke liye, hum candlestick chart par dhyaan denge. Is pattern mein humein ek single candle ki zarurat hoti hai. Is candle ki body neeche ki taraf lambi hoti hai aur wick (shadow) upar ki taraf chhoti hoti hai. Candle ki body neeche ki taraf hone se is pattern ko "hammar" ya "hammer" kaha jata hai. Guidance for traders Hammar pattern ka istemal traders price action analysis ke liye karte hain. Jab hammar pattern uptrend ke baad banata hai, tab ye bullish reversal ka sign ho sakta hai. Iska matlab hai ki price ka trend neeche ki taraf jaane ke bajaye upar ki taraf badal sakta hai.Hammar pattern ke signals ko confirm karne ke liye, traders candlestick patterns aur dusre technical indicators ke saath combine karte hain. Isse price movement ko samajhna aur trade decisions lena aasan ho jata hai. Trading Methodology Hammer pattern ki trading methodology ko samajhne ke liye, yeh steps follow kar sakte hain:

1. Pehle, price chart par hammer pattern ko identify karna hai. Hammer pattern ki pehchan karne ke liye, candlestick ko dekhna zaroori hai. Hammer pattern bullish reversal ke liye hai, isliye iski pehchan karne ke liye bearish trend mein dekhna chahiye.
2. Jab hammer pattern spot kiya jaye, toh confirm hone ke liye dusre candlestick ka wait karna hai. Confirmatory candlestick bullish candlestick hona chahiye, jo hammer ki upper side mein close ho. Agar ye confirmatory candlestick nahi hai, toh hammer pattern weak hai aur trade karne se pehle aur confirmation ka wait karna chahiye.
3. Jab hammer pattern aur confirmatory candlestick dono spot ho jaye, toh entry point decide karna hai. Entry point ko hammer ki high price se thoda below rakhna chahiye. Ye entry point stop-loss level hai, jahaan par trade close kiya jayega agar price expectations ke against chale gaye.
4. Target price ko set karna hai. Target price ko resistance level ya technical indicators se decide kiya ja sakta hai. Is level par trade close kiya jayega aur profit book kiya jayega.
5. Stop-loss level aur target price ko manage karte hue, trade ko monitor karte rahna chahiye. Agar price target price tak pahunch jaye ya stop-loss level touch ho jaye, toh trade close kar lena chahiye.

Hammer pattern ki trading methodology ko samajhne ke liye, candlestick patterns ki study aur technical analysis ki knowledge zaroori hai. Summary Hammer candlestick pattern ek technical analysis tool hai jo stock market mein istemal hota hai. Ye pattern bearish trend ke bad bullish reversal signal deta hai. Hammer pattern mein candlestick ki body chhoti hoti hai aur lower shadow body se lamba hota hai, jabki upper shadow bahut chhota hota hai. Candlestick patterns ke alawa bhi dusre indicators aur tools ka istemal karke trading decisions ko confirm karna chahiye. Always remember ki market risk ka factor hai, isliye trading ke liye risk management aur proper research zaroori hai.

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Hammer Candlestick

Hammer candle kisi bhi range ki single session candlestick hai, jo aik down-trend ke bilkul nechay zahir hota hai. Ye candle prices k bottom par aik strong support level banati hai, jiss k baad market main bulls active hona shoro ho jate hen. Ye candle trend reversal ki nishan-dahi karta hai, candle k real body k lower shadow aik ishara hai, keh sellers ne prices ko nechay le jane ki koshish ki, lekin din k ikhtetam k baad wo nakaam ho jate hen. Kuch chartists ke mutabiq, hammer candle ko pechle session ke ekhtataam ke waqfay ke sath bhi paish kya jana chahiye. Hammer candle ka nechla saya is ke real body ki lambai se kam az kam dugna hona chahiye.

Candles Formation

Hammer candlestick dekhen main dosre candles jaisi dekhaye deti hai, lekin prices k bottom par ya bearish trend main banne ki waja se aik strong bullish trend reversal ka kaam karti hai. Candle prices ko lower side par reject karti hai, jiss se maojoda trend badal jata hai. Ye aik single candle pattern hai, jiss ki formation darjazzel tarah se hoti hai; Hammer Candle: Hammer candlestick aik small real body wali candle hai, jiss k lower side par aik long shadow hota hai. Candle ka shadow candle k real body ka dungna ya uss se bhi ziada hota hai. Jab k candle k upper side par koi shadow nahi hona chaheye, lekin agara banta bhi hai, to bohut ziada large size main nahi hona chaheye, jiss se candle ki formate tabdeel hone ka hadsha ho.

Explanation

Hammer candlestick aik small real body wali single candle pattern hai, jo k lower side par aik lamba shadow ya saya rakhti hai. Candle ka saya hamesha candle ki real body se ziada hoti hai. Candle k baane ki pechay ki psychology kuch yon hoti hai, k jab bhi aik session ya aik din k dowran prices pehle downward movement karne k baad wapis apne open price k qareeb a kar close ho jati hai, jiss se candle k lower side par aik lamba shadow ya saya ban jata hai. Ye candle normal price chart par ziada moasar sabit nahi hoti hai, lekin candle ka trend k bottom par low price area main banne par bullish trend reversal ka kaam karti hai. CENTER] Trading [/CENTER] Hammer trading main buy ka signal genrate karti hai, jiss par market main confirmation k baad entry ki ja sakti hai. Candle ka long timeframe main hona zarori hai, jab k confirmation candle ak lazmi bullish real body main hona chaheye, jab k sath sath bullish candle ka hammer candle k upper par bhi close honi chaheye. Ye single candle pattern hone ki waja se indicator se bhi trend confirmation lena zarori hai, jaise RSI, MACD, CCI indicator aur stochastic oscillator par value oversold zone main hona chaheye. Candle k baad bearish candle banne ki sorat main trade entry nahi karni chaheye. Candle par Stop Loss sab se top position ya candle k low price jo k trend k leye support zone banta hai, se two pips below set karen.