detailed discussion about hammer candle stick pattern

Assalam alaikum dosto !umeed ha ap sb khairiat se hn gy or apki trading achi jaa rhi ho ge.
dear members aj ki post main hum 2 candlesticks ko study karen gy jo k hanging man or hammer candles hain. Ye dono candles reversal patterns hain or in k bad trend change hota ha.
what is Hammer Candlestick Pattern:
Dear members hammer candle stick esy es lye kaha jata ha k eski shakal hammer se milti julti hoti ha.
Es ki nechy lambi wick hoti ha or opr short body hoti ha body k opr koe wick ni hoti js se proper hammer bnta ha.

How to trade hammer candlestick?
Dear members ye candle reversal pattern ki nishani hota ha or es k bad market reversa hoti ha es lye agr apko downtrend main support py ye candle dkhny ko mily to ap buy ki trade le skty hain.

es main apka stop loss hammer k low py ho ga jb k tp next resistance tk ho skta ha.
What is Hanging man candlestick pattern?
Dear members hanginh man es ko es lye kaha jata ha q k eski shakal latky hovy admi ki trha hoti ha.
wo estrha k es ki nechy se lambi wich hoti ha jb k opr choti c bullish body hoti ha.
ye candlestick bullish trend k end main banti ha or es k bad trend reversal expected hota ha.

eski body k opr aksr koe wick ni hoti laikin kabhi kabhar choti c wick ho b skti ha.
How to trade hanging man?
Dear members hanging man pattern main trade leny k lye eski confirmation ka wait karen jb eski confirmation ho jy to ap yahan se sell ki entry le skty hain.
or es main apka stop loss hanging man candle ki closing price tk ho ga.

Agr ye pattern resistance muqam py bany to eski kafi value hoti ha or es py trust kia ja skta h.

Re: Detailed discussion about Hammer candle stick pattern

Assalamu Alaikum Dosto!

Hammer Candle

Hammer candle price chart par uss waqat banta hai, jab bhi prices aik timeframe k dowran bearish ya downward jane k baad support level ko touch karti hai, lekin candle k ikhtetam par prices wapis bullish ja kar aik small real body banati hai. Ye candle prices k bottom main bearish trend k dowran banti hai, jiss k lower side par long shadow ya saya hota hai. Jab bhi bears market ko nechay ki taraf push karte hen, lekin high demand ki waja se jab wo aisa karne main nakam rehte hen, to uss sorat main aik hammer candle create hoti hai.

Candles Formation

Hammer candle aik single pattern candle hai, iss waja se ye candle dono color ya pattern main ho sakti hai. Ye candle prices k bearish trend main banne par market k bullish trend reversal ka sabab banti hai. Candle ki tafseel darjazeel hai:



Hammer Candle: Hammer candle low prices ya bearish trend main banta hai, lekin bullish trend reversal honne ki waja se ye candle aik bullish candle shumar ki jati hai. Ye candle aik small real body main hoti hai, jiss k lower side par aik long shadow hota hai, jo k real body ka taqreeban dugna banta hai.

Explanation

Hammer candle price chart par high demand banne ki sorat main banti hai, jab bhi prices bearish trend ko mazeed downward side par reject karti hai. Ye candle aik muntakhib karda timeframe main pehle bearish jata hai, jo sabeqa bearish trend ki alamat hoti hai, jab k baad main assets ki demand main izzafa hone ki waja se prices wapis bullish move kar jati hai, jiss se ye candle aik small real body k sath close ho jati hai. Candle k lower side par aik lamba shadow ban jata hai. Candle ka lamba saya ya shadow prices k trend reversal ki alamat hoti hai, jo aik new bullish trend ka aghaz karti hai.

Trading

Hammer candle price chart k bottom ya bearish trend main hone ki waja se aik bullish signal deti hai. Candle k baad next bullish candle ka hona zarori hai, jiss se prices k trend reversal ki confirmation ho jati hai, jab k bullish candle ka hammer candle k baad upside par bhi close hona chaheye. Trend confirmation indicator se karna ho to RSI, CCI indicators aur stochastic oscillator par value oversold zone main hona chaheye. Lekin agar confirmation candle aik bearish candle banti hai, to market main entry nahi karni chaheye. Hammer candle par buy ka trade open hoga, jab k Stop Loss candle k sab se lower position ya support level se two pips below set karen.