3 major stocks signalling bullish reversal on candlestick scan
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Uptrend
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Inverted Hammer Pattern
It is a one-day candlestick pattern in which there is a small red real body and upper shadow extending from the body and is formed at the bottom of a downtrend.
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Significance
This is a neutral pattern which signifies the bullish reversal trend as it indicates that the trend is changing and the bulls have begun to pull the price up.
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Olectra Greentech
LTP as on May 18: Rs 662.3| % performance: -0.1%
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Supreme Petrochem
LTP as on May 18: Rs 367.1| % performance: -0.4%
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Adani Total Gas
LTP as on May 18: Rs 666.65| % performance: -5%
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