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    ​3 NSE stocks that formed Hammer pattern to hint at bullish reversal​

    ETMarkets.com|
    1/5

    Bulls At Work

    On the candlestick screener, a bullish reversal pattern helps identify stocks that can climb into an uptrend from a downward zone in the future. Here are 3 NSE stocks that have established a hammer pattern and signify a bullish reversal. (Source: StockEdge)

    iStock
    Hammer Pattern
    2/5

    Hammer Pattern

    ​It is a one-day candlestick pattern wherein there is a small green real body and a lower shadow extending from the body is formed at the bottom of a downtrend. The pattern signifies a bullish reversal as it shows that the bulls are trying to push prices higher.

    iStock
    ​​Kshitij Polyline
    3/5

    ​​Kshitij Polyline

    LTP as on May 23: Rs 12.35
    ​Change over the previous day: 4.7%

    iStock
    The Great Eastern Shipping Company
    4/5

    The Great Eastern Shipping Company

    LTP as on May 23: Rs 678.65
    ​Change over the previous day: 1.3%

    iStock
    ​​Orchid Pharma
    5/5

    ​​Orchid Pharma

    LTP as on May 23: Rs 422.9
    ​Change over the previous day: 0.6%

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