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    ​3 smallcap stocks, forming Hammer pattern, hint at bullish reversal

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    , ETMarkets.com|
    ​Positive Turn?
    1/5

    ​Positive Turn?


    On the candlestick screener, a bullish reversal pattern helps identify stocks that can move into an uptrend from a downward zone in near future. So, here are 3 smallcap 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 and 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
    SVP Global Textiles
    3/5

    SVP Global Textiles

    LTP as on June 21: Rs 10.8
    Change over the previous day: 4.9%

    ETMarkets.com
    ​Steel City Securities
    4/5

    ​Steel City Securities

    LTP as on June 21: Rs 64.55
    Change over the previous day: 1.4%

    ETMarkets.com
    ​Ashiana Housing
    5/5

    ​Ashiana Housing

    LTP as on June 21: Rs 185.65
    Change over the previous day: 0.8%

    ETMarkets.com
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