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Inverted Hammer on Nifty Weekly

Inverted Hammer is a candlestick pattern with a long upper shadow and a small real body, indicating a potential reversal on Nifty Weekly Option contracts.

Universe

Nifty Weekly

Time Frame

1 Day

Conditions

( Open(0) higher than Close(0) and ( High(0) - Open(0) ) higher than Abs( Open(0) - Close(0) ) * 3 and ( Close(0) - Low(0) ) lower than Abs( Open(0) - Close(0) ) ) or ( Close(0) higher than Open(0) and ( High(0) - Close(0) ) higher than Abs( Open(0) - Close(0) ) * 3 and ( Open(0) - Low(0) ) lower than Abs( Open(0) - Close(0) ) )

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